What smart money is saying about Amdocs Ltd
1 fund in our archive has pitched Amdocs Ltd — most recently Palm Valley CM in March 2026.
Amdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. It provides CES21, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; the Commerce and Care suite for order capture, handling, and customer engagement; the Monetization suite for charging, billing, policy, and revenue management; Intelligent Networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; MarketONE, a cloud-native business ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecom brands and small-scale service providers; and eSIM Cloud for service providers. It also offers AI-powered, cloud-native, and home operating systems; data intelligence solutions and applications; media services for media publishers, TV networks, and video streaming and service providers; end-to-end application development and maintenance services; and ongoing services. In addition, the company provides a line of services designed for various stages of a service provider's lifecycle includes design, delivery, quality engineering, operations, systems integration, mobile network services, consulting, and content services; managed services comprising application development, modernization and maintenance, IT and infrastructure services, testing and professional services that are designed to assist customers in the selection, implementation, operation, management, and maintenance of IT systems. It serves to the communications, cable and satellite, entertainment, and media industry service providers, as well as mobile virtual network operators and directory publishers. Amdocs Limited was founded in 1988 and is headquartered in Saint Louis, Missouri.
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Position history
Between Q2 2025 and Q2 2026, 9 fund letters reported a position in Amdocs Ltd — 1 opened or added to the position, 3 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 0 | 0 | 0 |
| Q1 2026 | 4 | 1 | 2 | 1 |
| Q3 2025 | 1 | 0 | 0 | 0 |
| Q2 2025 | 1 | 0 | 1 | 0 |
Fund activity · 9 positions · 4 moves
- June 2026
Listed in Palm Valley Capital Management Palm Valley Capital Fund’s reported holdings.
Amdocs Ltd - June 2026
“Our holdings in U.S.-based EPAM Systems, Cognizant, and Amdocs were among the largest detractors.”
Amdocs Ltd - June 2026
“This underperformance is attributed to the concentration in IT services and software, namely Globant (IT services), Amdocs (IT services) and NICE (software).”
Amdocs Ltd - ExitedCambiar SMID FundMarch 2026
“we sold Amdocs in favor of ON, which we view to offer a more attractive return profile.”
Amdocs Ltd - March 2026
“We added to the portfolio’s existing positions in NetApp, Union Pacific, Amdocs, Qualcomm and Elevance.”
Amdocs Ltd - HoldsPalm Valley CMMarch 2026
“In the first quarter, the Fund’s leading detractor was Amdocs (ticker: DOX), a software company and our largest position.”
Amdocs Ltd - ExitedCambiar Smid Cap fundMarch 2026
“We also made a swap within the Tech sector, selling IT services provider Amdocs in favor of ON Semiconductor. Amdocs has historically been more of a ‘defensive’ tech holding – falling behind in more frothy environments, such as 2025, but holding up well in the 2022 drawdowns. With the recent announcement of a CEO transition and fairly muted upside at current valuations, we sold Amdocs in favor of ON, which we view to offer a more attractive return profile.”
Amdocs Ltd - September 2025
“Outlook The dominant theme of Q2, tariffs, was less of a factor for markets in the third quarter as investors returned their focus to AI. Growth stocks, particularly those most associated with the rise of artificial intelligence, have driven returns for U.S. equities for an extended period. This momentum has produced impressive returns for investors in recent years, but concentration risk remains elevated on the S&P 500 Index. Some of the companies driving this growth and concentration risk such as Amazon.com Inc. and Meta Platform Inc. are also now part of the Russell 1000 Value Index. Investors’ thirst for this rapidly evolving technology has also drawn comparison with the dot-com boom of the late 1990s, while the announcement of Nvidia’s partnership with Open AI has raised some questions on whether the deal is an example of AI “circular financing”. From our perspective, we are excited about the potential of artificial intelligence to shape the economy of the future and drive innovation by businesses. We also want to keep our feet on the ground regarding AI as there are many unknowns about how these tools can ultimately drive efficiency and productivity. We have well-priced exposure to AI in the portfolio through companies such as Applied Materials Inc. and Amdocs Ltd.”
Amdocs Ltd - TrimmedBA Beutel Goodman US Value FundJune 2025
“In addition, we trimmed our positions in eBay Inc., Amdocs Ltd. and Gen Digital Inc., and completed a process-driven one- third trim of Cencora Inc. as the stock reached our target price.”
Amdocs Ltd
Also mentioned · 1
These funds discuss Amdocs Ltd — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedBA Beutel Goodman World Value FundMarch 2026
“Key detractors on an absolute-return basis included Capgemini, Amdocs and Qualcomm.”
Amdocs Ltd
Fund coverage · 1 thesis
- Palm Valley CMMarch 2026
Amdocs is a telecom-focused software and services provider embedded in mission-critical systems with high switching costs and attractive valuation around 10x free cash flow.
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