What smart money is saying about Fabrinet
5 funds in our archive have pitched Fabrinet, most recently ClearBridge Investments SMID Cap Growth Strategy in June 2026.
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and testing. Its products include switching products, including reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths, speeds, and over various distances. The company’s products also comprise transceivers, tunable lasers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as Infiniband, Ethernet, fiber channel, and optical backplane connectivity. In addition, it provides solid state, diode-pumped, gas, and fiber lasers used in semiconductor processing, biotechnology and medical device, metrology, and material processing industries; and differential pressure, micro-gyro, fuel, and other sensors used in automobiles, as well as non-contact temperature measurement sensors for the medical industry. Further, the company designs and fabricates application-specific crystals, lenses, prisms, mirrors, laser components, and substrates; and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products. It serves original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices, and sensors. The company was incorporated in 1999 and is based in George Town, the Cayman Islands.
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Fund signal · last 12 months
15 lettersMore funds are selling than buying
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q4 2024 and Q3 2026, 18 fund letters reported a position in Fabrinet, with 1 buy (opened or added) and 7 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 6 | 0 | 4 | 0 |
| Q2 2026 | 5 | 1 | 3 | 1 |
| Q1 2026 | 1 | 0 | 0 | 1 |
| Q4 2025 | 3 | 0 | 0 | 1 |
| Q3 2025 | 1 | 0 | 0 | 0 |
| Q2 2025 | 2 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 18 positions · 10 moves
- September 2026
“Fabrinet FN provides precision optical, electro-mechanical and electronic manufacturing services. After trimming ahead of its earnings report on concern that expectations had become elevated, we sold the remaining small position.”
Fabrinet - September 2026
“Fabrinet FN provides precision optical, electro-mechanical and electronic manufacturing services. After trimming ahead of its earnings report on concern that expectations had become elevated, we sold the remaining small position.”
Fabrinet - ExitedArgent Mid Cap StrategySeptember 2026
“We sold NRG Energy, an integrated power company spanning retail electricity, wholesale generation and smart home services, after reassessing its risk and reward following a period of strong appreciation and rising execution uncertainty.”
Fabrinet - September 2026
“A second group of reductions addressed concentration in AI infrastructure, which Vertiv's sale also served. We sold Fabrinet, a precision optical and electronic manufacturing services provider to hyperscalers, networking companies and telecommunications customers.”
Fabrinet - September 2026
“We sold Fabrinet, a provider of precision optical and electronic manufacturing services for hyperscalers, networking equipment companies and telecommunications customers, as part of a broader effort to reduce the portfolio’s exposure to AI infrastructure as several related holdings appreciated.”
Fabrinet - July 2026
Listed in Harding Loevner Global Equity model portfolio’s reported holdings.
Fabrinet - New positionClearBridge Investments SMID Cap Growth StrategyJune 2026
“Portfolio Positioning In IT, we added Fabrinet and MACOM Technology Solutions to increase exposure to AI networking and data connectivity growth.”
Fabrinet - June 2026
“While we have found the stretched valuations in many hardware businesses to be problematic, we have taken a nuanced and conservative approach to find select investments in AI-related hardware companies at the cutting edge of shifting technology, such as Maruwa and former portfolio holding Fabrinet (sold in Q1 on valuation after a nearly six-fold appreciation since our initial investment in August 2020). We also believe we are approaching an inflection point in software stocks.”
Fabrinet - June 2026
“Alongside the memory and interconnect reductions above, we exited Ciena, Ultra Clean, KLA, Kokusai Electric, Arista Networks, Fabrinet and Vertiv, several having closed the gaps we originally underwrote, and released further capital from Tesla, Shopify, Mercadolibre and Robinhood to concentrate the Fund on the technology stack itself; the ServiceNow exit completed in April.”
Fabrinet - June 2026
“Alongside the memory and interconnect reductions above, we exited Ciena, Ultra Clean, KLA, Kokusai Electric, Arista Networks, Fabrinet and Vertiv, several having closed the gaps we originally underwrote, and released further capital from Tesla, Shopify, Mercadolibre and Robinhood to concentrate the Fund on the technology stack itself; the ServiceNow exit completed in April.”
Fabrinet - June 2026
“We made significant reductions to our holdings in Fabrinet (FN), Vishay Intertechnology (VSH), and Synaptics (SYNA), all of which appreciated over the past year.”
Fabrinet - HoldsHarding LoevnerMarch 2026
Listed in Harding Loevner’s reported holdings.
Fabrinet - December 2025
“DETAILS OF THE QUARTER Fabrinet (FN) was the top contributor to Fund performance for the fourth quarter.”
Fabrinet - December 2025
“Fabrinet (FN) was also a significant contributor.”
Fabrinet - December 2025
“Fabrinet (FN) was the top contributor to Fund performance for the quarter. Fabrinet is a contract manufacturer of laser-based communication hardware.”
Fabrinet - HoldsLRT CMSeptember 2025
Listed in LRT CM’s reported holdings.
Fabrinet - June 2025
“Two of the top contributors to Fund performance were technology companies, Fabrinet (FN) and Nova Ltd. (NVMI).”
Fabrinet - June 2025
“Fabrinet (FN) Fabrinet stands as a premier and highly specialized provider of advanced optical packaging and precision manufacturing services.”
Fabrinet
Also mentioned · 2
These funds discuss Fabrinet as a competitor, benchmark or comparable, without disclosing a position in it.
- August 2026
Named in a table in Harding Loevner Global Developed Markets Equity’s letter.
Fabrinet - July 2026
Named in a table in Harding Loevner Frontier Emerging Markets Equity’s letter.
Fabrinet
Fund coverage · 5 theses
Fabrinet is a leading contract manufacturer of optical communications components, benefiting from AI-driven demand for data center and telecom networking.
Read the full thesis- FPA Queens Road Small Cap Value FundMarch 2026
Fabrinet is a niche optical networking contract manufacturer with strong growth, expanding margins, data center tailwinds, and long-term compounder potential.
Read the full thesis - WS Amati Global Innovation FundDecember 2025
Fabrinet is a contract manufacturer well positioned to benefit from accelerating adoption of optical communications in data centers by supplying all key players.
Read the full thesis - LRT Capital ManagementJune 2025
Fabrinet has established itself as an indispensable, high-precision manufacturing partner for leading OEMs by mastering complex optical and electro-mechanical production, securing strong growth from secular tech trends and creating formidable switching costs through deep integration and engineering excellence.
Read the full thesis - Polen US Small Company GrowthDecember 2024
Fabrinet is a leader in advanced optical and precision electromechanical manufacturing, positioned for strong growth due to favorable market trends and its relationship with NVIDIA.
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