What smart money is saying about KLA
4 funds in our archive have pitched KLA — most recently Guinness Global Innovators Fund in July 2026.
KLA Corporation specializes in creating, manufacturing, and distributing advanced solutions vital for process control, process optimization, and yield enhancement throughout the global semiconductor and broader electronics industries. The company organizes its business into four main segments: Semiconductor Process Control, Specialty Semiconductor Process, PCB, Display and Component Inspection, and an 'Other' category. For integrated circuit (IC) fabrication, KLA offers a comprehensive range of products. These include systems for wafer inspection, review, and metrology; defect inspection and metrology for both wafers/substrates and reticles; chemical and materials quality analysis tools; and real-time process management and wafer handling diagnostics essential for IC and original equipment manufacturer (OEM) production. Furthermore, the company develops software for live process control, defect excursion identification, process corrections, and defect classification. KLA also supplies refurbished and remanufactured equipment. Beyond IC manufacturing, KLA supports specialty semiconductor production. This includes benchtop metrology, surface characterization, and electrical property measurement services suitable for general-purpose and laboratory use. They also provide technologies and solutions for etching, plasma dicing, deposition, and various other wafer processing tasks within the semiconductor and microelectronics sectors. Within the printed circuit board (PCB) market, KLA delivers solutions such as direct imaging, inspection, optical shaping, additive printing, and computer-aided manufacturing and engineering. For the display industry, their offerings encompass inspection and electrical testing systems to pinpoint and categorize defects, as well as equipment for defect repair. KLA also supplies inspection and metrology systems designed to improve quality control and yield in both advanced and conventional semiconductor packaging markets. Established in 1975, the company was initially known as KLA-Tencor Corporation before rebranding as KLA Corporation in July 2019. Its corporate headquarters are situated in Milpitas, California.
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Position history
Between Q4 2024 and Q3 2026, 10 fund letters reported a position in KLA — 3 opened or added to the position, 3 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 1 | 0 | 1 |
| Q2 2026 | 6 | 2 | 1 | 1 |
| Q1 2026 | 2 | 0 | 2 | 0 |
| Q4 2024 | 0 | 0 | 0 | 2 |
Fund activity · 10 positions · 6 moves
- HoldsGuinness Global Innovators FundJuly 2026
Listed in Guinness Global Innovators Fund’s reported holdings.
Read the letterKLA - New positionLongriver Partners FundJuly 2026
“I invested in semiconductor equipment supplier KLA Corp earlier this year and reinvested in Amazon, too.”
Read the letterKLA - HoldsGuinness Global Innovators FundJune 2026
Listed in Guinness Global Innovators Fund’s reported holdings.
Read the letterKLA - New positionBaillie Gifford Positive ChangeJune 2026
“New holding KLA provides process control equipment and services that help chip manufacturers improve production efficiency and reduce waste, water and energy intensity during semiconductor manufacturing.”
Read the letterKLA - AddedJensen Quality Growth FundJune 2026
“We also harvested gains in Alphabet and KLA Corp following strong share-price appreciation and reallocated capital to more attractively priced opportunities while maintaining significant exposure to both companies.”
Read the letterKLA - HoldsFindlay Park American FundJune 2026
“Other strong contributors included KLA, Applied Materials, Entegris and Keysight, which provide critical equipment, materials, testing and measurement capabilities to the semiconductor ecosystem.”
Read the letterKLA - ExitedVlatava fund Vltava Fund SICAV, plcJune 2026
“We sold the troika Lam Research, Applied Materials, and KLA Corporation”
Read the letterKLA - HoldsRoyal London AM Global Equity Enhanced FundJune 2026
“Holdings in Micron, Applied Materials, KLA Corp and Lam Research were among the main positive contributors.”
Read the letterKLA - TrimmedBuffalo Blue Chip Growth FundMarch 2026
“Relative results were partially offset by Lam Research, KLA, and Costco Wholesale.”
Read the letterKLA - TrimmedFlexible Equity FundMarch 2026
“We exited Workday (WDAY) and trimmed Taiwan Semiconductor Manufacturing (TSM) and KLA Corporation (KLAC).”
Read the letterKLA
Also mentioned · 4
These funds discuss KLA — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedClearBridge Investments Large Cap Growth StrategyJune 2026
“The largest relative detractors included Netflix and Intuitive Surgical as well as not holding Advanced Micro Devices, Lam Research and KLA.”
Read the letterKLA - MentionedRoyal London AM US Equity Fund (IRL)June 2026
“Not holding Lam Research and KLA Corp had a negative effect on relative returns.”
Read the letterKLA - MentionedRoyal London AM Global Equity Diversified Fund (IRL)June 2026
“Not holding LAM Research, ASML or KLA Corp hit relative returns.”
Read the letterKLA - MentionedRoyal London AM Royal London US Equity TrustJune 2026
“Not holding Lam Research and KLA Corp had a negative effect on relative returns.”
Read the letterKLA
Fund coverage · 4 theses
- Guinness Global Innovators FundJuly 2026
KLA is a process-control leader whose inspection and metrology demand is supported by advanced-node and AI-related semiconductor complexity.
Read the full thesis - Jensen Quality Growth FundJune 2026
KLA Corp benefits from secular demand for semiconductor process control systems, strong financials, and good revenue visibility.
Read the full thesis - Parnassus Core Equity FundDecember 2024
KLA is well-positioned for long-term growth due to high switching costs, strong demand for advanced semiconductors, and effective management, despite recent stock price concerns related to weaker demand in China.
Read the full thesis - Alger Growth & Income FundDecember 2024
KLA is a leading semiconductor capital equipment company that supplies advanced inspection tools and metrology systems essential for the production of smaller
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