What smart money is saying about Qualcomm
6 funds in our archive have pitched Qualcomm — most recently Aristotle Value Equity Wealth Management Strategy in June 2026.
QUALCOMM Incorporated is a company dedicated to developing and bringing to market fundamental technologies crucial for the global wireless communication industry. Its operations are structured into three primary segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The QCT division specializes in creating and supplying integrated circuits and system software, leveraging 3G, 4G, 5G, and other advanced wireless technologies. These components are essential for a range of products, including those used for wireless voice and data communication, networking, application processing, multimedia, and global positioning. The QTL segment generates revenue by licensing its extensive intellectual property portfolio, which encompasses various patent rights vital for the manufacture and sale of wireless devices, particularly those adhering to standards like CDMA2000, WCDMA, LTE, and OFDMA-based 5G. Through its QSI segment, Qualcomm invests in early-stage companies across diverse sectors such as 5G, artificial intelligence, automotive, consumer electronics, enterprise solutions, cloud computing, and the Internet of Things, aiming to support the introduction of new products and services for both existing and emerging communication applications. Furthermore, the company provides development services and related products to United States government agencies and their contractors. Founded in 1985, QUALCOMM Incorporated maintains its headquarters in San Diego, California.
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Position history
Between Q4 2024 and Q2 2026, 9 fund letters reported a position in Qualcomm — 1 opened or added to the position, 3 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 7 | 0 | 2 | 3 |
| Q1 2026 | 2 | 1 | 1 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Fund activity · 9 positions · 4 moves
- June 2026
“We also modestly trimmed the Technology names Alphabet (Google), Applied Materials, Qualcomm, and Generac (mostly in tax-exempt accounts) as these positions had become oversized because of significant stock price appreciation.”
Qualcomm - June 2026
“Leaders All three of the top performing companies within our portfolio come from the Tech sector. Largan Precision rose +41.1% (in USD) due to two main reasons. First, the company reported better-than-expected revenues for April, up +23% year-on-year, driven by stronger iPhone sales than the market was expecting. Second, Largan reported advancements in its co-packaged optics (CPO) technology, which uses light to transmit data, improving speed and efficiency. Qualcomm (+39.8%) and Hon Hai Precision (+32.9%) saw share prices rise in May, primarily due to continued AI enthusiasm.”
Qualcomm - June 2026
“Qualcomm, a leading semiconductor and communications technology company, was the largest contributor for the quarter.”
Qualcomm - June 2026
“Qualcomm, a leading semiconductor and communications technology company, was among the largest contributors for the quarter.”
Qualcomm - June 2026
“Qualcomm, a leading semiconductor and communications technology company, was among the largest contributors for the quarter.”
Qualcomm - June 2026
“Qualcomm, a leading semiconductor and communications technology company, was the largest contributor for the quarter.”
Qualcomm - May 2026
“In the USA we enjoyed returns of 60% in Qualcomm. This can't and won't continue. We sold at month end and into early June some long held I.T. companies such as Teradyne, Hirose, Akamai, and significantly reduced Qualcomm and Arrow Electronics.”
Qualcomm - March 2026
“We added to our existing positions in Euronext, Michelin, Carlsberg, NetApp, Elevance, Qualcomm and Wells Fargo.”
Qualcomm - March 2026
“We also trimmed our positions in Kimberly-Clark, Applied Materials, Omnicom, Merck, Ameriprise Financial, Gen Digital, American Express, Carlyle Group, Chubb.”
Qualcomm
Also mentioned · 5
These funds discuss Qualcomm — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedGuinness Asian Equity Income FundAugust 2026
“Laggards Qualcomm fell 20.1% in July, in part due to the broader unwind in semiconductor and AI-related valuations but also related to weak profit guidance during the company’s latest earnings call.”
Qualcomm - MentionedHarding Loevner International EquityJune 2026
“Taiwan Semiconductor Manufacturing or TSMC, the most valuable company outside the US, possesses a widely admired business model. For decades it has gained share in logic chip manufacturing by continually investing to create economies of scale and scope, going farther down the manufacturing experience curve than peers, and developing proprietary manufacturing processes that deliver to customers the most advanced chips at costs competitors cannot match. Manufacturing logic chips for customers such as NVIDIA, Apple, and Qualcomm, TSMC has generally been able to grow its productive assets 10% to 20% annually over the last two decades, with returns on invested capital”
Qualcomm - June 2026
“Manufacturing logic chips for customers such as NVIDIA, Apple, and Qualcomm, TSMC has generally been able to grow its productive assets 10% to 20% annually over the last two decades,”
Qualcomm - June 2026
“Taiwan Semiconductor Manufacturing or TSMC, the most valuable company outside the US, possesses a widely admired business model. For decades it has gained share in logic chip manufacturing by continually investing to create economies of scale and scope, going farther down the manufacturing experience curve than peers, and developing proprietary manufacturing processes that deliver to customers the most advanced chips at costs competitors cannot match. Manufacturing logic chips for customers such as NVIDIA, Apple, and Qualcomm, TSMC has generally been able to grow its productive assets 10% to 20% annually over the last two decades, with returns on invested capital consistently above its cost of capital.”
Qualcomm - MentionedYackman AM AMG Yacktman FundMarch 2026
“Samsung has achieved prominent design wins in its foundry business as well—most notably with Tesla, Inc., Qualcomm, and Nvidia.”
Qualcomm
Fund coverage · 6 theses
Qualcomm is diversifying beyond handsets into connected computing, with automotive, IoT and edge AI growth supporting long-term free cash flow.
Read the full thesisQualcomm is transitioning from mobile chips toward autos and data centres, with the market underestimating its growth avenues and on-device AI energy savings.
Read the full thesis- Aristotle Global Equity AdvisoryJune 2026
Qualcomm is diversifying beyond handsets into connected computing, benefiting from AI and connectivity tailwinds while generating strong free cash flow.
Read the full thesis - Schafer Cullen Global High Dividend ADRDecember 2025
Qualcomm is a leading semiconductor platform with dominant smartphone share and multiple AI-driven growth vectors across PCs, automotive, IoT, and inference at an attractive valuation and yield.
Read the full thesis - Tamim Fund Global High ConvictionMarch 2025
Qualcomm Inc. is a fundamentally strong technology leader in wireless and semiconductor innovation, poised for growth in 5G, automotive, and AI sectors, while offering solid financial performance and shareholder returns.
Read the full thesis - Nightview CapitalDecember 2024
Qualcomm's pivot to Automotive, IoT, and AI positions it for significant long-term growth beyond handsets
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