Soumya Eswaran
3 min read
In This Article:
Columbia Threadneedle Investments, an investment management company, released its “Columbia Seligman Global Technology Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. During the first period, the U.S. equity market declined and underperformed compared to its global developed-market counterparts. The fund’s Institutional Class shares returned -12.71% in the quarter, compared to –11.93% return for the MSCI World Information Technology Index-Net. In addition, you can check the fund’s top 5 holdings for its best picks for 2025.
In its first-quarter 2025 investor letter, Columbia Seligman Global Technology Fund highlighted stocks such as Apple Inc. (NASDAQ:AAPL). Apple Inc. (NASDAQ:AAPL) is an American multinational company that designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. The one-month return of Apple Inc. (NASDAQ:AAPL) was 0.81%, and its shares lost 5.86% of their value over the last 52 weeks. On June 25, 2025, Apple Inc. (NASDAQ:AAPL) stock closed at $201.56 per share, with a market capitalization of $3.01 trillion.
Columbia Seligman Global Technology Fund stated the following regarding Apple Inc. (NASDAQ:AAPL) in its Q1 2025 investor letter:
"The fund maintained an underweight position in Apple throughout the quarter. Apple Inc.'s (NASDAQ:AAPL) stock pulled back during the first quarter, in line with the performance of many other technology stocks, and the company experienced some challenges of its own during the quarter. Apple delayed the release of an AI-upgraded Siri, claiming that the new Siri was taking longer to complete than the company expected, and it should come out later this year. The U.S. Department of Justice also stood firm — as it did during the prior administration — in asking a federal judge to block Google from paying Apple and other companies to secure its search engine as a default on smartphones and other devices."
An Apple store displaying the latest in consumer electronics, from smartphones to wearables.
Apple Inc. (NASDAQ:AAPL) is in 8th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 159 hedge fund portfolios held Apple Inc. (NASDAQ:AAPL) at the end of the first quarter, which was 166 in the previous quarter. While we acknowledge the potential of Apple Inc. (NASDAQ:AAPL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.
