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 Lam Research Corporation (NASDAQ:LRCX). Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing equipment. The one-month return of Lam Research Corporation (NASDAQ:LRCX) was 14.09%, and its shares lost 9.06% of their value over the last 52 weeks. On June 25, 2025, Lam Research Corporation (NASDAQ:LRCX) stock closed at $96.02 per share, with a market capitalization of $122.821 billion.
Columbia Seligman Global Technology Fund stated the following regarding Lam Research Corporation (NASDAQ:LRCX) in its Q1 2025 investor letter:
"The portfolio’s holding in semiconductor equipment manufacturer Lam Research Corporation (NASDAQ:LRCX) contributed positively to performance as the stock moved higher during the first quarter. We are excited about the prospects for Lam Research, as the firm recently announced its ATLUS Halo, a tool that harnesses the capabilities of the metal molybdenum in the production of leading-edge semiconductors. Tungsten-based atomic layer deposition, pioneered by Lam, has been the predominant metallization technique for semiconductor chip deposition for over two decades, but the switch to molybdenum will help create memory and logic semiconductors for the future. Chip makers will need to shift beyond what is currently possible with tungsten, and this change will require many to update with Lam equipment, leading to increased sales. The fund also held a position in Japanese semiconductor company Renesas Electronics, which contributed to performance relative to the benchmark. The first quarter saw a large rotation to international stocks outperforming domestic securities, due primarily to concerns about U.S. tariffs, and the fund’s exposure to international firms like Renesas proved beneficial."
A technician operating an automated semiconductor processing machine with laser accuracy.
