Applied Materials Inc (AMAT) fell to 1.69% of Christopher Davis' Clipper Fund portfolio in 2026 Q2, from 2.19%, according to the NPORT-P filed with the SEC on August 27, 2026. The share count dropped 60% to 34.6K shares, and the position is worth about $25M and ranks 18th of 32 stocks by weight.
What did the 2026 Q2 filing report for AMAT?
As of June 30, 2026, from the NPORT-P filed August 27, 2026.
| Before | After | |
|---|---|---|
| Shares | 85.7K | 34.6K |
| Shares sold | -51.2K (60%) | |
| Reported value | $29.3M | $25M |
| Portfolio weight | 2.19% | 1.69% |
| Rank in portfolio | 18th of 32 |
How much did Christopher Davis cut AMAT?
Christopher Davis sold 51.2K shares of AMAT during 2026 Q2, cutting the stake from 85.7K to 34.6K. The reported value of the position fell by about $4.3M, from about $29.3M to about $25M.
Where does AMAT sit in the Christopher Davis portfolio?
AMAT ranks 18th of 32 stock positions in the Christopher Davis portfolio at 1.69%, below the fund's average stock position of 3%. The largest stock position is GOOGL at 7.75%. Next come COF at 6.97% and MKL at 5.92%. The three largest stocks together are 20.64% of the book. The AMAT cut was the 3rd largest of the quarter's 16 position changes by percent change to portfolio. Across the 2026 Q2 portfolio, Christopher Davis reported 32 stock positions, with 2 opened and 2 closed. The total portfolio value is about $1.5B, up 10% from the prior quarter.
How long has Christopher Davis held AMAT?
Christopher Davis first reported AMAT in the quarter ended March 31, 2020. The weight peaked at 6.08% in 2025 Q3. This is the second straight quarter of cuts. Last quarter the fund trimmed it by 68%. Every reported trade is on the Christopher Davis AMAT trade history page.
Did other funds buy or sell AMAT in 2026 Q2?
Among the other tracked funds that had filed for 2026 Q2 as of August 27, 2026, 9 hold AMAT. Of those, 6 trimmed the position this quarter and none added. The largest buyers of AMAT this quarter were Stephen Mandel and John Armitage. The largest sellers were Lewis Sanders, Chase Coleman III and William Von Mueffling. Every tracked holder of AMAT is on the AMAT ownership page.
FAQ
How many AMAT shares did Christopher Davis sell in 2026 Q2?
Christopher Davis sold 51.2K shares of AMAT, 60% of the position, leaving 34.6K shares.
What remains of the AMAT position of Christopher Davis?
Christopher Davis still holds 34.6K shares of AMAT, worth about $25M at June 30, 2026 prices.
How much of the Christopher Davis portfolio is AMAT now?
AMAT is 1.69% of the Christopher Davis portfolio, down from 2.19% a quarter earlier.
Did other funds trim AMAT in 2026 Q2?
Among the 9 other tracked funds that hold AMAT, 6 trimmed it in 2026 Q2 and none added to it.