Totem Point Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Totem Point Management, LLC reported 18 stock positions worth $163.5 million. Its top holding was Cerebras Systems Class A (CBRS) at 24.5% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 9.5%) and Lam Research (LRCX, 9.0%). Compared with Q1 2026, it opened 5 new positions, sold out of 4, added to 7 and reduced 6. The biggest buy was a new position in Cerebras Systems Class A (CBRS) and the biggest sale On Semiconductor (ON, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001759364
- Portfolio Value
- $163.5M (Q2 2026)
- SEC Filing
- 0001759364-26-000010 ↗ filed Aug 14, 2026
Holdings Value
Holdings 18 stocks · $163.5M
| CBRS Cerebras Systems Inc. Class A | 24.46% | 180,953 | $40.0M | New |
| TSM Taiwan Semiconductor-SP ADR | 9.55% | 32,684 | $15.6M | Add +50.8% |
| LRCX Lam Research Corp. | 8.99% | 33,914 | $14.7M | Add +80.9% |
| NVDA Nvidia Corp. | 8.31% | 67,858 | $13.6M | Reduce -11.5% |
| AMD Advanced Micro Devices | 7.78% | 21,892 | $12.7M | Reduce -48.2% |
| TER Teradyne Inc. | 6.52% | 22,032 | $10.7M | Add +7.1% |
| MU Micron Technology Inc. | 5.51% | 7,800 | $9.0M | Add +253.3% |
| LSCC Lattice Semiconductor Corp. | 5.04% | 53,873 | $8.2M | Add +53.8% |
| NOK Nokia Corp.-Spon ADR | 4.78% | 588,923 | $7.8M | New |
| MRVL Marvell Technology Inc. | 4.75% | 26,039 | $7.8M | Reduce -41.8% |
| SPGI S&P Global Inc. | 4.71% | 18,909 | $7.7M | Add +61.9% |
| GEV GE Vernova Inc. | 2.69% | 3,740 | $4.4M | Add +423.1% |
| AMKR Amkor Technology Inc. | 1.91% | 36,195 | $3.1M | New |
| ON On Semiconductor | 1.62% | 27,955 | $2.6M | Reduce -79.4% |
| WDC Western Digital Corp. | 1.19% | 3,052 | $1.9M | New |
| SPOT Spotify Technology SA | 1.05% | 3,746 | $1.7M | Reduce -70.2% |
| BE Bloom Energy Corp. Class A | 0.66% | 3,585 | $1.1M | New |
| TTWO Take-Two Interactive Softwre | 0.48% | 3,131 | $783K | Reduce -86.7% |
Portfolio Sells Q1 2026 → Q2 2026
| ON On Semiconductor | Reduce -79.4% | 1.62% | −9.10 |
| NVDA Nvidia Corp. | Reduce -11.5% | 8.31% | −8.75 |
| SPOT Spotify Technology SA | Reduce -70.2% | 1.05% | −6.73 |
| TTWO Take-Two Interactive Softwre | Reduce -86.7% | 0.48% | −5.45 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −3.22 |
| AMD Advanced Micro Devices | Reduce -48.2% | 7.78% | −3.18 |
| CME Cme Group Inc. | Sold out | 0.00% | −2.83 |
| FWONK Liberty Media Corp. Class C | Sold out | 0.00% | −1.00 |
| MRVL Marvell Technology Inc. | Reduce -41.8% | 4.75% | −0.91 |
| NBIS Nebius Group NV | Sold out | 0.00% | −0.37 |
Portfolio Buys Q1 2026 → Q2 2026
| CBRS Cerebras Systems Inc. Class A | New | 24.46% | +24.46 |
| NOK Nokia Corp.-Spon ADR | New | 4.78% | +4.78 |
| MU Micron Technology Inc. | Add +253.3% | 5.51% | +4.56 |
| LRCX Lam Research Corp. | Add +80.9% | 8.99% | +3.88 |
| AMKR Amkor Technology Inc. | New | 1.91% | +1.91 |
| GEV GE Vernova Inc. | Add +423.1% | 2.69% | +1.89 |
| WDC Western Digital Corp. | New | 1.19% | +1.19 |
| LSCC Lattice Semiconductor Corp. | Add +53.8% | 5.04% | +0.89 |
| BE Bloom Energy Corp. Class A | New | 0.66% | +0.66 |
| TSM Taiwan Semiconductor-SP ADR | Add +50.8% | 9.55% | +0.20 |
| TER Teradyne Inc. | Add +7.1% | 6.52% | −1.26 |
| SPGI S&P Global Inc. | Add +61.9% | 4.71% | −1.63 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 18 | $163.5M | CBRS, TSM, LRCX, NVDA, AMD |
| Q1 2026 | 17 | $78.4M | NVDA, AMD, ON, TSM, SPOT |
| Q4 2025 | 14 | $100.2M | SPOT, SPGI, TSM, NVDA, TTWO |
| Q3 2025 | 15 | $112.1M | NVDA, TSM, TTWO, SPOT, MU |
| Q2 2025 | 12 | $95.0M | SPOT, SPGI, NVDA, TTWO, SE |
| Q1 2025 | 13 | $81.2M | SPGI, SPOT, TTWO, SE, TSM |
| Q4 2024 | 16 | $94.4M | SPGI, TSM, TTWO, BKNG, SPOT |
| Q3 2024 | 16 | $94.6M | SPOT, SPGI, NVDA, ADI, TSM |
| Q2 2024 | 15 | $68.3M | SPOT, SPGI, TSM, ADI, NVDA |
| Q1 2024 | 16 | $91.4M | SPGI, NVDA, MSCI, MU, TSM |