Totem Point Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Totem Point Management, LLC reported 17 stock positions worth $78.4 million. Its top holding was Nvidia (NVDA) at 17.1% of the portfolio, followed by Advanced Micro Devices (AMD, 11.0%) and On Semiconductor (ON, 10.7%). Compared with Q4 2025, it opened 8 new positions, sold out of 5, added to 3 and reduced 6. The biggest buy was a new position in Advanced Micro Devices (AMD) and the biggest sale Micron Technology (MU, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001759364
- Portfolio Value
- $78.4M (Q1 2026)
- SEC Filing
- 0001759364-26-000004 ↗ filed May 15, 2026
Holdings Value
Holdings 17 stocks · $78.4M
| NVDA Nvidia Corp. | 17.06% | 76,664 | $13.4M | Add +38.3% |
| AMD Advanced Micro Devices | 10.96% | 42,236 | $8.6M | New |
| ON On Semiconductor | 10.72% | 135,687 | $8.4M | Add +9.9% |
| TSM Taiwan Semiconductor-SP ADR | 9.35% | 21,681 | $7.3M | Reduce -43.1% |
| SPOT Spotify Technology SA | 7.78% | 12,576 | $6.1M | Reduce -38.2% |
| TER Teradyne Inc. | 7.78% | 20,567 | $6.1M | New |
| SPGI S&P Global Inc. | 6.34% | 11,682 | $5.0M | Reduce -48.3% |
| TTWO Take-Two Interactive Softwre | 5.93% | 23,524 | $4.6M | Reduce -40.3% |
| MRVL Marvell Technology Inc. | 5.66% | 44,747 | $4.4M | New |
| LRCX Lam Research Corp. | 5.11% | 18,747 | $4.0M | New |
| LSCC Lattice Semiconductor Corp. | 4.15% | 35,036 | $3.2M | New |
| HPE Hewlett Packard Enterprise | 3.22% | 106,124 | $2.5M | Reduce -73.9% |
| CME Cme Group Inc. | 2.83% | 7,503 | $2.2M | New |
| FWONK Liberty Media Corp. Class C | 1.00% | 9,179 | $780K | Add +58.6% |
| MU Micron Technology Inc. | 0.95% | 2,208 | $746K | Reduce -93.6% |
| GEV GE Vernova Inc. | 0.80% | 715 | $624K | New |
| NBIS Nebius Group NV | 0.37% | 2,819 | $292K | New |
Portfolio Sells Q4 2025 → Q1 2026
| MU Micron Technology Inc. | Reduce -93.6% | 0.95% | −8.86 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −8.44 |
| HPE Hewlett Packard Enterprise | Reduce -73.9% | 3.22% | −6.52 |
| SPGI S&P Global Inc. | Reduce -48.3% | 6.34% | −5.43 |
| BKNG Booking Holdings Inc. | Sold out | 0.00% | −4.19 |
| TTWO Take-Two Interactive Softwre | Reduce -40.3% | 5.93% | −4.14 |
| SPOT Spotify Technology SA | Reduce -38.2% | 7.78% | −4.00 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -43.1% | 9.35% | −2.20 |
| MCO Moody's Corp. | Sold out | 0.00% | −2.01 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −1.65 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −1.43 |
Portfolio Buys Q4 2025 → Q1 2026
| AMD Advanced Micro Devices | New | 10.96% | +10.96 |
| TER Teradyne Inc. | New | 7.78% | +7.78 |
| NVDA Nvidia Corp. | Add +38.3% | 17.06% | +6.74 |
| MRVL Marvell Technology Inc. | New | 5.66% | +5.66 |
| LRCX Lam Research Corp. | New | 5.11% | +5.11 |
| LSCC Lattice Semiconductor Corp. | New | 4.15% | +4.15 |
| ON On Semiconductor | Add +9.9% | 10.72% | +4.05 |
| CME Cme Group Inc. | New | 2.83% | +2.83 |
| GEV GE Vernova Inc. | New | 0.80% | +0.80 |
| FWONK Liberty Media Corp. Class C | Add +58.6% | 1.00% | +0.43 |
| NBIS Nebius Group NV | New | 0.37% | +0.37 |
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 |