Alkeon Capital Sells $2 Billion in Lam Research Shares

Hedge fund reduces stake in semiconductor equipment maker by 24.5%

Mar. 15, 2026 at 7:23am

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Alkeon Capital Management LLC, a major hedge fund, has reduced its holdings in Lam Research Corporation (NASDAQ:LRCX) by 24.5%, selling 2,084,000 shares in the third quarter. Alkeon Capital now owns 6,420,456 shares of the semiconductor company's stock, making it Lam Research's 10th largest institutional investor.

Why it matters

Lam Research is a leading manufacturer of semiconductor fabrication equipment, so changes in major investor holdings can signal shifts in market sentiment around the company and the broader semiconductor industry.

The details

According to a recent SEC filing, Alkeon Capital sold 2,084,000 shares of Lam Research, reducing its stake in the company to 6,420,456 shares. Alkeon Capital previously owned 0.51% of Lam Research's outstanding shares, but that ownership percentage has now fallen to 0.38%. The hedge fund cited portfolio rebalancing as the reason for the share sale.

  • Alkeon Capital made the share sale in the third quarter of 2026.

The players

Alkeon Capital Management LLC

A major hedge fund that has been a significant institutional investor in Lam Research Corporation.

Lam Research Corporation

A global supplier of wafer fabrication equipment and services to the semiconductor industry, headquartered in Fremont, California.

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The takeaway

Alkeon Capital's reduction in its Lam Research holdings could signal a broader shift in investor sentiment around the semiconductor equipment maker and the industry as a whole. However, Lam Research remains a top-10 holding for the hedge fund, indicating it still sees long-term value in the company.