Coatue Management Reduces Stake in Lam Research

Hedge fund cuts position in semiconductor equipment maker by 5.3%

Mar. 15, 2026 at 10:37am

Got story updates? Submit your updates here. ›

Coatue Management LLC, a prominent hedge fund, has reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 5.3% during the third quarter, according to a recent SEC filing. The firm now owns 9,954,492 shares of the semiconductor company's stock, down from 10,507,492 shares previously.

Why it matters

Lam Research is a key supplier of wafer fabrication equipment and services to the semiconductor industry. Changes in major institutional investors' holdings can signal shifts in market sentiment and future performance expectations for the company.

The details

According to the 13F filing, Coatue Management sold 553,000 shares of Lam Research during the third quarter. The hedge fund now owns approximately 0.79% of Lam Research, which is valued at $1.33 billion. Lam Research makes up 3.3% of Coatue's overall portfolio.

  • Coatue Management filed the 13F report for the third quarter of 2026.

The players

Coatue Management LLC

A prominent hedge fund that has reduced its position in semiconductor equipment maker Lam Research.

Lam Research Corporation

A global supplier of wafer fabrication equipment and services to the semiconductor industry.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Coatue Management's stake in Lam Research could signal a shift in market sentiment around the semiconductor equipment maker, though the overall holding remains substantial. Investors will be watching to see if other major institutional investors follow suit or if Coatue's move is an isolated event.