Nordea Investment Management Trims Lam Research Stake

Institutional investor reduces position in semiconductor equipment maker by over 34%

Mar. 22, 2026 at 10:07am

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Nordea Investment Management AB, an institutional investor, has reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 34.6% in the fourth quarter, according to a recent 13F filing with the SEC. The firm now owns 7,403,443 shares of the semiconductor company's stock, down from 11,312,752 shares previously.

Why it matters

Lam Research is a major supplier of wafer fabrication equipment and services to the semiconductor industry. Institutional investors closely monitor their holdings in key technology companies like Lam, as changes in ownership can signal shifts in market sentiment or investment strategies.

The details

According to the 13F filing, Nordea Investment Management sold 3,909,309 shares of Lam Research in the fourth quarter. The firm now owns approximately 0.59% of Lam Research's outstanding shares, down from 0.90% previously. Nordea Investment Management cited the reduction as part of its regular portfolio management activities.

  • Nordea Investment Management filed the 13F report for the fourth quarter on March 22, 2026.

The players

Nordea Investment Management AB

A global asset management firm and one of the largest institutional investors in the Nordic region.

Lam Research Corporation

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

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The takeaway

This filing highlights the ongoing shifts in institutional ownership of major semiconductor companies like Lam Research, as investors adjust their portfolios in response to market conditions and investment strategies. The reduction in Nordea's stake does not necessarily indicate any broader concerns about Lam Research's business, but rather reflects the firm's own portfolio management decisions.