Somerville Kurt F Increases Stake in Applied Materials

Hedge fund boosts position in semiconductor equipment maker by 295% in Q3

Mar. 1, 2026 at 8:55am

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Somerville Kurt F, a hedge fund, increased its position in Applied Materials, Inc. (NASDAQ:AMAT) by 295% in the third quarter, according to a regulatory filing. The firm now owns 17,424 shares of the manufacturing equipment provider's stock, valued at $3.57 million.

Why it matters

Applied Materials is a major supplier of equipment and services used in the production of semiconductor chips, display panels, and other advanced materials. Institutional investors' holdings in the company can signal confidence in the semiconductor industry's growth prospects.

The details

Somerville Kurt F acquired an additional 13,013 shares of Applied Materials during the third quarter, bringing its total position to 17,424 shares. The hedge fund's holdings in the company were worth $3.57 million at the end of the quarter. Several other institutional investors and hedge funds have also recently adjusted their stakes in Applied Materials.

  • Somerville Kurt F increased its position in Applied Materials in the third quarter of 2026.

The players

Somerville Kurt F

A hedge fund that increased its stake in Applied Materials by 295% in the third quarter of 2026.

Applied Materials, Inc.

A U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials.

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The takeaway

Somerville Kurt F's significant increase in its position in Applied Materials suggests the hedge fund sees growth potential in the semiconductor equipment maker, which could signal broader confidence in the industry's outlook.