Fisher Asset Management Reduces Stake in Applied Materials

Hedge fund cuts holdings in semiconductor equipment maker by 4.9% in Q3

Published on Mar. 4, 2026

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Fisher Asset Management LLC reduced its holdings in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 4.9% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The fund now owns 275,817 shares of the manufacturing equipment provider's stock, valued at $56,471,000.

Why it matters

Applied Materials is a key supplier of equipment and software used in the production of semiconductor chips, display panels, and other advanced materials. Changes in ownership by major institutional investors like Fisher Asset Management can signal shifts in market sentiment and expectations around the company's performance.

The details

According to the 13F filing, Fisher Asset Management sold 14,176 shares of Applied Materials during the third quarter. The fund now holds a total of 275,817 shares, down from 290,093 shares at the end of the prior quarter. Applied Materials' stock has seen significant volatility in recent months amid broader market swings and changing dynamics in the semiconductor industry.

  • Fisher Asset Management filed its 13F report for the third quarter on 2026-03-04.

The players

Fisher Asset Management LLC

A hedge fund that manages over $200 billion in assets and is one of the largest institutional investors in Applied Materials.

Applied Materials, Inc.

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

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The takeaway

The reduction in Fisher Asset Management's stake in Applied Materials reflects the volatility and uncertainty in the semiconductor equipment market, as investors weigh factors like chip demand, supply chain challenges, and the broader economic outlook. However, Applied Materials remains a critical player in the industry, and changes in major institutional ownership can signal shifting market dynamics.