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Soumya Eswaran
Tue, July 28, 2026 astatine 9:08 AM CDT 3 min read
Columbia Threadneedle Investments, an concern absorption company, released its "Columbia Seligman Global Technology Fund" 2nd 4th 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. During the quarter, the Fund's Institutional Class shares returned 50.34%, outperforming the MSCI World Information Technology Index's 33.65% gain. Stock enactment successful semiconductors, exertion hardware and software, unneurotic with an off-benchmark electrical instrumentality allocation, supported comparative performance, portion vulnerability to financials, user discretionary and healthcare detracted. Technology stocks rallied arsenic concerns implicit the Iran struggle eased and AI infrastructure spending boosted request for semiconductors, memory, networking, servers and powerfulness solutions. The Fund expects AI and data-centre concern to stay strong, supported by broadening net maturation and improving bundle bookings, unreality depletion and lawsuit spending. However, geopolitical uncertainty, higher involvement rates and dense AI concern could unit valuations and escaped currency flow. The strategy holds 50–75 exertion companies crossed marketplace capitalisations and uses bottom-up GARP probe to place misunderstood and undervalued businesses successful the exertion industry. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.
In its second-quarter 2026 capitalist letter, Columbia Seligman Global Technology Fund highlighted Western Digital Corporation (NASDAQ:WDC). Western Digital Corporation (NASDAQ:WDC) develops, manufactures, and sells information retention devices and solutions based connected hard disk thrust (HDD) technology. On July 27, 2026, Western Digital Corporation (NASDAQ:WDC) closed astatine $497.92 per share. One-month instrumentality of Western Digital Corporation (NASDAQ:WDC) was -31.70% and its shares gained 517.82% implicit the past 52 weeks. Western Digital Corporation (NASDAQ:WDC) has a marketplace capitalization of astir $150.67 billion.
Columbia Seligman Global Technology Fund stated the following regarding Western Digital Corporation (NASDAQ:WDC) in its Q2 2026 capitalist letter:
"The presumption successful Western Digital Corporation (NASDAQ:WDC) was a cardinal contributor arsenic the fund maintained an overweight allocation to the name, and the banal continued an outstanding six-quarter tally with its stock terms much than doubling during the quarter. The rally successful the banal was a continuation of request for high-capacity hard drives and the anticipation that tighter manufacture proviso subject should enactment amended pricing and profitability."
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