Totem Point Management
New York, NYfiles as Totem Point Management, LLC
$163m in 18 US stocks at the end of 30 June 2026. The top 10 are 85.7% of the money. It changed about 44.4% of the portfolio this quarter.
Value
$163m
Stocks
18
Top 10 share
85.7%
Turnover
44.4%
What changed this quarter
New
Bought for the first time this quarter.
- Cerebras SystemsCBRS24.5% of the fund
- NokiaNOK4.8% of the fund
- Amkor TechnologyAMKR1.9% of the fund
- Western DigitalWDC1.2% of the fund
- Bloom EnergyBE0.7% of the fund
Added
Bought more of a stock they already held.
- Taiwan Semiconductor ManufacturingTSM9.5% of the fund+51%
- Lam ResearchLRCX9.0% of the fund+81%
- TeradyneTER6.5% of the fund+7%
- Micron TechnologyMU5.5% of the fund+253%
- Lattice SemiconductorLSCC5.0% of the fund+54%
- S&P GlobalSPGI4.7% of the fund+62%
- GE VernovaGEV2.7% of the fund+423%
Cut
Sold some of their stake.
- NvidiaNVDA8.3% of the fund-11%
- Advanced Micro DevicesAMD7.8% of the fund-48%
- Marvell TechnologyMRVL4.7% of the fund-42%
- ON SemiconductorON1.6% of the fund-79%
- Spotify TechnologySPOT1.1% of the fund-70%
- Take TWO Interactive SoftwareTTWO0.5% of the fund-87%
Sold out
Sold their entire stake.
- Hewlett Packard EnterpriseHPE-100%
- CME GroupCME-100%
- Liberty MediaFWONK-100%
- Nebius GroupNBIS-100%
Holdings
- Cerebras SystemsCBRS
- Share
- 24.5%
- Value
- $40m
- Shares
- 180,953
New
- NokiaNOK
- Share
- 4.8%
- Value
- $8m
- Shares
- 588,923
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Cerebras SystemsCBRS | 24.5% | $40m | 180,953 | New |
| Taiwan Semiconductor ManufacturingTSM | 9.5% | $16m | 32,684 | +51% |
| Lam ResearchLRCX | 9.0% | $15m | 33,914 | +81% |
| NvidiaNVDA | 8.3% | $14m | 67,858 | -11% |
| Advanced Micro DevicesAMD | 7.8% | $13m | 21,892 | -48% |
| TeradyneTER | 6.5% | $11m | 22,032 | +7% |
| Micron TechnologyMU | 5.5% | $9m | 7,800 | +253% |
| Lattice SemiconductorLSCC | 5.0% | $8m | 53,873 | +54% |
| NokiaNOK | 4.8% | $8m | 588,923 | New |
| Marvell TechnologyMRVL | 4.7% | $8m | 26,039 | -42% |
| S&P GlobalSPGI | 4.7% | $8m | 18,909 | +62% |
| GE VernovaGEV | 2.7% | $4m | 3,740 | +423% |
| Amkor TechnologyAMKR | 1.9% | $3m | 36,195 | New |
| ON SemiconductorON | 1.6% | $3m | 27,955 | -79% |
| Western DigitalWDC | 1.2% | $2m | 3,052 | New |
| Spotify TechnologySPOT | 1.1% | $2m | 3,746 | -70% |
| Bloom EnergyBE | 0.7% | $1m | 3,585 | New |
| Take TWO Interactive SoftwareTTWO | 0.5% | $782,687 | 3,131 | -87% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 72.1% since 30 June 2025.
Where the money is
Technology85.6%
Financial services4.7%
Industrials3.4%
Media & telecom1.5%
Other4.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.