Contravisory Investment Management Q2 Portfolio Shifts: Major Buys in Semiconductors

As of Contravisory Investment Management, Inc.'s latest filing dated June 30, 2026, the firm's portfolio has undergone notable changes during Q2. The total value of holdings increased substantially due to large purchases in specific sectors and the exit from others.

The most striking activity involves significant buying in Technology stocks. Investor Contravisory notably purchased a substantial number of shares in KLA Corporation (KLAC), increasing its position by 856% during the quarter, which now accounts for approximately $23.6 million or 4.17% of the total portfolio value. This was one of the largest share increases seen.

Additionally, Contravisory made a considerable purchase in ASML Holding NV (ASML), boosting its stake significantly and adding this high-value stock to their holdings at $11.2 million or 1.97% allocation. Another Technology holding saw strong buying activity: Amphénol Corporation (APH) increased by 657%, also contributing a notable portion of the portfolio.

In contrast, Contravisory demonstrated significant selling in certain sectors during Q2. The exit from Bank of America Corp (BAC), a major Financial Services holding previously valued at $1.4 million and accounting for 0.25% allocation, was particularly noteworthy with an 88.73% reduction in shares.

The firm also completely exited Netflix Inc. (NFLX) and Palantir Technologies Inc. (PLTR), reducing their Communication Services holdings to zero from previous positions. Furthermore, they sold a portion of Howmet Aerospace Inc. (HWM) and reduced exposure slightly in other Technology names like Cisco Systems Inc. (CSCO).

Overall portfolio changes reflect both strategic additions and exits. While the firm maintained its core focus on sectors like Technology, showing strong buying interest, it simultaneously shed significant weight from Financial Services holdings such as JPMorgan Chase & Co. (JPM) and exited other small positions entirely.