Fayez Sarofim & Co Q2 2026 Investment Activity: Focus on Technology Buys, Reductions in Consumer Cyclical
Fayez Sarofim & Co's portfolio saw significant changes during the second quarter of 2026. The investor notably increased positions in Broadcom (AVGO) and CAT Inc., while reducing holdings in Amazon (AMZN), Alphabet (GOOG), and NVIDIA.
Fayez Sarofim & Co, a prominent investment firm known for its selective portfolio management, reported substantial changes to its holdings during the second quarter of 2026. The filing provides insights into specific stock purchases and sales, reflecting the dynamic nature of their investment strategy.
Major Purchases in Q2
The most significant buying activity this quarter involved several companies primarily within the Technology sector. Fayez Sarofim & Co notably increased its stake in Broadcom Inc (AVGO), acquiring an additional 1,350,533 shares representing a staggering 27.12% increase.
Additionally, the investor showed strong interest in CAT Inc (CAT), acquiring 468,095 new shares (a change of +310.21% from the prior period). This suggests a significant new position or substantial reinforcement of an existing one for this industrial equipment manufacturer.
Furthermore, investments were made in well-established Technology names like Microsoft (MSFT), where they added 571,842 shares (MSFT). The investor also bolstered their position in Texas Instruments Inc (TXN) by adding 292,162 new shares (a change of +310.21% from the prior period) and acquired a small stake in Costar Group Inc (CSGP), indicating diversification into Real Estate.
Reductions and Exits
Fayez Sarofim & Co also demonstrated significant reductions in certain sectors during Q2. The portfolio saw a sharp decline in its Consumer Cyclical holdings, primarily driven by the divestment of Amazon (AMZN). They sold 258,173 shares (a change of -3.19% from the prior period), reducing their stake considerably.
The reduction was even more pronounced in Healthcare and Technology sectors for certain holdings. For instance, they sold a substantial portion of Alphabet Inc (GOOG) stock, divesting 528,490 shares (GOOG) with a -96.78% change in shares.
In the Technology sector specifically, they also sold 1,003,924 shares of NVIDIA Corp (NVDA), representing an approximate -15.59% reduction. This contrasts with their purchase of CAT Inc stock mentioned above.
New Positions and Minor Activity
While the Technology sector dominated the buying activity, other sectors also saw changes. The investor noted a new position in BANCO Bilbao Vizcaya (BBVA), acquiring 630,340 shares (BBVA). This addition falls within the Financial Services sector.
Other notable changes include a new stake in Kemper Corp (KMPR), acquiring 373,687 shares (a change of +310.21% from the prior period) and investing in Intuit Inc (INTU) with an increase of 652,351 shares (INTU). These additions further diversify their Technology exposure.
The filing also details the exit from several positions. Notably, they sold all holdings of Astellas plc (AZN), reducing shares by -4,079,047 (-95.78% change). Similarly, they completely divested their stake in Braskys Ltd (BR) and Verisk Analytics Inc (VRSK), which saw a massive reduction of 549,929 shares.
In summary, Fayez Sarofim & Co's Q2 activity involved targeted buying in specific Technology stocks like Broadcom and CAT, alongside significant reductions or exits from positions in Amazon, Alphabet, and several other sectors. Their portfolio continues to be concentrated but shows movement towards certain high-growth areas while trimming others.