Lord Abbett Q2 2026 Investment Activity: Focus on Tech, Shifts in Healthcare and Financial Services

Lord Abbett & Co. Llc reported its investment activity for the second quarter of 2026 (as_of_date: 2026-06-30). The firm's portfolio, valued at $32,238,675 as of this date, showed a mix of buying and selling activities across various sectors.

Prominent Purchases in Q2 2026

Several holdings within Lord Abbett's portfolio experienced significant increases during the quarter. The Technology sector saw notable additions, including NVIDIA Corporation (NVDA), which increased its share count by 2.59% and now accounts for a substantial allocation of $4.59 million.

Other major purchases included Alphabet Inc CAP STK (GOOGL), with shares rising by 20.75% and its value now representing a portfolio percentage allocation of $3.8 million.

Within Financial Services, both JPMorgan Chase & Co (JPM) and Morgan Stanley (MS) saw increases in their positions during Q2 2026.

The firm also initiated new or significantly increased positions in other areas, such as Apple Inc (AAPL), which now holds $1.3 million worth of shares, and several companies across different sectors including Lam Research Corp (LRCX) ($1.93 million), Broadcom Inc (AVGO) ($634,530), and others like Taiwan Semiconductor Manufac Sponsored (TSM), Eli Lilly & Co (LLY), Microsoft Corp (MSFT), CVS Health Corp (CVS), Gilead Sciences Inc (GILD), and more.

Significant Reductions or Exits

Conversely, Lord Abbett reduced its exposure in several key holdings during Q2 2026. Notably, Gilead Sciences Inc (GILD) saw a dramatic decrease of -53.52% in shares and effectively exited the position (-98.13%), reducing its allocation to $0.

The firm also significantly trimmed positions, including Gilead Sciences (though it's now gone), Schwab Charles Corp (SCHW), and exited entirely from positions in companies like LyonDELLBASELL Industries NV (-98.13%) and Arcos Dorados Hldgs Inc (G0457F107) (-66.35%). Other holdings like Taiwan Semiconductor, Microsoft Corp (MSFT), and CMS Energy Corp (CMS) also experienced substantial reductions.

New Positions and Minor Activity

The data indicates that Lord Abbett took positions in several stocks during this quarter, including those like Bank of NY Mellon Corp (BK), which now holds $0.59 million worth of shares.

Additionally, the firm engaged with smaller holdings or made minor adjustments in stocks such as WisdomTree Inc (WT), Willscot Hldgs Corp (WSC), Planet Labs Pbc (PL), Schwab Charles Corp (despite a large sell), and others like Carvana Co (CVNA).

Overall Portfolio Context

The portfolio's holdings are distributed across various sectors, with Technology being the largest allocation at $9.08 million (28.17%), followed by Industrials ($5.41 million or 16.78%) and Healthcare ($4.19 million or 13.0%). Financial Services holds a significant portion as well, valued at $3.74 million (11.61%).

The overall portfolio turnover rate is high, reflecting substantial changes in holdings over the quarter.