Oak Associates Ltd Q2 2026: Major Technology Buys and Selective Sells
Oak Associates Ltd significantly increased its holdings in KLA Corporation (KLAC) by over 850% during the quarter ending June 30, 2026. The firm also added new positions like ASML Holdings while reducing exposure to several large-cap tech and internet stocks.
Oak Associates Ltd has made notable changes to its portfolio in the second quarter of 2026, as evidenced by this period's filing on June 30th. The investment firm demonstrated a clear preference for Technology sector holdings while also adding exposure to Energy and Healthcare through new positions.
The most significant buying activity during this reporting period involved KLA Corporation (KLAC). Oak increased its stake in KLAC substantially, acquiring an additional 530,950 shares representing a portfolio percentage allocation jump from the previous quarter. This aggressive position increase suggests strong confidence in KLAC's prospects.
Besides the major Technology investment in KLA Corporation, Oak also demonstrated considerable conviction by establishing new positions this quarter. Notable additions include ASML Holdings (ASML), purchased entirely anew at a value of $21.3 million. The firm simultaneously added exposure to Energy sector through Devon Energy Corp (DVN) and Healthcare via Oscar Health, Inc. (OSCR).
Conversely, Oak Associates Ltd reduced its positions in several Technology and Internet companies during Q2 2026. This includes a decrease of Broadcom Limited (AVGO) by nearly 9.5%, Adobe Inc. (ADBE) saw a reduction, and NetApp Inc. (NTAP) experienced a significant decline in its stake.
The firm also trimmed its Technology exposure through KLA Corporation's prior period position increase being unusually large compared to the current portfolio allocation of just 10%. Additionally, Oak exited its investment in Meta Platforms, Inc. (META), which now has zero holdings according to this filing.
Overall, Oak Associates Ltd appears focused on Technology but with a nuanced approach that includes targeted buys and strategic exits within major tech names. The firm's portfolio percentage allocation data shows Technology remains the dominant sector at 45.85%, while its new position additions signal diversification into other growth areas.