Smith Group Asset Management Llc: Significant Technology & Healthcare Buys, Sells in Q3 2026

Smith Group Asset Management, Llc has demonstrated a dynamic portfolio strategy this quarter (ending June 30, 2026), with substantial buying and selling activities reported. The fund shows strong interest in Technology stocks while also making notable moves in Healthcare and exiting certain positions.

Prominent Purchases This Quarter

The most significant purchase by Smith Group this quarter was concentrated within the Technology sector, particularly impacting their holdings of KLA Corporation (KLAC). The fund increased its stake in KLAC dramatically, adding 399,209 shares which resulted in a portfolio weight increase from an unspecified previous level to approximately 5.6%.

Another Technology holding, Lam Research Corp (LRCX), also saw substantial buying activity with a share increase of over 414,810%. This translates directly into the fund acquiring significant additional shares in LRCX during this period.

Booking Holdings Inc. (BKNG) experienced another major purchase by Smith Group, adding 258,667 shares and boosting its portfolio allocation from a previous level to about 1.96%. This Consumer Cyclical stock also saw a significant percentage increase in its value within the fund.

DEXCOM Inc (DXCM), a Healthcare company specializing in continuous glucose monitoring systems, was added as a new position by Smith Group this quarter with an initial purchase of all shares held today at approximately 1.92% weight.

Notable Sales and Changes

In contrast to the buying activity, Smith Group also divested from certain holdings during Q3 2026. Kinross Gold Corp (KGC), a Basic Materials stock, saw its position drastically reduced by about 62.11% in terms of weight percentage.

The fund significantly decreased its stake in Workday Inc (WDAY). The share reduction was nearly complete at -95.4%, resulting in the Technology holding WDAY now representing just a tiny fraction, around 0.04%, of Smith Group's portfolio value.

Additionally, there were substantial reductions reported for other stocks like Canadian Imperial Bank Of Commerce (CM). The Financial Services stock CM saw its weight decrease by over 61.4% during the quarter.

Overall Portfolio Shifts

The overall portfolio turnover rate was high this period, reflecting active management with a significant number of holdings changing hands. Smith Group's focus appears to remain heavily weighted towards Technology and Financial Services sectors, which together accounted for approximately 35% + 10.95% = 46% of the total portfolio value as reported.

While specific details about other sales are limited in this disclosure, the pattern indicates a fund that actively adjusts its positions based on market opportunities and strategic decisions. The disclosed data provides valuable insights into their investment thesis for Q3 2026.