Ameriprise Financial2026-Q2
Ameriprise Financial's 2026-Q2 13F marks a decisive pickup in trading activity: portfolio turnover printed 0.267009 after registering 0.0 in the prior quarter, and the MU position expanded from $1.11B to $5.01B. The firm bought semiconductors, payments names and broad-market ETFs, sold out of HON entirely, and established two new positions worth $750.4M and $740.9M.
| Ticker | Action | Value ($) | % of Portfolio |
|---|---|---|---|
| 438516205 | New Buy | $750.4M | 0.15% |
| 43849R105 | New Buy | $740.9M | 0.15% |
| HON | Sold Out | $1.36B (pre-exit) | 0.31% (pre-exit) |
Both new entries are reported only under nine-digit CUSIP identifiers, with no issuer names disclosed in the filing extract; the HON exit removed a 0.31% portfolio weighting.
| Ticker | Action | Value Change | Weight Change (pts) |
|---|---|---|---|
| AAPL | Add | +$3.07B | +0.27pts |
| AVGO | Add | +$1.85B | +0.14pts |
| IVV | Add | +$1.31B | +0.14pts |
| MU | Add | +$3.90B | +0.75pts |
| V | Add | +$918.2M | +0.09pts |
| LLY | Add | +$853.9M | +0.09pts |
| VOO | Add | +$2.5M | +0.00pts |
| MS | Add | +$660.8M | +0.07pts |
| TSM | Add | +$887.5M | +0.13pts |
| PANW | Add | +$1.20B | +0.21pts |
| KLAC | Add | +$870.4M | +0.14pts |
| ANET | Add | +$947.2M | +0.16pts |
| IWD | Add | +$1.84B | +0.36pts |
| UNH | Add | +$928.5M | +0.16pts |
| APH | Add | +$788.1M | +0.15pts |
| SNDK | Add | +$685.8M | +0.14pts |
| NVDA | Trim † | +$2.29B | -0.01pts |
| GOOGL | Trim † | +$2.00B | +0.12pts |
| LRCX | Trim † | +$3.07B | +0.49pts |
| BE | Trim † | +$2.41B | +0.39pts |
| AMAT | Trim † | +$1.57B | +0.22pts |
| CSCO | Trim † | +$924.0M | +0.11pts |
| MRVL | Trim † | +$647.7M | +0.07pts |
| XOM | Trim | -$1.27B | -0.35pts |
| AMD | Trim † | +$1.16B | +0.21pts |
| NFLX | Trim | -$752.7M | -0.20pts |
| T | Trim | -$658.2M | -0.18pts |
† Applies to LRCX, BE, NVDA, GOOGL, AMAT, AMD, CSCO and MRVL: shares were trimmed (real selling), but the dollar value rose because the stock price gained more than the trimmed shares were worth -- NOT a buy.
Buying concentrated in memory and chip equipment -- MU, TSM, KLAC, APH and SNDK all scaled up -- while the only trims that reduced dollar value outright were XOM, NFLX and T.
| Metric | This Quarter | Prior Quarter |
|---|---|---|
| Holding Count | 4062 | 4012 |
| Turnover Ratio | 0.267009 | 0.0 |
| HHI | 0.006549 | 0.006345 |
| Mapped Value Ratio | 0.7406099584155804 | 0.7489993781394054 |
| Momentum Tilt (pct pts) | 0.020284 | 0.0 |
| Coefficient of Variation | 5.060394 | 4.94598 |
| Sector | This Quarter | Prior Quarter |
|---|---|---|
| Information Technology | 0.3617 | 0.3112 |
| Financials | 0.1236 | 0.1288 |
| Industrials | 0.1111 | 0.1099 |
| Health Care | 0.098 | 0.1018 |
| Communication Services | 0.0792 | 0.0858 |
| Consumer Discretionary | 0.0789 | 0.0859 |
| Consumer Staples | 0.0428 | 0.0509 |
| Energy | 0.0366 | 0.0512 |
| Utilities | 0.0289 | 0.033 |
| Real Estate | 0.0198 | 0.0211 |
| Materials | 0.0193 | 0.0204 |
Information Technology rose from 0.3112 to 0.3617 while Energy fell from 0.0512 to 0.0366, consistent with the XOM trim and the semiconductor adds; Industrials was the only other sector to gain weight, moving from 0.1099 to 0.1111.
Bottom Line: Ameriprise rotated hard into silicon this quarter: MU grew from $1.11B to $5.01B, with TSM, KLAC, APH and SNDK built up alongside it, lifting Information Technology from 0.3112 to 0.3617 of the book. Funding came partly from mega-cap tech trims -- eight of them (LRCX, BE, NVDA, GOOGL, AMAT, AMD, CSCO, MRVL) were genuine share reductions whose dollar values still rose on price gains -- plus outright value cuts to XOM, NFLX and T. HON was exited completely, and two new CUSIP-reported positions worth $750.4M and $740.9M were opened. With turnover at 0.267009 versus 0.0 last quarter and holdings up from 4012 to 4062, this filing documents active repositioning, not passive drift.