2026-Q2 Nuveen, LLC 13F Filing: Nuveen lifts MU stake by +$3.46B in Q2 13F

Nuveen, LLC's 2026-Q2 13F shows the manager piling into semiconductor and AI-infrastructure names — MU, AMD, AMAT, SNDK and WDC fronted a 19-position add list — while cutting share counts across ten large-cap technology holdings. The filing also records an outright exit from HON and a bigger book, with disclosed positions rising from 3,224 to 3,735.

New Positions & Full Exits

No new positions appear among this quarter's largest reported changes; HON stands as the sole full exit.

Increased & Trimmed Positions

† Shares in these six lines were trimmed (real selling), but the dollar value rose because the stock-price gain exceeded the value of the shares sold — none of them are buys. On the add side, buying clustered in memory, storage and networking, with MU, SNDK, WDC, MRVL, GLW and DELL all moving materially up the book.

Portfolio Snapshot

Turnover climbed to 0.252497 from 0.213413, Industrials weight rose to 0.1022 from 0.0531, and Information Technology eased to 0.3721 from 0.4074. Mapped-value coverage improved sharply quarter-over-quarter.

Bottom Line

Nuveen rotated 2026-Q2 risk squarely into the semiconductor supply chain — active adds to MU, AMD, AMAT, SNDK, WDC, MRVL and GLW, funded partly through share-count cuts in MSFT, AAPL, NVDA, AVGO, LLY, INTC and LRCX, six of which still posted higher dollar values on price appreciation alone. HON was the lone position eliminated, exiting from a 0.35% weighting. Disclosed holdings expanded from 3,224 to 3,735 and turnover rose to 0.252497, while HHI slipped to 0.014057 from 0.014978 and the IT weight settled at 0.3721 versus 0.4074. Net read: a broader book, heavier trading, and modestly lower single-sector concentration.