Panagora Asset Management Inc 13F Portfolio & Top Holdings (Q2 2026)

The quarter reads as strictly one-sided accumulation for Panagora: all eight disclosed position changes are active adds, with no trims anywhere in the top-changes list. The scale sits squarely in semiconductors — Micron climbed from 0.62% to 2.03% of the book, AMD from 0.26% to 1.72%, Applied Materials roughly tripled, Lam Research rose about three-quarters, and Intel was scaled thirteenfold off a near-zero 0.05% base — while Nvidia shows the inverse wrinkle of a share-count increase alongside a weight decline from 7.23% to 6.93%, suggesting its price performance may have lagged the rest of the portfolio even as it was bought. Apple and Alphabet received only marginal adds, and the reported 0% turnover sitting beside eight purchases points more to a definitional quirk in the metric than to a genuinely frozen book.