John Armitage's Egerton Capital disclosed a significant new investment in Applied Materials (AMAT), a leading provider of equipment and software for the semiconductor industry. The London-based firm acquired 521,070 shares valued at approximately $376.73 million, making the holding a new 3.64% position in its reported portfolio.
This trade was revealed in a quarterly 13F filing, which is a delayed disclosure and reflects a position held as of June 30, 2026. The investment occurred during a strong second quarter for Applied Materials, which saw record revenue driven by demand related to artificial intelligence infrastructure.