In a recent SEC disclosure for the second quarter of 2026, Lee Ainslie's Maverick Capital revealed a significant increase in its investment in Advanced Micro Devices (AMD). The fund boosted its holding by over 44%, from 676.6K shares to 976.3K shares. This raised the reported value of its position to $567.2 million, making AMD a top holding for the firm. As a 13F filing, this report reflects trades made in the quarter ending June 30, 2026, and not necessarily the fund's current position.
The move came during a strong quarter for AMD, which saw its revenue grow 50% year-over-year, largely driven by a 107% surge in its Data Center business. Reports indicate Maverick's increased stake in AMD was part of a broader rotation, trimming positions in other major chipmakers. This suggests a specific directional call on the AI GPU market, backing AMD as it scales deployments with major AI players.