Technology investor Brad Gerstner's Altimeter Capital disclosed a new stake in semiconductor equipment giant Lam Research valued at approximately $170.77 million. The position, consisting of 394,080 shares, was revealed in a quarterly report and represents 1.74% of the firm's public equity portfolio.
As with all 13F filings, this disclosure reflects trades made during the second quarter ending June 30, 2026, and made public on August 14. The move aligns with Gerstner's public thesis of investing in the essential "picks and shovels" of the AI buildout. [5] During the same period, Lam Research reported strong earnings and provided bullish forward guidance, citing soaring demand driven by the AI supercycle. [3]