Vault-13

LAM RESEARCH CORP

COM · CUSIP 512807108 · ISIN US5128071082

41 institutional holders -6 vs Q1 2025
1,589,6501.6m shares reported held*
$154.5mreported value*
4 new 12 added 12 reduced 9 sold out net sold ≈ $352.8m (-3.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $97.20.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,272Q4 22: 1,345Q1 23: 1,362Q2 23: 1,433Q3 23: 1,450Q4 23: 1,630Q1 24: 1,728Q2 24: 1,788Q3 24: 1,338Q4 24: 92Q1 25: 47Q2 25: 4141Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20221,272
Q4 20221,345
Q1 20231,362
Q2 20231,433
Q3 20231,450
Q4 20231,630
Q1 20241,728
Q2 20241,788
Q3 20241,338
Q4 202492
Q1 202547
Q2 202541

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2k02kQ3 23: 624 bought or addedQ3 23: 641 cut or sold outQ4 23: 687 bought or addedQ4 23: 670 cut or sold outQ4 23Q1 24: 752 bought or addedQ1 24: 805 cut or sold outQ2 24: 821 bought or addedQ2 24: 750 cut or sold outQ2 24Q3 24: 625 bought or addedQ3 24: 1,014 cut or sold outQ4 24: 39 bought or addedQ4 24: 1,258 cut or sold outQ4 24Q1 25: 22 bought or addedQ1 25: 60 cut or sold outQ2 25: 16 bought or addedQ2 25: 21 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023624641
Q4 2023687670
Q1 2024752805
Q2 2024821750
Q3 20246251,014
Q4 2024391,258
Q1 20252260
Q2 20251621

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1bn$2bn$3bnQ3 24 calls: $2.1bnQ3 24 puts: $2.7bnQ3 24P/C 1.27Q4 24 calls: $2.0mQ4 24 puts: $6.2mQ4 24P/C 3.17Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$2.1bn$2.7bn1.27
Q4 2024$2.0m$6.2m3.17
Q1 2025$0$0—
Q2 2025$0$0—

Biggest buyers

CIBC WORLD MARKETS CORP Added +97,296+97.3k
Scott & Selber, Inc. Added +17,786+17.8k
Mediolanum International Funds Ltd Added +15,884+15.9k
BIRINYI ASSOCIATES INC New +7,000+7.0k
Sterling Investment Advisors, Ltd. New +3,991+4.0k
TAGStone Capital, Inc. New +3,000+3.0k
Virtue Capital Management, LLC New +2,374+2.4k
New England Research & Management, Inc. Added +1,683+1.7k
KIRTLAND HILLS CAPITAL MANAGEMENT, LLC Added +1,243+1.2k
KING LUTHER CAPITAL MANAGEMENT CORP Added +1,237+1.2k

Biggest sellers

DNB Asset Management AS Sold out -2,574,059-2.6m
MENORA MIVTACHIM HOLDINGS LTD. Sold out -1,059,280-1.1m
Harvest Fund Management Co., Ltd Reduced -40,386-40.4k
Applied Finance Capital Management, LLC Sold out -20,733-20.7k
Itau Unibanco Holding S.A. Reduced -19,737-19.7k
MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC Reduced -15,435-15.4k
LAKE STREET PRIVATE WEALTH, LLC Sold out -13,175-13.2k
Laraway Financial Advisors Inc Sold out -9,000-9.0k
Savoie Capital LLC Reduced -8,400-8.4k
ODDO BHF ASSET MANAGEMENT SAS Reduced -7,646-7.6k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CIBC WORLD MARKETS CORP 0.16% of their portfolio NEW YORK, NY 252,268252.3k $24.6m $24.6m 0.16% Added +97.3k +97,296
2 ODDO BHF ASSET MANAGEMENT SAS 0.81% of their portfolio PARIS, I0 218,287218.3k $21.2m $21.2m 0.81% Reduced -7.6k -7,646
3 Mediolanum International Funds Ltd 0.20% of their portfolio DUBLIN 1, L2 172,688172.7k $16.8m $16.8m 0.20% Added +15.9k +15,884
4 Covington Investment Advisors Inc. 2.40% of their portfolio LIGONIER, PA 172,355172.4k $16.8m $16.8m 2.40% Added +1.0k +1,010
5 Harvest Fund Management Co., Ltd 0.57% of their portfolio BEIJING, F4 123,398123.4k $12.0m $12.0m 0.57% Reduced -40.4k -40,386
6 KING LUTHER CAPITAL MANAGEMENT CORP 0.04% of their portfolio FORT WORTH, TX 97,89097.9k $9.5m $9.5m 0.04% Added +1.2k +1,237
7 CULLINAN ASSOCIATES INC 0.62% of their portfolio LOUISVILLE, KY 97,00097.0k $9.4m $9.4m 0.62% Unchanged
8 Savoie Capital LLC 0.90% of their portfolio CHICAGO, IL 74,40074.4k $7.2m $7.2m 0.90% Reduced -8.4k -8,400
9 MARCO INVESTMENT MANAGEMENT LLC 0.49% of their portfolio ATLANTA, GA 60,27060.3k $5.9m $5.9m 0.49% Unchanged
10 Joseph Group Capital Management 1.92% of their portfolio COLUMBUS, OH 58,63658.6k $5.7m $5.7m 1.92% Added +1.1k +1,119
11 Scott & Selber, Inc. 1.31% of their portfolio HOUSTON, TX 48,20648.2k $4.7m $4.7m 1.31% Added +17.8k +17,786
12 MONETARY MANAGEMENT GROUP INC 1.01% of their portfolio ST LOUIS, MO 42,28542.3k $4.1m $4.1m 1.01% Reduced -1.8k -1,750
13 IHT Wealth Management, LLC 0.06% of their portfolio Chicago, IL 23,83323.8k $2.3m $2.3m 0.06% Added +372 +372
14 MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 0.47% of their portfolio SAN FRANCISCO, CA 21,16921.2k $2.1m $2.1m 0.47% Reduced -15.4k -15,435
15 Accent Capital Management, LLC 0.90% of their portfolio CENTERVILLE, OH 20,77120.8k $2.0m $2.0m 0.90% Reduced -430 -430
16 Cohen Klingenstein LLC 0.05% of their portfolio NEW YORK, NY 15,00015.0k $1.5m $1.5m 0.05% Unchanged
17 KIRTLAND HILLS CAPITAL MANAGEMENT, LLC 0.47% of their portfolio BRATENAHL, OH 10,46810.5k $1.0m $1.0m 0.47% Added +1.2k +1,243
18 New England Research & Management, Inc. 0.36% of their portfolio CHICAGO, IL 7,8507.8k $764.0k $764.0k 0.36% Added +1.7k +1,683
19 DCF Advisers, LLC 0.35% of their portfolio MOUNT PLEASANT, SC 7,5007.5k $730.0k $730.0k 0.35% Unchanged
20 WD RUTHERFORD LLC 0.33% of their portfolio PORTLAND, OR 7,3737.4k $717.7k $717.7k 0.33% Unchanged
21 BIRINYI ASSOCIATES INC 0.20% of their portfolio Westport, CT 7,0007.0k $681.0k $681.0k 0.20% New
22 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.01% of their portfolio PORTLAND, OR 6,5656.6k $639.0k $639.0k 0.01% Reduced -510 -510
23 KEYNOTE FINANCIAL SERVICES LLC 0.37% of their portfolio VERNON, CT 5,7145.7k $556.2k $556.2k 0.37% Reduced -9 -9
24 Ironwood Investment Counsel, LLC 0.08% of their portfolio SCOTTSDALE, AZ 5,6305.6k $548.1k $548.1k 0.08% Reduced -6 -6
25 Berbice Capital Management LLC 0.33% of their portfolio MELVILLE, NY 4,8004.8k $467.2k $467.2k 0.33% Added +100 +100
26 Sterling Investment Advisors, Ltd. 0.09% of their portfolio BERWYN, PA 3,9914.0k $388.5k $388.5k 0.09% New
27 Grassi Investment Management 0.03% of their portfolio SANTA CLARA, CA 3,8003.8k $370.0k $370.0k 0.03% Reduced -200 -200
28 Poehling Capital Management, INC. 0.08% of their portfolio MADISON, WI 3,3003.3k $321.2k $321.2k 0.08% Unchanged
29 TAGStone Capital, Inc. 0.13% of their portfolio CHARLOTTE, NC 3,0003.0k $305.2k $305.2k 0.13% New
30 49 WEALTH MANAGEMENT, LLC 0.03% of their portfolio AUSTIN, TX 2,7172.7k $264.5k $264.5k 0.03% Reduced -260 -260
31 West Oak Capital, LLC 0.10% of their portfolio WESTLAKE VILLAGE, CA 2,6502.6k $2.6k $2.6k 0.10% Unchanged
32 Virtue Capital Management, LLC 0.04% of their portfolio BRENTWOOD, TN 2,3742.4k $231.1k $231.1k 0.04% New
33 Cascades Capital Asset Management, LLC 0.10% of their portfolio GREENSBORO, NC 2,0942.1k $203.8k $203.8k 0.10% Added +8 +8
34 Itau Unibanco Holding S.A. 0.00% of their portfolio SAO PAULO, D5 1,4501.4k $106.6k $106.6k 0.00% Reduced -19.7k -19,737
35 NBT BANK, N.A. 0.01% of their portfolio NORWICH, NY 1,3001.3k $126.5k $126.5k 0.01% Unchanged
36 Byrne Asset Management LLC 0.07% of their portfolio KINGSTON, NJ 1,0701.1k $104.2k $104.2k 0.07% Unchanged
37 OGOREK ANTHONY JOSEPH /NY/ /ADV 0.01% of their portfolio WILLIAMSVILLE, NY 270270 $26.0k $26.0k 0.01% Added +48 +48
38 Stuart Chaussee & Associates, Inc. 0.00% of their portfolio BEVERLY HILLS, CA 180180 $17.5k $17.5k 0.00% Unchanged
39 WFA Asset Management Corp 0.05% of their portfolio WHITEFISH BAY, WI 8787 $92.7k $92.7k 0.05% Unchanged
40 BERKSHIRE CAPITAL HOLDINGS INC 0.00% of their portfolio San Jose, CA 1010 $973 $973 0.00% Unchanged
41 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $814 $814 0.00% Unchanged