Columbia Threadneedle Investments, an investment management company, released its first-quarter 2026 investor letter for the “Columbia Global Technology Growth Fund”. A copy of the letter is available to download here. In Q1 2026, the Fund’s institutional Class shares fell –6.05%, outperforming the S&P Global 1200 Information Technology Index, which declined –6.57%. Positive performance was mainly due to security selection in semiconductor and AI infrastructure companies, along with an underweight position in software and IT services. Broad markets declined amid a reversal in market dynamics, with energy and commodities surging while growth and tech fell sharply. The letter highlighted that, despite geopolitical risks and uncertainty, the U.S. economy continues to show resilience. In addition, you can check the Fund’s top 5 holdings for its best picks for 2026.
In its first-quarter 2026 investor letter, Columbia Global Technology Growth Fund highlighted ASML Holding N.V. (NASDAQ:ASML) as a notable contributor. ASML Holding N.V. (NASDAQ:ASML) is a Dutch-based semiconductor company that provides lithography solutions. On June 15, 2026, ASML Holding N.V. (NASDAQ:ASML) stock closed at $1,892.66 per share. One-month return of ASML Holding N.V. (NASDAQ:ASML) was 27.29%, and its shares gained 144.48% over the past 52 weeks. ASML Holding N.V. (NASDAQ:ASML) has a market capitalization of $729.46 billion.
Columbia Global Technology Growth Fund stated the following regarding ASML Holding N.V. (NASDAQ:ASML) in its Q1 2026 investor letter:
“Semiconductor capital equipment companies — including Lam Research (LRCX), Applied Materials (AMAT), ASML Holding N.V. (NASDAQ:ASML) and Taiwan Semiconductor Manufacturing Co. (TSM) — delivered strong first-quarter performance as the AI infrastructure super cycle drove record-setting capital expenditure commitments from the world’s leading foundries and memory manufacturers. ASML reported strong results driven by its monopoly position in extreme ultraviolet lithography, and its shares increased over 20%.”
ASML Holding N.V. (NASDAQ:ASML) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 133 hedge fund portfolios held ASML Holding N.V. (NASDAQ:ASML) at the end of the first quarter, up from 101 in the previous quarter. While we acknowledge the potential of ASML Holding N.V. (NASDAQ:ASML) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
