LongICEJun 2026
Intercontinental Exchange Inc.
The fund continues to hold Intercontinental Exchange despite a quarter of weaker relative performance. Management views ICE as a dominant global exchange-infrastructure provider…
Nomura Large Cap Growth Fund
US large-cap growth equity strategy emphasizing durable, high-quality businesses, fundamental stock selection and valuation discipline.$6.4B AUM4 published ideas
Nomura Large Cap Growth Fund is a US large-cap growth equity fund managed within Nomura Asset Management. The strategy emphasizes durable, high-quality growth businesses and disciplined fundamental stock selection, with the Russell 1000 Growth Index as its benchmark. The commentary shows a selective approach to AI beneficiaries and a willingness to avoid areas where valuations embed excessive optimism.
Ideas from Nomura Large Cap Growth Fund
LongAMDJun 2026
Advanced Micro Devices Inc.
Advanced Micro Devices was one of the fund's strongest contributors during the quarter. Strong AI inference demand pulled through AMD server CPUs and reinforced the fund's view…
LongTSMJun 2026
Taiwan Semiconductor Manufacturing Co. Ltd.
Taiwan Semiconductor was a major positive contributor and is viewed as the dominant manufacturer of leading-edge semiconductors. The fund sees TSMC as a critical bottleneck in…
LongLLYJun 2026
Eli Lilly and Company
The fund initiated a new position in Eli Lilly after a pullback in the shares. Management believes Lilly can capitalize on the expansion of GLP-1 weight-loss drugs into the mass…
Letters covered
- Q2 2026 Quarterly CommentaryJune 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.