# Totem Point Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1759364. Source: https://holderbook.com/funds/1759364-totem-point-management-llc/

- Reported value: $163.5M
- Positions: 18
- Weight of the ten largest: 85.7%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CEREBRAS SYSTEMS INC | [CBRS](https://holderbook.com/stocks/CBRS/) | $40.0M | 180,953 | 24.5% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $15.6M | 32,684 | 9.5% | 10 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $14.7M | 33,914 | 9.0% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $13.6M | 67,858 | 8.3% | 15 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $12.7M | 21,892 | 7.8% | 2 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $10.7M | 22,032 | 6.5% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $9.0M | 7,800 | 5.5% | 5 |
| LATTICE SEMICONDUCTOR CORP | [LSCC](https://holderbook.com/stocks/LSCC/) | $8.2M | 53,873 | 5.0% | 2 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $7.8M | 588,923 | 4.8% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $7.8M | 26,039 | 4.7% | 2 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $7.7M | 18,909 | 4.7% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $4.4M | 3,740 | 2.7% | 2 |
| AMKOR TECHNOLOGY INC | [AMKR](https://holderbook.com/stocks/AMKR/) | $3.1M | 36,195 | 1.9% | 1 |
| ON SEMICONDUCTOR CORP | [ON](https://holderbook.com/stocks/ON/) | $2.6M | 27,955 | 1.6% | 3 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.9M | 3,052 | 1.2% | 1 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $1.7M | 3,746 | 1.1% | 10 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $1.1M | 3,585 | 0.7% | 1 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $782.7K | 3,131 | 0.5% | 14 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +63.0% | +14.8% | +48.1% | 100% |
| Q1 2026 | -7.7% | -4.6% | -3.1% | 100% |
| Q4 2025 | +5.4% | +2.4% | +3.0% | 100% |
| Q3 2025 | +10.9% | +7.8% | +3.1% | 100% |
| Q2 2025 | +25.5% | +10.5% | +15.0% | 100% |
| Q1 2025 | -6.0% | -4.6% | -1.4% | 100% |
| Q4 2024 | +7.9% | +2.1% | +5.7% | 100% |
| Q3 2024 | +5.1% | +5.4% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $163.5M | 18 |
| Q1 2026 | $78.4M | 17 |
| Q4 2025 | $100.2M | 14 |
| Q3 2025 | $112.1M | 15 |
| Q2 2025 | $95.0M | 12 |
| Q1 2025 | $81.2M | 13 |
| Q4 2024 | $94.4M | 16 |
| Q3 2024 | $94.6M | 16 |
| Q2 2024 | $68.3M | 15 |
| Q1 2024 | $91.4M | 16 |
| Q4 2023 | $77.2M | 14 |
| Q3 2023 | $70.5M | 16 |