Columbia Threadneedle Investments, an investment management company, released its “Columbia Seligman Global Technology Fund” second quarter 2026 investor letter. A copy of the letter can be downloaded here. During the quarter, the Fund’s Institutional Class shares returned 50.34%, outperforming the MSCI World Information Technology Index’s 33.65% gain. Stock selection in semiconductors, technology hardware and software, together with an off-benchmark electrical equipment allocation, supported relative performance, while exposure to financials, consumer discretionary and healthcare detracted. Technology stocks rallied as concerns over the Iran conflict eased and AI infrastructure spending boosted demand for semiconductors, memory, networking, servers and power solutions. The Fund expects AI and data-centre investment to remain strong, supported by broadening earnings growth and improving software bookings, cloud consumption and customer spending. However, geopolitical uncertainty, higher interest rates and heavy AI investment could pressure valuations and free cash flow. The strategy holds 50–75 technology companies across market capitalisations and uses bottom-up GARP research to identify misunderstood and undervalued businesses in the technology industry. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Columbia Seligman Global Technology Fund highlighted GoDaddy Inc. (NYSE:GDDY). GoDaddy Inc. (NYSE:GDDY) is a leading domain registrar and cloud-based products provider. On July 29, 2026, GoDaddy Inc. (NYSE:GDDY) closed at $105.10 per share. One-month return of GoDaddy Inc. (NYSE:GDDY) was 18.74% and its shares lost 34.95% over the past 52 weeks. GoDaddy Inc. (NYSE:GDDY) has a market capitalization of $13.92 billion.
Columbia Seligman Global Technology Fund stated the following regarding GoDaddy Inc. (NYSE:GDDY) in its Q2 2026 investor letter:
“The fund maintained overweight positions in website design and hosting company GoDaddy Inc. (NYSE:GDDY) which detracted from performance during the second quarter. GDDY faced increased pressure and margin compression around fears that parts of the website design business and other areas of software as a whole will be AI losers, threatened by startup AI providers claiming some of their market share.”
GoDaddy Inc. (NYSE:GDDY) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 45 hedge fund portfolios held GoDaddy Inc. (NYSE:GDDY) at the end of the first quarter, compared to 57 in the previous quarter. While we acknowledge the risk and potential of GoDaddy Inc. (NYSE:GDDY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GoDaddy Inc. (NYSE:GDDY) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered GoDaddy Inc. (NYSE:GDDY) and shared Argosy Investors’ insights on the company. In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
