Harbor Capital Appreciation Fund Added Advanced Micro Devices (AMD) in Q3

Harbor Capital Appreciation Fund, an investment management company, released its Q3 2025 investor letter. A copy of the same can be downloaded here. The Harbor Capital Appreciation Fund primarily focuses on investing in equity securities, targeting U.S. companies that have a market capitalization of at least $1 billion at the time of investment. US equities delivered solid results in the third quarter, driven by continued momentum in AI and strong corporate earnings. The Federal Reserve’s interest rate cut also supported the market at the end of the quarter. The fund returned 5.11% in the quarter compared to 10.51% for the Russell 1000® Growth Index and 8.12% for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Harbor Capital Appreciation Fund highlighted stocks such as Advanced Micro Devices, Inc. (NASDAQ: AMD). Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor company that operates through Data Center, Client, Gaming, and Embedded segments. The one-month return of Advanced Micro Devices, Inc. (NASDAQ:AMD) was 0.37%, and its shares gained 70.27% of their value over the last 52 weeks. On December 24, 2025, Advanced Micro Devices, Inc. (NASDAQ:AMD) stock closed at $215.04 per share, with a market capitalization of $350.094 billion.

Harbor Capital Appreciation Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its third quarter 2025 investor letter:

“We initiated a position in Advanced Micro Devices, Inc. (NASDAQ:AMD), a leading provider of high-performance computing and AI solutions. The company’s sharpened product roadmap and momentum with major cloud providers highlight its growth prospects. Continued innovation in data center and AI accelerators, broad adoption across premium markets, and disciplined execution position Advanced Micro Devices as a compelling long-term investment in rapidly expanding technology markets.”

Cantor Keeps Overweight on AMD Despite Target Cut, Citing Strong AI Tailwinds

Advanced Micro Devices, Inc. (NASDAQ:AMD) is in 19th position on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 115 hedge fund portfolios held Advanced Micro Devices, Inc. (NASDAQ:AMD) at the end of the third quarter, up from 113 in the previous quarter. While we acknowledge the risk and potential of Advanced Micro Devices, Inc. (NASDAQ:AMD) 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 Advanced Micro Devices, Inc. (NASDAQ:AMD) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Advanced Micro Devices, Inc. (NASDAQ:AMD) and shared the list of best growth stocks to buy in 2026. In addition, please check out our hedge fund investor letters Q3 2025 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.