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 stocks like Micron Technology, Inc. (NASDAQ:MU). Micron Technology, Inc. (NASDAQ:MU) is a leading semiconductor company that manufactures memory and storage products, delivering solutions for a wide range of applications. On June 15, 2026, Micron Technology, Inc. (NASDAQ:MU) closed at $1,087.99 per share. One-month return of Micron Technology, Inc. (NASDAQ:MU) was 55.71%, and its shares gained 804.10% over the past 52 weeks. Micron Technology, Inc. (NASDAQ:MU) has a market capitalization of $1.22 trillion.
Columbia Global Technology Growth Fund stated the following regarding Micron Technology, Inc. (NASDAQ:MU) in its Q1 2026 investor letter:
“Micron Technology, Inc. (NASDAQ:MU) reported stellar results, as its revenue nearly tripled year over year and came in about $20 billion ahead of consensus expectations. Reported earnings were also well above Street estimates. Micron’s results were powered by explosive demand for high-bandwidth memory (HBM), and the company confirmed that its entire calendar-year 2026 HBM supply was fully contracted under fixed-price agreements. The company announced a 30% dividend increase and guided for fiscal third quarter revenue that would exceed entire full-year revenue for prior years. Despite the exceptional results, shares pulled back sharply in the final weeks of March with the broader geopolitical selloff and rising Treasury yields. Nonetheless, Micron shares rose over 18% during the quarter.”
Micron Technology, Inc. (NASDAQ:MU) is in 17th position on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 154 hedge fund portfolios held Micron Technology, Inc. (NASDAQ:MU) at the end of the first quarter, up from 137 in the previous quarter. While we acknowledge the risk and potential of Micron Technology, Inc. (NASDAQ:MU) 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 MICRON TECHNOLOGY, INC. (NASDAQ:MU) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Micron Technology, Inc. (NASDAQ:MU) and shared the list of best bargain stocks to buy in June. In addition, please check out our hedge fund investor letters Q1 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.
