Gf Fund Management 13F: Adds $15M to AMD Stake
Key Points
- Gf Fund Management increased its AMD holdings by 24,226 shares, growing its total stake to 643,398 shares valued at approximately $393.6 million.
- The stock recently traded around $531.47, which is about equal to its closing price of $531.28 on October 26, 2026.
- AMD has a strong market presence in the semiconductor industry, with a 9.26% weight in Gf Fund Management's portfolio.
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On October 26, 2026, Gf Fund Management boosted its stake in Advanced Micro Devices, Inc. (AMD) by 24,226 shares, bringing its total to 643,398 shares. This increase is valued at about $393.6 million, according to the fund's latest Form 13F filing with the SEC.
Gf Fund Management's latest filing shows a 3.91% increase in its AMD position. The fund's total reported value is approximately $4.25 billion, with AMD representing 9.26% of its portfolio. This makes AMD the top holding in Gf Fund Management's investments, ranked first out of 616 positions.
AMD
Advanced Micro Devices, Inc.
Other Institutional Activity in AMD
On the same day, UniSuper Management increased its AMD stake by 96,138 shares, totaling 613,615 shares valued at about $375.4 million. Bernardo Wealth Planning also added 2,095 shares, raising its total to 4,008 shares worth approximately $2.45 million.
Advanced Micro Devices, Inc. Stock Up 2.8%
AMD shares recently traded around $531.47, which is about equal to its closing price of $531.28 on October 26, 2026. Currently, the stock is below its 50-day moving average by 2%, but it remains above its 200-day moving average by 32.2%. The stock is also about 19.3% below its 52-week high of $658.52.
Recent Earnings
AMD reported trailing twelve-month revenue of approximately $41.3 billion and earnings per share (EPS) of $3.92. The next earnings report is scheduled for November 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
21 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 4.8%. Revenue beat estimates by 2.6%.
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Profit surprise
EBITDA missed by 4 percent. Operating income missed by 32 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 upgrades, 2 downgrades, 21 target raises.
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Earnings quality
Gross margin up 2.6 points. Operating margin up 3.6 points. Positive free cash flow.
Earnings Call Summary
AMD reported outstanding first quarter results with $10.3 billion in revenue, up 38 percent year over year. Data center revenue surged 57 percent driven by strong demand for EPYC server CPUs and Instinct GPUs. Management emphasized that Agentic AI and inference workloads are driving substantially higher CPU demand than expected, requiring more compute than prior models. Free cash flow nearly tripled to $2.6 billion, and operating margin expanded to 25 percent, showing strong operational leverage as the business scales into AI infrastructure.
Guidance AMD guided next quarter revenue to about $11.2 billion, up 46 percent year over year. Management raised full year data center CPU growth forecast to over 70 percent, driven by strong Agentic AI demand. They also raised the long-term server CPU market size forecast to over $120 billion by 2030, from $60 billion announced in November.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Advanced Micro Devices, Inc.
Several insiders sold shares earlier this year. Chief Financial Officer Jean X. Hu sold 15,000 shares on August 25, 2026, valued at about $7.1 million. CEO Lisa T. Su sold 95,000 shares on September 10, 2026, worth approximately $48.1 million. Officer Forrest Eugene Norrod sold 17,261 shares on September 15, 2026, and another 17,262 shares on October 15, 2026, totaling around $18.5 million.
Analysts Set New Price Targets
On October 5, 2026, Stifel maintained a Buy rating on AMD with a price target of $700, up from $635. Citigroup also maintained a Buy rating but raised its target to $800 from $575. Mizuho kept an Outperform rating with a target of $705, while Wedbush reiterated its Outperform rating at $600. Susquehanna maintained a Positive rating with a target of $620.
About AMD
Advanced Micro Devices, Inc. is a semiconductor company based in Santa Clara, California. It operates in segments including Data Center, Client and Gaming, and Embedded. This latest move by Gf Fund Management reflects confidence in AMD's growth potential in the technology sector.
Bottom Line
Investors should keep an eye on AMD's upcoming earnings report on November 3, 2026, as well as further filings from Gf Fund Management. This boost in AMD's stake suggests that Gf Fund Management sees value in the company amid a competitive semiconductor landscape.
Related Filing Alerts
Source: Gf Fund Management's 13F filing on $AMD (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts