Avity cuts Oracle by 88% and Raymond James by 81%, boosts AMD by 70% to $44.7M in Q3 2026

During the quarter ending September 30, 2026, Avity Investment Management executed notable reallocations across its $1.60 billion equity portfolio. The firm substantially expanded its exposure to semiconductor and software names, highlighted by a 70% share increase in Advanced Micro Devices Inc (AMD), taking the position to $44.70 million. ServiceNow Inc (NOW) also saw significant buying, rising 34% to $28.54 million. Other meaningful additions included Becton Dickinson & Co (BDX), up 23% to $37.48 million, and Marsh & McLennan Cos (MRSH), which rose 18% to $42.60 million.

To fund these additions, Avity sharply trimmed several established positions. The most dramatic reductions occurred in Oracle Corp (ORCL), where the firm reduced its holding by 88% from $26.65 million to $3.06 million, and Raymond James Financial Inc (RJF), which was cut by 81% from $15.77 million to $3.05 million. Additionally, Carrier Global Corporation (CARR) was pared by 33% to $7.17 million, and Netflix Inc (NFLX) was trimmed by 68% to $1.16 million. Core holdings Meta Platforms (-17% to $52.61 million) and Palo Alto Networks (-11% to $69.02 million) saw moderate share trims as well.

On the onboarding front, Avity initiated six new holdings, led by an entry into Donaldson Inc (DCI) valued at $10.92 million (0.7% of the reported portfolio). Other new positions included ExxonMobil Holdings Corp ($3.66 million), Analog Devices Inc ($2.66 million), and smaller stakes in Space Exploration Technologies Corp, Medtronic, and Starbucks. The firm fully liquidated its prior Exxon Mobil Corp line ($2.60 million), alongside smaller legacy positions in AstraZeneca PLC ($500K), Rocket Lab Corp ($238K), and Allstate Corp ($209K).

Position changes