US Investment Firm Phoenix Financial Discloses $14.83 Billion Q3 Portfolio Heavy on AI Infrastructure
Phoenix Financial filed its Form 13F-HR for Q3 2026, revealing $14.83 billion in reportable US equities with significant holdings in Alphabet, Amazon, Broadcom, and AMD.
US investment firm Phoenix Financial Ltd. filed its Form 13F-HR with the U.S. Securities and Exchange Commission (SEC) on November 9, 2026, for the quarter ended September 30, 2026. The filing discloses approximately $14.83 billion in reportable US equity securities. It is important to note that this figure represents only the market value of specific stocks held in US markets as of the quarter-end snapshot; it does not reflect the firm's total Assets Under Management (AUM), which remains undisclosed in this form.
The portfolio reveals substantial exposure to the artificial intelligence sector. Key holdings include significant positions in Alphabet Inc. (approximately $296 million in Class C shares, plus $44.9 million and $55.1 million in Class A shares), Amazon Com Inc. (approximately $258 million and $42.6 million), Broadcom Inc. (approximately $202 million and $32.4 million), Advanced Micro Devices Inc. (approximately $27.8 million and $9.6 million), and Apple Inc. (approximately $205 million and $23.6 million). Other notable tech and energy-related holdings include Constellation Energy Corp. (approximately $116 million) and Cloudflare Inc. (approximately $101 million). The filing parsed 727 lines of holding information, identifying 95 issuers related to AI.
13F filings are quarterly snapshots required from large institutional investors, reflecting holdings at quarter-end rather than real-time trading activity or complete asset portfolios (excluding shorts, detailed derivatives, and non-US assets). Despite the lag, Phoenix Financial's disclosure of such a massive portfolio with significant AI exposure provides concrete quantitative evidence of how top-tier institutional capital is positioned within the AI infrastructure ecosystem.