Harbor Fund Cuts NVIDIA Stake 2.61%, Raises Amphenol 58.39%
Harbor Capital Appreciation Fund cut its NVIDIA position by 2.61% in Q1 2026 following its N-PORT filing and shifted capital toward other technology and industrial names. The fund boosted Amphenol by 58.39% and Advanced Micro Devices by 33.83%, while adding Merck & Co ($222.83M), Palantir Technologies ($117.14M), and Cloudflare ($74.74M).
1. NVIDIA Stake Reduction
Harbor Capital Appreciation Fund trimmed its NVIDIA holding by 2.61% of portfolio weight in Q1 2026, signaling a modest shift away from the chipmaker.
2. Major Position Increases
The fund raised its Amphenol stake by 58.39% to 2,219,459 shares valued at $319.78 million and increased Advanced Micro Devices holdings by 33.83% to 1,724,414 shares worth $408.22 million.
3. New Portfolio Additions
Harbor added Merck & Co with 2,020,767 shares (0.86% of portfolio, $222.83 million), Palantir Technologies with 799,087 shares (0.45%, $117.14 million), and Cloudflare with 421,426 shares (0.29%, $74.74 million).
4. Complete Position Exits
The fund fully exited four holdings in the quarter, reallocating capital toward its highest-conviction growth and value opportunities.