True North Advisors LLC recently reduced its holdings in semiconductor giant Lam Research Corporation (NASDAQ:LRCX), selling 3,522 shares during the second quarter. The move, which represents a 10.2% decrease in the firm’s stake, was disclosed in a filing with the Securities and Exchange Commission.
True North Advisors LLC Reduces Stock Position in Lam Research Corporation $LRCX

Key Takeaways:
- True North Advisors LLC reduced its stake in Lam Research by 10.2%
- A total of 3,522 shares were sold in the second quarter
- The firm now holds 31,142 shares of LRCX
- The update was disclosed in an SEC filing
- Lam Research is a key player in the semiconductor industry
Quarterly Reduction
True North Advisors LLC, an investment management firm, lowered its stake in Lam Research Corporation by 10.2% during the second quarter. According to the latest disclosure with the Securities and Exchange Commission (SEC), the reduction involved selling 3,522 shares, adjusting the firm’s portfolio to changing market conditions or internal strategies.
Table: Second Quarter Share Changes
Data | Figure |
---|---|
Percentage Decrease | 10.2% |
Shares Sold | 3,522 |
New Shares Owned | 31,142 |
Lam Research Overview
Lam Research Corporation, traded on the NASDAQ under the symbol LRCX, is recognized for its work in the semiconductor arena, supplying essential equipment and services that facilitate advanced chip production. True North Advisors LLC’s move, therefore, may reflect strategic decisions based on broader industry trends.
Disclosure and Regulatory Context
The transaction details were recorded in the firm’s SEC filing, underscoring the transparency required of such financial actions. Public filings allow investors and analysts alike to track institutional moves and infer potential market sentiments.
Portfolio Adjustments
After the recent sale, True North Advisors LLC continues to retain 31,142 shares in Lam Research Corporation. While the reduction is significant, it does not signal a complete exit, indicating the firm still sees value in the semiconductor company’s long-term potential.
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