Columbia Seligman Technology and Information Fund Class R
SCIRX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50606 Ameriprise Financial Center Minneapolis MN United States of America 55474
- IPO Date
- Apr 30, 2003
- CIK
- 0001352280
- Website
- columbiathreadneedleus.com
- Similar Companies
- Business
- Columbia Seligman Technology and Information Fund Class R (SCIRX) is an open-end mutual fund that seeks capital appreciation by investing at least 80% of its net assets in securities of technology and information companies, including those in the information technology and communications services sectors under global industry classification standards, as well as related industries; it may allocate up to 25% of assets to foreign investments and maintains a non-diversified portfolio with emphasis on large-cap growth stocks, primarily U.S. equities (93.77% allocation), cash (3.26%), and limited non-U.S. holdings. The fund, managed by Columbia Threadneedle Investments, features a portfolio concentrated in top sectors such as technology (67.80%), industrials (14.67%), and communication services (11.07%), with key holdings including Bloom Energy Corp (12.09%), Lam Research Corp (6.83%), Broadcom Inc (5.41%), NVIDIA Corp (5.36%), and Alphabet Inc (4.85%), representing 34.54% of the portfolio; it offers daily pricing, a net expense ratio of 1.41%, and serves U.S. investors through retirement share classes with no minimum initial investment. Launched on April 30, 2003, and domiciled in the United States with headquarters aligned to Columbia Threadneedle at 225 Franklin Street, Boston, Massachusetts, the fund manages total net assets of approximately $19.55 billion across share classes, overseen by a veteran team led by Paul Wick (since 1990) alongside Shekhar Pramanick, Sanjay Devgan (both since 2013), Jeetil Patel (since 2015), Vimal Patel (since 2018), and Israel Hernandez (since 2021). In recent developments, the fund has sustained strong performance amid technology sector growth, with year-to-date returns exceeding 43% as of late 2025 and portfolio turnover at 33-39%; its parent Columbia Threadneedle Investments announced a strategic investment partnership with Long Run Partners in October 2025 to securitize up to $1.5 billion in non-agency mortgage loans, enhancing the firm's structured asset capabilities ($68.8 billion under management), though no direct changes to SCIRX operations, such as share class alterations, new product launches, or acquisitions specific to the fund, have been reported in the last 1-2 years. The fund targets long-term investors in the Morningstar Technology category, focusing on high-growth areas like semiconductors, software, networking, and internet stocks, with availability limited to the United States market.