Columbia Seligman Technology and Information Fund Institutional 2 Class
SCMIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Columbia Funds Series Trust II MA United States of America
- IPO Date
- Nov 30, 2001
- CIK
- 0001352280
- Website
- columbiathreadneedleus.com
- Similar Companies
- Business
- Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX) 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 the global industry classification standard, as well as related industries; it maintains a non-diversified portfolio typically comprising 50-75 holdings across all market capitalizations, with a focus on large-cap growth stocks such as semiconductors, technology hardware, storage and peripherals, software, and networking; top holdings include NVIDIA Corp., Bloom Energy Corp., Broadcom Inc., Lam Research Corp., and Microsoft Corp., representing approximately 29% of the portfolio. The fund, launched on November 30, 2001, and domiciled in the United States with total net assets of $15.23 billion, is managed by the Seligman Technology team at Columbia Threadneedle Investments, led by Paul Wick since 1990 alongside co-managers Shekhar Pramanick, Sanjay Devgan, Jeetil Patel, Vimal Patel, and Israel Hernandez; Columbia Threadneedle, formed in 2015 through the merger of Columbia Management and Threadneedle Asset Management and headquartered in Boston, Massachusetts, operates globally with offices in 17 countries across the Americas, Europe, the Middle East, and Asia. Recent developments include strong quarterly performance, with institutional shares returning 19.77% in Q2 2025 driven by stock selection in semiconductors and technology hardware amid industry recovery; the parent firm Columbia Threadneedle launched six new actively managed and research-enhanced ETFs on December 15, 2025, expanding its suite to 20 U.S.-based ETFs covering equities, income, thematic growth, and fixed income; earlier expansions featured the Columbia Seligman Semiconductor and Technology ETF (SEMI) in 2022, managed by the same team; additionally, in October 2024, Columbia Threadneedle closed its standalone UK small stocks unit amid market shifts. The fund targets institutional and retail investors seeking exposure to technology sector growth, with up to 25% in foreign investments, a net expense ratio of 0.89%, daily pricing, and primary allocation to U.S. stocks (94.71%), followed by non-U.S. stocks (3.65%) and cash (2.02%), with sector weights led by technology (69.36%) and communications services (13.62%).