Columbia Seligman Technology and Information Fund Class A
SLMCX
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
- 50606 Ameriprise Financial Center Minneapolis MN United States of America 55474
- IPO Date
- Jun 23, 1983
- CIK
- 0001352280
- Website
- columbiathreadneedleus.com
- Similar Companies
- Business
- Columbia Seligman Technology and Information Fund Class A (SLMCX) is an open-ended mutual fund that seeks long-term 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. The fund primarily targets large-cap growth stocks but allocates more than a third of its portfolio to small-cap and mid-cap companies, with top holdings such as Bloom Energy Corp (12.09%), Lam Research Corp (6.83%), Broadcom Inc (5.41%), NVIDIA Corp (5.36%), and Alphabet Inc Class A (4.85%); it maintains sector exposures dominated by technology (71.09%), communication services (11.46%), and industrials (11.43%), with 95.63% of assets in U.S. stocks, up to 25% in foreign investments, and limited use of short-selling. Launched on June 23, 1983, and domiciled in the United States, the fund is managed by a team led by Paul Wick (since 1990) alongside Shekhar Pramanick, Sanjay Devgan, Jeetil Patel, Vimal Patel, and Israel Hernandez, with total net assets of approximately $19.55 billion and a share class size of $11.09 billion as of recent data. It is offered through Columbia Threadneedle Investments, part of Ameriprise Financial, which acquired the Seligman unit in 2008 and Columbia Funds in 2010, with operations available for sale in the United States and a minimum initial investment of $2,000. In recent developments, the fund delivered strong performance with institutional class shares returning 19.77% in Q2 2025, driven by overweight positions in semiconductor firms like Marvell Technology and exposure to AI-related partnerships involving holdings such as Alphabet and Meta; additionally, portfolio allocations to recovering names like Bloom Energy contributed positively amid market volatility.