Seldon Capital significantly reduced its investment in semiconductor equipment manufacturer ACM Research during the fourth quarter of 2025, disposing of 183,242 shares for approximately $6.83 million. The transaction decreased the fund's ownership stake from 2.66% to 0.14% of the company's assets, representing a substantial portfolio repositioning.
The timing of Seldon Capital's exit comes as ACM Research stock has experienced exceptional performance, rallying 170.7% over the past twelve months and substantially outpacing broader market benchmarks including the S&P 500. The company's strong operational momentum is underscored by management guidance projecting 2026 revenues between $1.08 billion and $1.175 billion, indicating continued expansion in the semiconductor equipment sector.
ACM Research, which designs and manufactures single-wafer wet cleaning and advanced packaging lithography equipment, has benefited from sustained demand within the semiconductor manufacturing industry. The company's valuation appreciation reflects investor optimism regarding both current demand conditions and the firm's strategic positioning within the equipment supply chain.