MU

MU MICRON TECHNOLOGY INC

2026Q2 · CUSIP 595112103 · Memory & Storage · Sector: Semiconductors

Piling in

Net holder growth ranks near the top of the market

Funds that own it
3,923
Institutions that reported holding it to the SEC
Net increase in holders
+899
Last quarter 3,024 → now 3,923
How unusual is that
Top 1% in the market
Stronger buying than 99.9% of US stocks
What the filings say, in one paragraph

3,923 funds held MU at the end of 2026Q2, up 899 from the quarter before. That is stronger buying than 99.9% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $133.2B(YoY +256.3%), the P/E is 12.2x, return on equity is 61.4%. MU has had 31 buying rushes in its history, and the price moved +15.5% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Semiconductors sector, tagged Memory & Storage.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=436 2013Q4: holders=517 2014Q1: holders=564 2014Q2: holders=645 2014Q3: holders=652 2014Q4: holders=744 2015Q1: holders=707 2015Q2: holders=647 2015Q3: holders=612 2015Q4: holders=616 2016Q1: holders=573 2016Q2: holders=612 2016Q3: holders=627 2016Q4: holders=664 2017Q1: holders=692 2017Q2: holders=697 2017Q3: holders=753 2017Q4: holders=876 2018Q1: holders=978 2018Q2: holders=1007 2018Q3: holders=954 2018Q4: holders=903 2019Q1: holders=917 2019Q2: holders=879 2019Q3: holders=911 2019Q4: holders=1037 2020Q1: holders=1001 2020Q2: holders=1022 2020Q3: holders=983 2020Q4: holders=1188 2021Q1: holders=1292 2021Q2: holders=1267 2021Q3: holders=1228 2021Q4: holders=1426 2022Q1: holders=1408 2022Q2: holders=1301 2022Q3: holders=1240 2022Q4: holders=1224 2023Q1: holders=1269 2023Q2: holders=1289 2023Q3: holders=1316 2023Q4: holders=1486 2024Q1: holders=1665 2024Q2: holders=1795 2024Q3: holders=1718 2024Q4: holders=1707 2025Q1: holders=1730 2025Q2: holders=1867 2025Q3: holders=2096 2025Q4: holders=2707 2026Q1: holders=3024 2026Q2: holders=3923 -899 -449.5 +0 +449.5 +899 39222564120 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 31 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 1% in the market — —
2026Q1 Top 1% in the market +44.5% +49.2%
2025Q4 Top 1% in the market -9.5% +75.5%
2025Q3 Top 1% in the market +29.1% +72.6%
2025Q2 Top 1% in the market +48.7% +99.9%
2025Q1 Top 10% +21.7% +23.8%
2024Q2 Top 1% in the market -7.5% -8.1%
2024Q1 Top 1% in the market +5.0% -13.2%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
431
Change in large funds
+66
Total value they hold
$1014.4B
Funds buying for the first time
1,052
Funds that sold out entirely
153
Price change that quarter
+48.5%
Funds holding puts (bearish)
121
Funds holding calls (bullish)
134

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
12.2
EPS (TTM)
$74.33
EPS YoY
+879.3%
Revenue (TTM)
$133.2B
Revenue YoY
+256.3%
Net margin
63.8%
ROE
61.4%
Debt ratio
29.4%
FCF (TTM)
$59.0B
Dividend (TTM)
$0.53
Quarterly Revenue & EPS
2021-12-02: EPS 2.04 2022-03-03: EPS 2.00 2022-06-02: EPS 2.34 2022-09-01: EPS 1.37 2022-12-01: EPS -0.18 2023-03-02: EPS -2.12 2023-06-01: EPS -1.73 2023-08-31: EPS -1.31 2023-11-30: EPS -1.12 2024-02-29: EPS 0.71 2024-05-30: EPS 0.30 2024-08-29: EPS 0.81 2024-11-28: EPS 1.67 2025-02-27: EPS 1.41 2025-05-29: EPS 1.68 2025-08-28: EPS 2.83 2025-11-27: EPS 4.60 2026-02-26: EPS 12.07 2026-05-28: EPS 24.67 2026-09-03: EPS 32.99 0B 27.1B 54.2B $B -2.33 16.98 36.29 2016201720182019202020212022202320242025202609/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 22 6 81 156 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-1.9B7.8B18B 20162017201820192020202120222023202420252026
Latest quarter $18B (2026-05-28)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-09-03 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.