Prof G Markets · Friday, July 3, 2026
Tom Lee noted that a significant percentage of fund managers, specifically 76% in large-cap growth and 60% in large-cap blend, are trailing their benchmarks this year. He suggests that many missed out on the semiconductor and DRAM rallies and may be chasing them in the second half.
“looking at large cap growth, 76% of fund managers are trailing their benchmark this year, which is a pretty historic number. On large cap blend, 60%.”
“So today, I would say growth managers probably missed a lot of that semi and D-RAM rally.”
“I think they're going to be chasing it in the second half, which is why I'd probably stay bullish.”