Slaughter Associates Opens $11.64 Million AI Position

Core Insights - Richard P Slaughter Associates Inc has opened a new position in the Global X Artificial Intelligence & Technology ETF, acquiring 235,632 shares valued at approximately $11.64 million as of Q3 2025 [1][2]. Fund Overview - The Global X Artificial Intelligence & Technology ETF now represents 2.51% of Slaughter Associates' 13F reportable assets under management (AUM) and is the firm's tenth largest holding [3]. - As of October 8, 2025, the ETF's shares were priced at $51.55, reflecting a 37.65% increase over the past year, outperforming the S&P 500 by 19.48 percentage points [3]. - The ETF has net assets of $7.06 billion and a trailing twelve-month dividend yield of 0.12% [3]. Investment Strategy - The ETF focuses on tracking an index of companies involved in artificial intelligence and big data, investing at least 80% of its assets in these sectors [6]. - It provides targeted exposure to innovation-driven technology stocks, structured as a non-diversified ETF for investors seeking thematic exposure to AI and technology trends [6]. Portfolio Composition - Slaughter Associates' portfolio is diversified, with significant holdings in various ETFs, including the JPMorgan International Research Enhanced Equity ETF and iShares Russell Top 200 Growth ETF [5]. - Prior to Q3, the firm already held several AI and tech stocks, including Apple, Microsoft, and Nvidia, which constituted almost 7% of its holdings [7]. Market Context - The AI and tech sectors have experienced extraordinary growth, with major companies driving the S&P 500 to record highs [8]. - There is a belief in the potential for further expansion in AI, impacting nearly every industry [8].