The bottleneck is physical.
More capable models require advanced silicon, high-bandwidth memory, and increasingly complex packaging. We focus on the businesses that address these constraints.
Silicon & advanced manufacturingIndependent capital. Physical conviction.Public equities / AI infrastructure
Capital behind
the next era of
intelligence.
We invest where artificial intelligence becomes physical. A concentrated public equity portfolio spanning advanced silicon, compute systems, and the infrastructure connecting them.
AM—AI / PERSPECTIVE 01
Our focus
Intelligence is digital.
Its foundations are physical.
$1.500B
Reported portfolio value
24
Public equity positions
79.2%
Semiconductor ecosystem
5.2 years
Reported average holding period
Company-reported portfolio snapshot. No valuation date supplied; figures are not a live market feed. View data basis.
01 Investment thesis
Own the essential layer.
Our conviction sits in the physical systems that make AI possible, across the compute value chain.
Expertise takes time to build.
Lithography, process equipment, and chip design tools depend on deep engineering expertise and sustained capital investment. These barriers sit at the heart of our underwriting.
Equipment & intellectual propertyOne connected demand cycle.
AI platforms and semiconductor suppliers participate in the same infrastructure cycle. We hold both, with an emphasis on the physical foundations of compute.
Platforms & compute infrastructure02 Capital allocation
Concentrated by design.
Six areas of exposure. One investment thesis. Select a sector to explore its underlying holdings.
$1.5B24 public equities
Compute, foundry, equipment & design
Weights calculated from the reported $1.500B portfolio. View all holdings ↗
03 Portfolio holdings
Conviction, in full view.
Explore all 24 positions. Expand a holding to read its investment rationale and reported entry year.
| Investment rationale |
|---|
No holdings match your search.
Data basis: company-supplied holdings and valuations. Dollar values and entry years are reproduced from the supplied portfolio; weights are calculated from those values. No as-of date or independent verification is provided. The 5.2-year average holding period is company-reported. Investment rationales reflect the company's stated views.
04 Capital discipline
Long horizons.
Clear boundaries.
Our stated mandate puts patience and structural conviction at the center of every position. Amendments require 12 months' advance notice and written partner consensus.
0×
Portfolio leverage
5 yr
Underwriting horizon
Two investment sleeves
Semiconductor fabrication supply chains and scaled AI computing infrastructure. Adjacent assets fall outside the mandate, regardless of valuation.
20% maximum at cost
No single asset may exceed 20% of net invested capital at execution. Positions may compound above this threshold until formal rebalancing windows.
Zero leverage. No derivatives.
Direct ownership of public equities. No swaps, margin facilities, or structured notes.
A five-year underwriting horizon
Positions are assessed against multi-year capital expenditure cycles. Structural thesis impairment, rather than a seasonal earnings miss, informs an exit.
Publicly traded instruments
The mandate excludes illiquid private shares. Public market exposure maintains access to trading liquidity, subject to market conditions.
Deliberately low turnover
The company's stated historical turnover averaged below 5% over trailing cycles. A long-term approach seeks to limit trading friction.
Institutional correspondence
A deeper conversation
starts here.
For institutional inquiries and technical briefings from semiconductor, packaging, and high-performance computing specialists, connect directly with AM-AI.
Contact investor relationsExecutive inquirieshello@amaiholdings.com
Legal entityAmerican Artificial Intelligence Holdings LLC
JurisdictionDelaware registered LLC
Operations in Dallas, Texas
Operations in Dallas, Texas
Reporting policyDaily NAV
Quarterly shareholder briefings
Quarterly shareholder briefings
Capital structureProprietary principal capital
No retail deposit solicitation
No retail deposit solicitation