ACM Research's AI Surge Collides With Export Controls and Chip Spending Cycles

2026-02-25 13:26:50 ET

According to a Securities and Exchange Commission (SEC) filing dated February 09, 2026, Penn Capital Management Company, LLC established a new position in ACM Research, Inc. (NASDAQ:ACMR) during the fourth quarter of 2025, acquiring 435,843 shares. The position’s quarter-end value increased by $17.21 million, reflecting both the purchase and price changes.

This new position accounts for 1.37% of Penn Capital’s 13F reportable assets under management as of December 31, 2025.

Top five holdings after the filing:

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