Towercrest Capital Management Buys into Cisco Systems

Towercrest Capital Management acquired a new position in Cisco Systems' stock during Q2, according to its latest 13F filing. The fund purchased 9,791 shares valued at approximately $1,150,000. Cisco Systems accounts for about 0.2% of Towercrest's holdings, making it the company's 22nd largest holding.

Several other hedge funds also bought and sold shares of Cisco Systems in Q4. Norges Bank purchased a new position worth around $4.47 billion, while Auto Owners Insurance Co raised its holdings by 8,718.3%. Price T Rowe Associates Inc. MD lifted its position by 103.2%, and Invesco Ltd. boosted its stake by 11.6%.

Cisco Systems' recent earnings beat expectations, with a revenue increase of 18% year over year and adjusted EPS of $1.22. The company's AI infrastructure orders rose 4.5 times to $9.3 billion for fiscal 2026, and management expects around $7.5 billion in hyperscaler AI infrastructure revenue for fiscal 2027.