Soros Fund Management Adjusts Semiconductor Portfolio
Soros Fund Management, the family office of billionaire investor George Soros, disclosed a substantial increase in its Intel (NASDAQ) position for the third quarter. The filing shows the fund held approximately 2.83 million Intel shares at the end of September, valued at about $340.3 million, up from roughly 100,000 shares three months earlier. This represents an addition of roughly 2.73 million shares, making it one of the fund’s most significant disclosed portfolio adjustments during the quarter.
Intel’s stock has appreciated nearly 62% since the start of 2026, driven by rising demand for central processing units in artificial‑intelligence data centers. However, the company warned of severe cash consumption for the year, citing weakness in the personal‑computer market, manufacturing bottlenecks, and substantial investment requirements to expand production capacity. The combination of heavy capital spending and uneven demand has raised questions about Intel’s ability to generate sustainable cash flow.
In the same filing, Soros reduced its exposure to other technology firms. Its Apple (NASDAQ) stake fell by 25.7% to 393,680 shares, while its position in ON Semiconductor (NASDAQ) was cut by 92.7% to 16,594 shares. These changes were reported through the quarterly Form 13F filing, which provides a delayed snapshot of institutional investment positions and may not reflect current holdings or subsequent trading activity.
Key figures
- Intel shares held: 2.83 million (≈$340.3 million) as of 30 Sept 2026
- Prior Intel holding: 100,000 shares (three months earlier)
- Apple shares after reduction: 393,680 (‑25.7%)
- ON Semiconductor shares after reduction: 16,594 (‑92.7%)
The adjustments highlight Soros’s strategic reallocation toward Intel amid AI‑related demand, while scaling back positions in Apple and ON Semiconductor.