Soros Fund Management Increases Intel Stake to 2.83 Million Shares

Soros Fund Management, the family office of billionaire George Soros, significantly increased its investment in Intel during the third quarter. According to 13F regulatory filings released Friday, the firm expanded its position from 100,000 shares at the end of June to 2.83 million shares, a stake valued at $340.3 million.

The investment comes as Intel manages manufacturing bottlenecks and high production spending amid a faltering PC market. However, the company has seen a nearly 62% year-to-date stock increase, driven by strong demand for AI data-center CPUs.

To balance these acquisitions, the firm reduced its holdings in other technology companies. Soros Fund Management cut its stake in Apple by 25.7% to 393,680 shares and slashed its position in ON Semiconductor by 92.7% to 16,594 shares.