Soros Fund Significantly Increases Stakes in Intel and Meta in Q3, Initiates Position in SK Hynix, Trims Nvidia
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Soros Fund Management's Q3 13F shows Intel holdings up 28-fold and a new SK Hynix position, while Nvidia common stock was cut ~19% — capital is shifting from the AI compute leader toward memory and legacy chips.
What did Soros Fund do this quarter?
As of September 30, 2026, the fund's 13F portfolio covers 247 positions worth roughly $6.48 billion.
The biggest moves: new position in SK Hynix, massive adds to Intel and Meta, a trim of Nvidia common stock, and full exits from KKR and ServiceNow.
This means → in a single quarter the portfolio's center of gravity tilted sharply toward AI memory and legacy chips, while the pure-compute weighting actually shrank.
Intel up 28× and Meta up nearly 6× — why bet this heavily?
Intel holdings jumped from 100,000 shares to 2.83 million, a 2,730% increase; quarter-end value roughly $340 million.
Meta shares rose from 21,776 to 151,500, up about 596%; quarter-end value roughly $110 million.
In plain terms = the Intel add is not a tweak — it is a 28-fold scale-up in one go. This is a directional bet, not a marginal adjustment.
A new SK Hynix position — what is the fund targeting?
Soros Fund bought 325,000 SK Hynix ADRs in Q3, valued at roughly $59.85 million.
SK Hynix is a leading memory-chip maker and a key supplier of HBM — high-bandwidth memory, an ultra-fast memory built specifically for AI accelerators — to data centers.
This means → the fund's AI thesis now reaches beyond compute power, extending along the supply chain into memory.
Nvidia trimmed — bearish call or portfolio rebalancing?
Nvidia common stock fell from 1.0646 million shares to 858,800, a cut of ~205,800 shares or about 19.3%; remaining value roughly $196 million.
The 13F separately discloses Nvidia put options — contracts that profit when the stock falls — with notional quantity down from 400,000 to 350,000 and disclosed value of roughly $79.93 million.
In plain terms = common stock and puts are different position types and cannot simply be added together. But both were reduced, signaling the fund lowered its overall Nvidia exposure.
Full exits from KKR and ServiceNow — what does that signal?
KKR: 88,715 shares at Q2-end (worth ~$8.14 million) no longer appear in the Q3 filing.
ServiceNow: 48,570 shares (~$4.82 million) likewise dropped from the portfolio.
This reflects a trim of financials and software names, freeing room for chips and memory.
How much can a 13F actually tell us?
A 13F discloses only quarter-end long positions in certain U.S. securities — it omits global allocations, short positions, and cash.
It also reveals nothing about trade timing or decision rationale — what we see is a snapshot, not a live feed.
This means → whether Soros Fund's AI supply-chain bet keeps tilting toward memory and legacy chips can only be confirmed when the next quarterly 13F lands.
市场有风险，内容仅供研究参考，不构成投资建议。