Soros Fund Management raises stakes in Micron and Intel

Soros Fund Management spent the third quarter of 2026 shopping for chips. The fund lifted its Micron Technology stake by 58.9% to 35,618 shares and pushed its Intel position to 2.83 million shares.

The Intel move is the real headline-grabber. The position grew more than 27-fold from the prior quarter, which is less a tweak and more a full rebuild of the portfolio’s furniture.

Both changes come from the fund’s 13F filing for the period ending September 30, 2026, which was made public on November 13, 2026. A 13F is a quarterly snapshot that large investment managers file to show their US stock holdings.

The details: Micron and Intel in the spotlight

Start with Micron. The 35,618 shares were valued at approximately $38 million, based on a price of $1,065 per share.

This was not the first step up. The fund’s Q2 2026 filing had already shown a 7.9x increase in its Micron holding, bringing it to 22,422 shares. The latest quarter then added another 58.9% on top of that.

Intel tells a louder story. The 2.83 million shares were valued at $340 million, accounting for 4.0% of the fund’s total portfolio.

That makes Intel the single largest holding in the fund’s latest report. A stake that was a rounding error one quarter ago now sits at the top of the list.

Background: a tech-heavy roster

Micron and Intel do not sit alone. Other notable positions in the filing include Amazon, TSMC, Alphabet, and Nvidia.

The timing also stands out against what some peers were doing. Prominent funds including Renaissance and Bridgewater reduced their Micron exposure in Q2 2026. Soros was building its Micron position during that same quarter, then added more in Q3.

What this means for investors watching the chip trade

That signal comes with an important caveat: 13F data is backward-looking. The holdings reflect positions as of September 30, 2026, and the public only saw them on November 13, 2026. Any of these stakes could have changed in the weeks between the quarter’s close and the filing date.

The filing also does not show everything. It captures long US equity positions, so it may not reveal hedges, short positions, or other instruments that could offset what is visible.

The Intel position deserves the closest watch. A more-than-27-fold increase that turns a minor holding into the top position is a decisive call.

For Micron, the jump from 22,422 shares in Q2 to 35,618 shares in Q3 shows steady buying.