Soros Fund Management made major adjustments to its U.S. equity holdings in the third quarter of 2026: it established a new position in the ADR of South Korean memory chip giant SK hynix, significantly increased its stakes in Intel and Meta, while reducing its holding in NVIDIA and fully exiting KKR and ServiceNow.
Looking at the portfolio changes, the fund continued to build exposure across the AI supply chain while recalibrating its allocation within the chip sector. Intel and Meta received substantial additions, the common stock position in NVIDIA was reduced, and the addition of SK hynix further extended its portfolio coverage into the AI memory space.
According to the third-quarter 13F filing with the SEC, as of September 30, 2026, Soros Fund disclosed holdings involving 247 investments, with a 13F portfolio market value estimated at approximately $6.481 billion.
New SK hynix ADR Position to Tap AI Memory Supply Chain
In the third quarter, Soros Fund established a new position in the American Depositary Receipts (ADR) of South Korean memory chip maker SK hynix Inc., holding 325,000 shares with a disclosed market value of about $59.85 million.
SK hynix is one of the world's major memory chip manufacturers and a key participant in the high-bandwidth memory (HBM) supply chain for AI data centers. As demand for AI servers and accelerated computing grows, HBM has become a critical link in the AI chip industry chain.
This new position in SK hynix means Soros Fund's U.S. equity portfolio has added an important name in the AI memory space.
Intel Stake Surges 28-Fold, Meta Holding Nearly Six Times Larger
On the U.S. tech stock front, Soros Fund significantly increased its positions in Intel and Meta Platforms in the third quarter.
Its Intel holding rose from 100,000 shares at the end of the second quarter to 2.83 million shares, an increase of 2.73 million shares, or 2,730%, equivalent to expanding the position to 28.3 times its previous size. As of the end of the third quarter, the Intel position was valued at approximately $340 million.
For Meta, the share count rose from 21,776 shares at the end of the second quarter to 151,500 shares, an increase of about 129,700 shares, or roughly 596%, with a market value of about $110 million at the end of the third quarter.
Both stocks received substantial additions, indicating that Soros Fund markedly increased its allocation to large U.S. technology companies in the third quarter.
Reducing NVIDIA: Common Stock and Put Options Disclosed Separately
In contrast to the large increase in Intel, Soros Fund reduced its common stock position in NVIDIA during the third quarter.
As of the end of the third quarter, the fund held approximately 858,800 shares of NVIDIA common stock, down about 205,800 shares from 1.0646 million shares at the end of the second quarter, a decline of about 19.3%. The common stock position was valued at approximately $196 million at the end of the third quarter.
In addition, the 13F filing separately disclosed a NVIDIA put option position, with the corresponding holding quantity falling from 400,000 at the end of the second quarter to 350,000, with a disclosed option market value of about $79.93 million.
It should be noted that common stock and put options are different types of holdings and cannot be combined to calculate the number of NVIDIA shares held. The disclosed option quantity also does not equal the number of option contracts.
Exiting KKR and ServiceNow, Departing from Some Financial and Software Stocks
On other individual stocks, Soros Fund exited some positions it had previously held in the third quarter.
Among them, KKR was held at 88,715 shares at the end of the second quarter but no longer appeared in the 13F holdings table at the end of the third quarter; ServiceNow was held at 48,570 shares at the end of the second quarter and also exited the disclosed portfolio in the third quarter.
The disclosed market values of these two positions at the end of the second quarter were approximately $8.14 million and $4.82 million, respectively.
Overall, Soros Fund's third-quarter rebalancing showed fairly distinct changes in its technology stock allocation: a new SK hynix ADR position, substantial increases in Intel and Meta, a reduced common stock exposure to NVIDIA, and exits from KKR and ServiceNow.
However, the 13F filing only reflects a portion of the fund's long positions in U.S. market securities as of the end of the quarter. It does not disclose its complete global asset allocation, short positions, or cash, nor can it reveal the specific timing of trades or the reasons behind investment decisions. Therefore, these changes reflect adjustments to its disclosed portfolio at quarter-end and do not necessarily mean that the fund's investment views on the relevant companies have changed accordingly.
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