softbank Shifts portfolio, Increases Bets on Intel and KE Holdings While Trimming Tech giants
NEW YORK – softbank Investment Advisers made notable adjustments to its U.S. equity portfolio in the first quarter, increasing its stakes in Intel and KE Holdings while reducing holdings in several prominent technology companies, according to a Form 13F filing with the Securities and Exchange Commission. The moves signal a strategic recalibration by the tech investment giant amid ongoing market volatility and shifting sector dynamics.
The investment firm notably added 8 million shares of Intel (INTC) and 1.5 million shares of KE Holdings (BEKE). Concurrently, SoftBank decreased its positions in Alibaba (BABA), amazon (AMZN), Alphabet (GOOG), Meta (META), Microsoft (MSFT), Pinduoduo (PDD), and JD.com (JD). These adjustments reflect a broader trend of investors reassessing their exposure to high-growth technology stocks and exploring opportunities in other sectors.
The filing reveals SoftBank also established a new position in Oracle (ORCL), acquiring 150,000 shares. While the precise reasoning behind these shifts remains undisclosed, analysts suggest the increased investment in Intel could be tied to the chipmaker’s efforts to regain market share and capitalize on government incentives for domestic semiconductor manufacturing. The addition of KE Holdings, a Chinese online real estate platform, indicates continued interest in the Asian market despite recent economic headwinds.
The reduction in holdings across major tech names-Alibaba, Amazon, Alphabet, Meta, microsoft, Pinduoduo, and JD.com-suggests SoftBank may be taking profits or reallocating capital to areas with perhaps higher returns. The scale of these adjustments underscores the firm’s active management approach and its willingness to adapt its portfolio to evolving market conditions.
