Shares of Intel (NASDAQ:INTC | INTC Price Prediction) are down 4% to $98.60 Tuesday morning, sliding with the broader chip group as rising Treasury yields pressure high-multiple technology names. Advanced Micro Devices (NASDAQ:AMD) stock is down 4% to $487.89. NVIDIA (NASDAQ:NVDA) stock is down 2% to $220.22.
The pullback lands on top of enormous 2026 runs. Through Monday’s close, Intel stock was up 180% year to date (YTD), AMD stock was up 136% YTD, and NVIDIA stock had gained 21% YTD. The bigger story sitting under Tuesday’s session is what quarterly institutional filings disclosed about who was crowding into Intel as of June 30.
Concentrated Chip Bets Revealed in 13F Filings
Quarterly 13F filings are point-in-time snapshots as of June 30, disclosed roughly 45 days after quarter close. They cover only disclosed U.S. equity holdings, not entire balance sheets, and the positions may already have changed. NVIDIA disclosed 214,776,632 Intel shares valued at $29,989,261,126, representing 47.27% of its disclosed equity portfolio.
That’s an extraordinary single-name weight for any disclosed institutional book, and the striking detail is that Intel competes directly with NVIDIA in parts of the data center market. Because 13F filings exclude index managers and non-U.S. holdings, this figure should not be read as a claim about NVIDIA’s overall capital allocation or Intel’s largest shareholder.
The widely covered angle involved SoftBank Group, listed in Tokyo. SoftBank disclosed 86,956,522 Intel shares valued at $12,141,739,167, representing 66.81% of its disclosed U.S. equity portfolio. This builds on SoftBank’s $2 billion strategic investment in Intel that closed in the third quarter of 2025, and SoftBank reported first-quarter fiscal 2026 net income of 347.3 billion yen, driven by a 1.3 trillion yen gain on Intel stock.
Coatue Management disclosed a new Intel position of 12,084,027 shares valued at $1,687,292,689, representing 3.47% of its portfolio. Tiger Global Management added to its Intel position, while D. E. Shaw, Renaissance Technologies and Point72 Asset Management each trimmed their Intel positions. On the bearish side, Millennium Management disclosed a put position on 7,398,900 underlying Intel shares as of June 30, which is a bearish bet rather than ownership.
Peer Read: Advanced Micro Devices and NVIDIA
Advanced Micro Devices is Intel’s direct competitor in processors, and AMD stock is tracking Intel lower on the day. NVIDIA plays a dual role in Tuesday’s story as both a data center rival to Intel and the holder of the largest disclosed Intel position in the June 30 filings.
NVIDIA stock is falling less than Intel and AMD on the session and carries a much smaller 2026 gain, which is consistent with the most-appreciated names getting hit hardest in a rate-driven pullback. Intel’s fundamentals still look supportive: second-quarter fiscal 2026 revenue was $16.128 billion, a 25.4% increase year over year, with the Data Center and AI segment rising 59% to $6.262 billion (the same buildout is lifting suppliers beyond the chipmakers, which we mapped in a report here: 7 Stocks Powering the AI Boom). Intel guided third-quarter 2026 revenue to a range of $15.8 billion to $16.8 billion.
Sector ETF Tracks the Move
The iShares Semiconductor ETF (NASDAQ:SOXX) is down 4% to $537.48, matching Intel’s percentage decline on the day. Through Monday’s close, the ETF was up 86% YTD.
The fund is a sector product carrying concentration risk relative to the broad market, and it is not leveraged. The parallel move across Intel, AMD and the ETF signals Tuesday’s action is a sector-wide rate story rather than anything specific to Intel.
What to Watch
The filings snapshot is backward-looking. The open questions from here are whether the next round of quarterly filings shows these concentrated Intel positions maintained, reduced or exited, and whether yields keep pressuring the group.
Investors could look for signs that Intel’s third-quarter results land inside the guided range. Traders may want to keep an eye on whether the semiconductor ETF holds recent support as the session progresses.
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