Masayoshi Son Has 67% of SoftBank's U.S. Stock Portfolio in Intel. He Didn't Buy a Single Share Last Quarter.
The share count hasn't budged since March. The value more than tripled. The difference matters for anyone who owns the chipmaker's stock.
Overview
SoftBank Group(OTC:SFTBY) disclosed last week that Intel(NASDAQ:INTC) now makes up 67% of its U.S. stock portfolio. That works out to $12.1 billion of the $18.2 billion in U.S.-listed holdings the Japanese conglomerate reported as of June 30 in its latest 13F, the quarterly filing in which big investors disclose their U.S. stock positions.
It's easy to read a weighting like that as conviction. But the filing shows no new conviction at all.
Details
SoftBank held exactly 86,956,522 Intel shares on June 30 -- the identical count it reported on March 31. Masayoshi Son didn't buy a single share last quarter. Intel's stock price did all the work.
Source
Originally published at www.fool.com.