What smart money is saying about Intel
INTC · Technology · Semiconductors · Market cap $541.60B
3 funds in our archive have pitched Intel — most recently Alpha Wealth Fund The Insiders Fund in July 2026.
Company profile
Intel Corporation designs, develops, manufactures, markets, sells, and services computing and related end products and services in the United States, Ireland, Israel, and internationally. It operates through three segments: CCG, DCAI, and Intel Foundry. The company offers client computing group products, including client and commercial CPUs, discrete client GPUs, edge computing, and connectivity products; data center and AI products, such as server CPUs, discrete GPUs, and networking products; and semiconductors comprising wafer fabrication, substrates, and other related products and services. It also provides driving assistance and self-driving solutions; and develops and manufactures multi-beam mask writing tools. The company sells its products through sales organizations, distributors, resellers, retailers, and OEM partners. It serves original equipment manufacturers, original design manufacturers, cloud service providers, and other manufacturers and service providers. Intel Corporation has a strategic collaboration with Infosys Limited to develop a multi-layer AI fabric that unifies infrastructure, models, data, applications, and workflows into a composable and agent-ready ecosystem. The company was incorporated in 1968 and is headquartered in Santa Clara, California.
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12
Reported positions
1
Bought
1
Sold
31
Letters
Position history
Between Q1 2025 and Q3 2026, 12 fund letters reported a position in Intel — 1 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 1 |
| Q2 2026 | 11 | 1 | 1 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Fund activity · 12 positions · 2 moves
- July 2026
“8. Intel (INTC) ● Business: Global leader in semiconductor design and manufacturing. ● Insider Buying/Selling: Based on recent financial reports and SEC Form 4 filings, Intel Corporation (INTC) has seen virtually no significant open-market insider buying over the last 90 days although the U.S Government, Nvidia, and others have taken significant stakes last year. ● Recent News: The primary driver behind Intel's massive year-to-date stock rally (surging over 240% in H1 2026) was an announcement on June 18, 2026, when President Donald Trump stated on social media that Apple (AAPL) agreed to partner with Intel to design and manufacture chips domestically in the U.S. While neither Apple nor Intel has formally signed or finalized details, Wall Street viewed this as a monumental validation of Intel's 18A and 18A-P manufacturing nodes. Analysts at Reuters point out that actual high-volume production for Apple chips would still be two to three years away (expected around late 2027 to 2029), presenting long-term execution risks. SpaceX unveiled Terafab in March 2026, a semiconductor venture with Tesla, xAI, and Intel to build chips for orbital AI data centers, with initial investment of $55 billion and total investment of $119 billion, where Intel contributes 14A manufacturing process. Intel stock surged 425% over the past year under CEO Lip-Bu Tan, with the company mastering 18A manufacturing for 1.8 nanometer chips to compete with TSMC and AMD.2 Our Thesis: Intel represents a critical entity in domestic semiconductor fabrication, making the reshoring of semiconductor manufacturing an essential priority for the United States. The primary alternative provider in this sector is TSMC, which commands the vast majority of advanced nodes globally, with estimates indicating a market share of 80% to 90% for high-volume, cutting-edge artificial intelligence silicon. It is improbable that TSMC will relocate most of its critical manufacturing infrastructure to the United States, as this capacity serves as a strategic deterrent against potential intervention by China. TSMC functions as a vital protective asset for 10 Confidential The Insiders Fund Taiwan, and the nation is unlikely to establish sufficient capacity within the United States to diminish the strategic necessity of its external defense. Although an investment in Intel may appear inconsistent with prior observations regarding an impending data center bubble, a strategic rationale supports the decision. Following the limited public support for the conflict between Iran and the United States, it is highly improbable that the American public would support a military conflict with China over Taiwan, given the anticipated loss of U.S. lives and resources. Consequently, the success of Intel appears to be a necessary outcome. If capital spending slows, Intel will not be spared but it might go on longer than most. At any case we are small and agile and can exit easily if needed.”
Intel - June 2026
“Market Overview After a challenging first quarter that saw the S&P 500 Index decline 4.3%, markets rebounded sharply in the second quarter. The S&P 500 climbed 15.2%, driven by a surge in information technology (IT) stocks, particularly semiconductor stocks, which soared 44.0%. The ClearBridge Dividend Strategy rose nicely but lagged the exuberant gains of S&P 500 mainly due to our lower technology exposure. While no one likes to trail in sharp market rallies, diversified dividend growth portfolios tend to lag in these narrow, momentum driven markets. Our research shows, however, that these periods tend to be followed by periods of broader market participation in which diversified dividend-growth portfolios shine. Semiconductor memory stocks were the standout performers. Shares of Micron, the largest producer of storage chips, skyrocketed 240%, adding over $900 billion of market cap — more than the entire market capitalization of Exxon Mobil, Johnson & Johnson or JPMorgan Chase. Our underweight to Micron and a select group of other non-dividend- paying data center plays, like Advanced Micro Devices, Intel and SanDisk, were the largest drivers of our relative underperformance. We previously owned Intel but sold it in 2024 when the company eliminated its dividend.”
Intel - June 2026
“Some of the best performers were stocks benefiting from investors’ increasingly positive view on the semiconductor cycle and AI-related demand. Holdings in the Intel, SK Square, TSMC and ASM International were among the fund's strongest contributors.”
Intel - June 2026
“Some of the best performers were stocks benefiting from investors’ increasingly positive view on the semiconductor cycle and AI-related demand. Holdings in Intel, SK Square, TSMC and ASM International were among the fund's strongest contributors.”
Intel - June 2026
“Performance commentary The trust outperformed its benchmark over the quarter. This was the result of positive stock selection, with holdings in the information technology and healthcare sectors performing particularly well. Some of the best performers were stocks benefiting from investors’ increasingly positive view on the semiconductor cycle and AI-related demand. Holdings in the Intel and Micron Technology were among the fund's strongest contributors.”
Intel - June 2026
“The fund outperformed its benchmark over the quarter. This was the result of positive stock selection, with holdings in the information technology and healthcare sectors performing particularly well. Some of the best performers were stocks benefiting from investors’ increasingly positive view on the semiconductor cycle and AI-related demand. Holdings in the Intel and Micron Technology were among the fund's strongest contributors.”
Intel - June 2026
“Performance commentary The fund outperformed its benchmark over the quarter, which was mainly the result of positive stock selection. Holdings in the healthcare and information technology sectors proved particularly beneficial. Some of the best performers were stocks benefiting from investors’ increasingly positive view on the semiconductor cycle and AI-related demand. Holdings in the Intel, SK Hynix, Micron Technology and TSMC were among the fund's strongest contributors.”
Intel - New positionAve Maria FundsJune 2026
“The Fund also initiated positions in Intel Corporation, Nvidia Corporation, and Taiwan Semiconductor Manufacturing Company Ltd. during the quarter to increase the Fund’s exposure to the A.I. buildout.”
Intel - June 2026
“Memory remains a key bottleneck in the AI infrastructure supply chain and Micron, Seagate are ongoing beneficiaries of the unprecedented AI capex by hyperscalers, reporting strong multi-year order books at historically high prices. Semiconductors also contributed strongly with Intel featuring in the largest risers.”
Intel - HoldsJAG Capital Management Large Cap Growth PortfolioJune 2026
“Our positions in leading semiconductor companies provided a tailwind to performance, led by Micron (MU), Advanced Micro Devices (AMD), Applied Materials (AMAT), and Intel (INTC).”
Intel - June 2026
“A year ago we wrote that Intel was struggling with a combination of falling behind the cutting edge of technology and a high debt load, and the stock was priced accordingly. This quarter Intel was our largest contributor by a wide margin, adding 4.94% to Fund performance. The improvement has been fundamental as well as sentimental. Intel reported second quarter revenue of $16.1 billion, up 25% year over year and its fastest growth in more than fifteen years, with gross margin expanding to 40.4% from 27.5%. Demand for server processors has been stronger than expected, and the company has moved its 18A manufacturing process into high volume production at its new facility in Arizona. Domestic semiconductor manufacturing has become a matter of national policy, and Intel remains strategically important to the buildout of computing capacity now underway. Though we did not explicitly forecast this, owning good businesses at good prices, over time, in a careful and diversified way, can produce steady results and occasionally an outsized one like Intel this quarter.”
Intel - HoldsPolen 5Perspectives Large GrowthJune 2026
“The top contributors to the Portfolio’s relative performance were Advanced Micro Devices, Intel, and Nebius Group.”
Intel
Also mentioned · 17
These funds discuss Intel — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedBrasada CM Brasada Private AccountsJune 2026
“Consider that in 1970, Intel introduced the first commercial dynamic random-access memory chips (better known as DRAM), but by 1985, Intel was forced to entirely abandon the market that it had invented.”
Intel - June 2026
“Portfolio Highlights The ClearBridge Appreciation Strategy underperformed the benchmark S&P 500 Index in the second quarter of 2026. On an absolute basis, the Strategy had positive contributions from eight of 11 sectors. The IT sector was the main positive contributor, while energy was the main detractor. In relative terms, stock selection and sector allocation detracted. Stock selection in IT, industrials, communication services, financials and consumer discretionary, overweights to materials and energy and an IT underweight detracted the most. Conversely, stock selection in materials and a consumer discretionary underweight were beneficial. On an individual stock basis, the biggest relative contributors during the quarter were ASML, Palo Alto Networks, ASM International, an underweight to Microsoft and not owning Palantir. The biggest detractors were Netflix, underweights to Micron Technology and Advanced Micro Devices, and not owning Intel and Applied Materials.”
Intel - June 2026
“ASML has benefited from a related but distinct dynamic. For some time, leading edge EUV tools looked like a two-buyer market: only TSMC and Samsung could afford to purchase at the scale required. Improving fundamentals across both logic and memory now mean Micron, SK Hynix, Intel, Tesla and others can all afford to pay up for the tools they need to stay competitive.”
Intel - June 2026
“Top detractors from relative performance: The semiconductor boom greatly benefited chipmakers the portfolio doesn’t hold, including AMD, Intel, and Micron.”
Intel - June 2026
“Many semiconductor stocks, and other parts of the AI complex, such as hardware and storage, recorded returns in excess of 100%. Micron, Intel, and SanDisk—which together comprised a Russell 1000 Value weight of more than 4%—each more than tripled during the quarter.”
Intel - June 2026
“Micron and Intel were two of the three largest detractors, because we did not own them and each returned more than +200% as constituents of our benchmark.”
Intel - June 2026
“On the downside, part of the negative attribution over the quarter came from stocks that we do not own, especially those related to the AI-memory boom. The portfolio’s relative lack of exposure to Intel, Seagate Technology and Kioxia were among the most significant negative contributors, as they all benefited from the surge in AI memory-related stocks.”
Intel - June 2026
“Performance commentary The fund outperformed its index over the quarter, which was the result of positive stock selection. The fund’s holdings in the technology sector made a particularly strong contribution to returns. Holdings in Micron, Samsung and TSMC continued to benefit from the tight market for semiconductor memory and surging manufacturing demand. The holding in Alphabet also proved beneficial. Shares in the owner of Google rose following the release of encouraging results, which also gave investors confidence about its direction of AI integration. On the downside, holdings that had previously benefited from rising tensions in the Middle East underperformed. Late Life Cycle energy companies, Shell and Suncor Energy, gave back some gains from the previous quarter, after agreement appeared to have been struck to end the US conflict with Iran and the ‘war premium’ in commodity prices faded. Despite the strong performances of the portfolio’s technology-related holdings, we retain an underweight position overall relative to the benchmark. Certain technology stocks that we don’t hold, such as Intel and Advanced Micro Devices, performed well and had a negative influence on relative returns.”
Intel - MentionedMD SASS Concentrated ValueJune 2026
“Because many of those suppliers, including Micron, Intel, Western Digital, Dell, and Marvell, were traditionally viewed as cyclical businesses,”
Intel - MentionedOakmark FundJune 2026
Named in a table in Oakmark Fund’s letter.
Intel - MentionedBrown Advisory U.S. Value FundJune 2026
“No two quarters are ever the same in the market, but the second quarter of 2026 was one of the most unique three-month periods we can remember. During the first quarter investor fears around the potential long-term disruption from artificial intelligence (AI) rippled across various sectors of the market and called into question the terminal value of some business models. Fast forward to the second quarter, and many of those fears reversed course with investor excitement around accelerated capex spending tied to artificial intelligence driving some of the biggest sector and individual large cap moves we can ever remember witnessing. Just three months ago we wrote about the strength of the Energy sector, with a 38% total return during the first quarter vs a 2% return for the Russell 1000® Value Index overall. Amazingly those energy numbers seem almost ordinary after the Information Technology sector saw a return >80% during the second quarter vs a 13.8% return for the Index. In what is typically reserved for speculative small cap stocks during bouts of market euphoria, large cap companies such as Micron, Intel and Sandisk all saw returns of >210% in the 90-day period, adding hundreds of billions of dollars of collective market cap.”
Intel - June 2026
“In what is typically reserved for speculative small cap stocks during bouts of market euphoria, large cap companies such as Micron, Intel and Sandisk all saw returns of >210% in the 90-day period, adding hundreds of billions of dollars of collective market cap.”
Intel - MentionedHamlin Capital Management Equity and High Yield Municipal Bond StrategiesJune 2026
“Stocks exposed to the AI-driven surge in demand for memory and CPUs rose significantly, with Micron, Intel, and SanDisk all up over 200% in the quarter and accounting for nearly 5% of Value's quarterly return.”
Intel - MentionedLiontrust Global Technology FundJune 2026
Named in a table in Liontrust Global Technology Fund’s letter.
Intel - MentionedLiontrust GF Global Technology FundJune 2026
Named in a table in Liontrust GF Global Technology Fund’s letter.
Intel - MentionedDiamond Hill Long-Short FundJune 2026
“includes astounding returns for companies such as Micron, Advanced Micro Devices, Intel, Sandisk and many others, where we have little exposure.”
Intel - MentionedBristolgate U.S. Equity StrategyJune 2026
“On a relative basis, three of the largest detractors that we did not own were Micron Technology (MU), Advanced Micro Devices (AMD) and Intel (INTC).”
Intel
Fund coverage · 3 theses
- Alpha Wealth Fund The Insiders FundJuly 2026
Intel is positioned as a strategic U.S. semiconductor fabrication asset tied to reshoring and domestic chip manufacturing.
Read the full thesis - Royal London Global Equity Select FundDecember 2025
Intel is a turnaround backed by new management, strategic US government and Nvidia support, and a strengthened balance sheet to drive foundry adoption.
Read the full thesis - TCW Relative Value Large Cap FundMarch 2025
Intel Corp. is poised for a turnaround under new CEO Lip-Bu Tan, with a focus on restructuring and innovative products that aim to enhance cash flow and earnings.
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