Fairholme Capital Management LLC has disclosed a significant decrease in its holdings of Intel Corporation (NASDAQ: INTC). According to the company’s most recent filing with the SEC, Fairholme Capital Management LLC lowered its Intel holdings by 52.6% during the fourth quarter.
The firm sold 308,000 shares of the chip maker’s stock, leaving them with 277,300 shares. Despite the reduction, Intel still accounts for approximately 0.6% of Fairholme Capital Management LLC’s holdings, maintaining its position as the firm’s 7th largest investment. The value of Fairholme Capital Management’s stake in Intel stood at $7,329,000 as of the latest SEC filing.
Following this news, Intel Corporation’s shares experienced a slight increase of 1.04% during after-hours trading on Wednesday, reaching a price of $35.95.
Notably, other hedge funds and institutional investors have also been actively trading Intel shares.
Clearbridge Investments LLC significantly increased its stake in Intel during the first quarter. The company now owns a staggering 16,439,207 shares of Intel’s stock, valued at $814,727,000. This increase was marked by an additional purchase of 16,074,485 shares in the last quarter.
Two Sigma Advisers LP also raised its stake in Intel by a remarkable 114.3% during the third quarter. They now possess 15,152,975 shares of Intel’s stock, valued at $390,492,000. This increase involved the acquisition of an additional 8,080,700 shares in the last quarter.
Moreover, Arrowstreet Capital Limited Partnership raised its stake in Intel by an impressive 43.3% during the fourth quarter. Their holdings now consist of 19,843,312 shares of Intel’s stock, valued at $524,459,000. This increase came after purchasing an additional 5,995,350 shares in the last quarter.