Japanese investment holding company SoftBank (OTCPK:SFTBY) in the first quarter purchased new stakes in Taiwan Semiconductor (NYSE:TSM) and Oracle (ORCL), exited its holdings in SoundHound AI (NASDAQ:SOUN), and increased its stake in chip giant Nvidia (NASDAQ:NVDA), among other moves.
SoftBank Group disclosed the information in its latest 13F filing, which was published on Thursday.
Some new stakes in the quarter include 1.99 million sponsored American depositary shares in the world’s largest contract chipmaker, Taiwan Semiconductor (NYSE:TSM), 1.22 million shares in Oracle (ORCL) and a stake of 10.44 million shares in developer and operator of industrial-scale data centers Cipher Mining (CIFR).
SoftBank significantly increased its stake in chip giant Nvidia to 30.53 million shares in Q1 from 10.51 million in the previous quarter.
As per its 13F filing, the group trimmed its stake in mobile satellite service provider Globalstar (GSAT) by 93% to 321K in Q1 from 4.82 million in the previous quarter.
Other cuts included stakes in digital freight platform operator Full Truck Alliance (YMM) – cutting by about 25% to 3.12 million shares in Q1 2025 vs. Q4 2024 – and Lemonade (LMND) by about 2.30% to 10.45M shares.
Lastly, the bank exited its stake in SoundHound (NASDAQ:SOUN) in Q1, selling 1.07 million shares.
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