SoftBank Group disclosed its Q3 13F filing with the U.S. Securities and Exchange Commission (SEC) as of September 30, 2025. The report revealed that SoftBank’s U.S. equity portfolio totaled $26 billion, up 4% quarter-over-quarter from $24.9 billion in Q2.

During the quarter, SoftBank added four new positions, increased stakes in two holdings, reduced four, and fully exited two. Its top 10 holdings accounted for 95.94% of the total portfolio value.

**Top Holdings**: 1. **T-Mobile US (TMUS.US)** remained the largest position, with 45.17 million shares valued at $10.8 billion (41.64% of the portfolio). However, the stake was cut by 29.26% from the previous quarter. 2. **Nvidia (NVDA.US)** held the second spot, with 32.11 million shares worth $6 billion (23.07% of the portfolio), up 5.19% QoQ. Notably, SoftBank later disclosed it had sold all Nvidia shares, realizing approximately $5.8 billion. 3. **Intel (INTC.US)** emerged as the third-largest holding, with 86.96 million shares valued at $2.9 billion (11.23%). This was a new position, following SoftBank’s $2 billion investment in August 2025 to acquire a 2% stake in Intel at $23 per share, making it one of Intel’s top-five shareholders. 4. **Symbotic (SYM.US)**, a warehouse robotics firm, held steady as the fourth-largest position with 39.83 million shares ($2.1 billion, 8.27%). 5. **Webtoon Entertainment (WBTN.US)**, a South Korean webcomic platform, rounded out the top five with 31.43 million shares ($600 million, 2.35%).

**Other Key Moves**: - **New Positions**: SoftBank initiated stakes in Klarna Group (KLAR.US), Ambiq Micro (AMBQ.US), and Concorde International Group (CIGL.US). - **Exits**: The firm fully divested from crypto miner Cipher Mining (CIFR.US) and Oracle (ORCL.US). - **Adjustments**: SoftBank trimmed holdings in Nu Holdings (NU.US), Metsera (acquired by Pfizer), and Lemonade (LMND.US), while significantly boosting its stake in Full Truck Alliance (YMM.US).

**Top Buys/Sells**: - **Top Buys**: Intel, Nvidia, Klarna Group, Full Truck Alliance, Ambiq Micro. - **Top Sells**: T-Mobile US, Oracle, Lemonade, Cipher Mining, Nu Holdings.