Core Insights - SoftBank's total market value of U.S. stock holdings reached $26 billion for Q3 2025, up 4% from $24.9 billion in the previous quarter [1][2] - The top ten holdings accounted for 95.94% of the total portfolio value [2] Holdings Activity - New Purchases: 4 stocks [2] - Added to Existing Positions: 2 stocks [2] - Sold Out of: 2 stocks [2] - Reduced Holdings in: 4 stocks [2] Top Holdings - T-Mobile US (TMUS) is the largest holding with approximately 45.17 million shares valued at about $10.81 billion, representing 41.64% of the portfolio, with a decrease of 29.26% in shares held [3][5] - NVIDIA (NVDA) is the second-largest holding with approximately 32.11 million shares valued at $6 billion, accounting for 23.07% of the portfolio, with an increase of 5.19% in shares held [3][5] - Intel (INTC) is a new addition with approximately 86.96 million shares valued at $2.92 billion, making up 11.23% of the portfolio [3][6] - Symbotic (SYM) holds approximately 39.83 million shares valued at $2.15 billion, representing 8.27% of the portfolio, with no change in shares held [3][6] - Webtoon Entertainment (WBTN) has approximately 31.43 million shares valued at $610 million, accounting for 2.35% of the portfolio, with no change in shares held [4][6] Recent Transactions - SoftBank sold all its shares in NVIDIA, cashing out approximately $5.8 billion [3] - New positions were established in Klarna Group, Ambiq Micro, and Concorde International Group [6] - SoftBank completely exited positions in Cipher Mining and Oracle [6] - Significant reductions were made in holdings of Nu Holdings, Metsera, and Lemonade, while a substantial increase was noted in Full Truck Alliance [6][8]

Group 1 - The US dollar index fell by 0.56% to 96.81 points, with the euro rising to 1.1836, the highest level since September 2021 [1] - Spot gold surged above $3700 per ounce, marking a historical high with an increase of $1076 per ounce for the year [1] - The US stock market opened slightly higher, with the Nasdaq up 0.22%, S&P 500 up 0.13%, and Dow Jones up 0.08% [1] Group 2 - WEBTOON stock rose by 32% following Disney's acquisition of a 2% stake in the company [1] - Wolf Speed, a global silicon carbide manufacturer, saw its stock increase by over 6%, doubling its market value in the past three trading days [1] - Oracle's stock rose by over 3%, while the New York Times fell by approximately 2% due to a $15 billion lawsuit filed by former President Trump [1] Group 3 - Stephen Milan is expected to participate in the Federal Reserve meeting starting on September 16, having previously served as a senior economic policy advisor during Trump's first term [2] - Analysts believe that at least three Federal Reserve governors, including Milan, may support a rate cut in the upcoming meeting [2] Group 4 - The market anticipates a 95.8% probability of a 25 basis point rate cut by the Federal Reserve in the September 17 meeting, with a 4.2% chance of a 50 basis point cut [3] - Trump expressed expectations for a "significant rate cut" during the upcoming Federal Reserve meeting, which would be the first cut since December of the previous year [3]