Institutional investors cut stakes in Intel and Palantir

Waypoint Wealth Counsel reduced its position in Intel Corporation by 30.1% in the first quarter, selling 8,303 shares and ending the period with 19,302 shares worth about $852,000. SMART Wealth LLC lowered its holding in Palantir Technologies by 73.4% during the same quarter, selling 14,101 shares and retaining 5,117 shares valued at roughly $749,000.

Both filings illustrate a broader trend of institutional investors adjusting exposure to major U.S. technology companies, with other hedge funds and asset managers also filing recent changes in their holdings of Intel and Palantir.