WOLFSPEED INC

Wolfspeed Inc. (WOLF, CUSIP 97785W106) entered Q1 2026 with $853M of institutional 13F value across 152 holders — a stock whose institutional footprint is appropriate for a silicon carbide (SiC) semiconductor and materials company whose product roadmap addresses the EV-charging, power-grid, and industrial-power-electronics markets via wide-bandgap substrate and device technology. The defining Q1 signal is simultaneous institutional inbound rotation and concentrated exit: eight new positions opened (including Slate Path Capital at $68M and Vanguard at $29M) while Morgan Stanley, Goldman Sachs, Millennium Management, Citigroup, State Street, Bank of America, Shah Capital, Tudor Investment, and BlackRock all meaningfully added, with the primary named seller being Susquehanna International Group cutting $70M. The rotation pattern is consistent with thematic semiconductor and EV-power management cohort building SiC exposure as the technology moves from design-in to volume-production phase across EV OEMs and industrial power converters. For smart-money trackers, WOLF represents the concentrated EV-power-semiconductor alternative to the broad semiconductor index — the institutional move in Q1 is best read as a sector-mandate rotation into the SiC tier within the semiconductor complex.