Invesco Reports 5.8% Wolfspeed Stake Held By Its Investment-Adviser Clients
Wolfspeed is seeking AI data-center business while revenue declines and its $1.5 billion federal financing deal advances.
Invesco reported a 5.8% passive stake in Wolfspeed, which makes silicon carbide materials and semiconductors that handle electric power, in an SEC ownership filing Tuesday. The position was measured as of September 30, 2026, and belongs to its investment-adviser clients rather than directly to the parent company.
Clients Hold The Shares
Invesco's reported position covers 3,063,549 common shares. As the parent of the investment advisers, Invesco may be treated as their beneficial owner—an ownership measure that includes authority over shares held by others.
Invesco has sole authority to vote 3,062,706 shares and sole authority to sell or direct sales of the full reported position. The clients holding the stock are entitled to its dividends and sale proceeds.
The Invesco Semiconductors ETF owns 5.30% of the security. Its adviser, Invesco Capital Management, is an Invesco subsidiary. Invesco certified that the holdings arose from ordinary business activity and were not bought or held to influence control of Wolfspeed.
AI Ambitions Meet Workforce Cuts
Wolfspeed is pursuing AI data-center customers while contending with a smaller business: it reported a year-over-year revenue decline and cut its headcount. Its $1.5 billion federal financing deal is also advancing.
The Durham, North Carolina-based company's power devices include transistors, diodes and modules used in electric vehicles, charging equipment, AI data centers, solar inverters, server power supplies and grid modernization. It also sells wafers that customers use to build power and radio-frequency products, and serves aerospace and defense applications.
Most of its products are made in North Carolina, New York and Arkansas, with some work handled by contract manufacturers. Wolfspeed had 2,371 regular full- and part-time employees as of June 28, 2026.
Customer concentration is another feature of the business: two customers each supplied more than 10% of revenue and together accounted for 38% from September 30, 2025, through June 28, 2026. Wolfspeed's market value was $1.4 billion as of 5:38 p.m. ET Tuesday.
The reported Invesco position represents client holdings, with the manager expressly ruling out a control-seeking purpose.
Sources
- SCHEDULE 13G — Invesco Ltd. re: Wolfspeed Inc (WOLF) — SEC EDGAR
- Wolfspeed Inc. (NYSE:WOLF) : Cases :: Law360 — law360.com
- Wolfspeed Inc. (NYSE:WOLF) : Articles :: Law360 — law360.com
- Chipmaker Wolfspeed looks to federal support as revenue falls - Triad Business Journal — bizjournals.com
