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To: Smart_Money who wrote (35771)	9/21/2000 6:50:52 PM
From: Smart_Money	Respond to of 57584

Fidelity has 15 billion invested in Intel. ouch.

To: Smart_Money who wrote (35771)	9/21/2000 6:59:38 PM
From: JLS	Read Replies (2) \| Respond to of 57584

American Capital Exchange has 40% of it's assets in INTC!! Are they on crack? Isn't that illegal, or at least, incredibly stupid? If anyone has any of these funds they should look carefully at their asset allocation. The principle of mutual funds is that the money is spread out amongst MANY stocks, thereby reducing risk, which is something we practice here on a daily basis. Fidelity, on the other hand, only has 3% in INTC, which is a much more responsible allocation. The funds with the biggest bets on Intel. Fund Percentage of Assets in Intel YTD Performance American Capital Exchange 40.3% 23.7% Matthew 25 16.1 4.8 Papp America-Abroad 14.6 1.9 Kenilworth 14.4 20.6 Granum Value 13.5 7.0 Papp Focus 13.5 7.3 Rydex Electronics 11.8 42.4 Papp Stock 10.3 -0.4 Firststar Relative Value 10.1 -1.5 Rydex Technology 9.5 -0.5 Source: Morningstar. Performance through Sept. 7 The Big Five The five biggest institutional shareholders of INTC include fund titans like Fidelity and Vanguard. Firm % INTC Owned Second Quarter Share Change June 30 Value Fidelity 3.1 24,960,444 $15.6 billion Barclays 3 11,341,854 $15.3 billion AXA Financial 2.3 9,137,718 $11.5 billion State Street Corporation 1.9 -2,937,380 $9.5 billion Vanguard 1.6 680,176 $8 billion Source: bigdough.com -------------------------------------------------------------------------------- Brett Fromson writes daily for TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. He invites you to send your feedback to bfromson@thestreet.com. thestreet.com