The performance of Large Language Models (LLMs) on natural language tasks can be improved through both supervised fine-tuning (SFT) and in-context learning (ICL), which operate via distinct mechanisms. SFT updates the model’s weights by minimizing loss on training data, whereas ICL leverages task demonstrations embedded in the prompt, without changing the model’s parameters. This study investigates the effects of these learning paradigms on the hidden representations of LLMs using Intrinsic Dimension (ID). We use ID to estimate the number of degrees of freedom between representations extracted from LLMs as they perform specific natural language tasks. We first explore how the ID of LLM representations evolves during SFT and how it varies due to the number of demonstrations in ICL. We then compare the IDs induced by SFT and ICL and find that ICL consistently induces a higher ID compared to SFT, suggesting that representations generated during ICL reside in higher dimensional manifolds in the embedding space.