Major hedge funds reduced holdings in the Magnificent Seven in Q3 as Berkshire Hathaway bought Alphabet stock.
This move signals a divergent trend in large-cap bets on Wall Street amid shifting sentiment toward tech and related sectors.
Many funds cut positions in Apple, Nvidia, and Meta while expanding into non-big-tech areas such as application software, ecommerce, and payment solutions.
Bridgewater increased its stake in fintech firm Fiserv, with Discovery Capital also initiating a position in the stock, though Fiserv plunged 44% after its quarterly results miss.
Bridgewater expanded exposure to software and payments infrastructure names such as Adobe and Dynatrace, among others.
Lone Pine Capital and Tiger Global reduced their Meta holdings by 34.8% and 62.6%, respectively.
Bridgewater and Cotu Management also reduced Nvidia positions; Nvidia shares were trimmed to about 2.5 million and 9.9 million shares, respectively.
Bridgewater’s Alphabet holding was cut to roughly 2.65 million shares.
Discovery Capital added Alphabet, Cleveland-Cliffs, and Cigna to its portfolio.
Berkshire Hathaway, led by Warren Buffett, bought Alphabet worth about $4.3 billion while trimming Apple.

Hedge Funds Trim M7 Holdings as Buffett Buys Alphabet
Major hedge funds reduced holdings in the Magnificent Seven in Q3 as Berkshire Hathaway bought Alphabet stock. This move signals a divergent trend in large-cap bets on Wall Street amid shifting sentiment toward tech and related sectors. Many funds cut positions in Apple, Nvidia, and Meta while expanding into non-big-tech areas such as application software,…

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