智通财经网·2025-11-15 06:39Core Insights - Major hedge funds on Wall Street reduced their holdings in the "Big Seven" U.S. stocks during Q3 while increasing investments in software, e-commerce, and payment sectors [1] - The shift in strategy comes after a period of optimism regarding large tech stocks, which saw inflated valuations due to AI hype, but these valuations have since begun to decline [1] - The S&P 500 index rose nearly 8% and the Nasdaq 100 index increased by approximately 9% during the third quarter, indicating overall market growth [1] Fund Adjustments - Bridgewater Associates: - Significantly cut its Nvidia (NVDA.US) holdings by nearly two-thirds to 2.5 million shares and halved its Google (GOOGL.US) position to 2.65 million shares [1][2] - Reduced Amazon (AMZN.US) holdings by 9.6% to about 1.1 million shares and cut Broadcom (AVGO.US) shares by approximately 27% to 845,391 shares [1] - Increased exposure in software and payment sectors by adding positions in Adobe (ADBE.US), Dynatrace (DT.US), and Etsy (ETSY.US) [2] - Discovery Capital: - Established new positions in Google, Cleveland-Cliffs (CLF.US), Cigna (CI.US), and Elevance Health (ELV.US) during Q3 [3] - Cleared out positions in several energy exploration companies while increasing holdings in Baker Hughes (BKR.US) and Ramaco Resources (METC.US) [4] - Berkshire Hathaway: - Reported holding Google shares valued at $43 and further reduced its Apple (AAPL.US) holdings [5] - Balyasny Asset Management: - Increased its Apple holdings significantly while reducing Amazon shares by about 41% [7] - Added positions in American International Group (AIG.US) and Allstate (ALL.US), and established a new position in American Tower (AMT.US) [7] - Tiger Global Management: - Substantially reduced its Meta (META.US) holdings to 2.8 million shares valued at approximately $2.1 billion and cleared out positions in Eli Lilly (LLY.US) and CrowdStrike (CRWD.US) [8] - Initiated new positions in Netflix (NFLX.US) and Klarna (KLAR.US) [8] - Coatue Management: - Followed the trend of reducing Nvidia holdings by 14.1% to 9.9 million shares and also cut positions in Tesla (TSLA.US), Amazon, CoreWeave (CRWV.US), and Arm (ARM.US) [9] - Increased investments in Microsoft (MSFT.US), Meta, and maintained a strong position in Alibaba (BABA.US) [9]