美股IPO·2025-08-15 08:33Core Insights - Microsoft emerged as the most favored stock among hedge funds in Q2, with holdings increasing by $12 billion to $47 billion, led by Bridgewater's significant increase [1][4][5] - Alibaba faced the largest reduction in holdings, with a decrease of $1.55 billion, also led by Bridgewater [1][6][7] - Technology stocks accounted for the largest weight in hedge fund portfolios at 23%, followed by financial stocks at 17% [3][9] Group 1: Microsoft - Microsoft became the most valuable asset held by hedge funds, with a total holding value of $46.83 billion, reflecting a $12 billion increase from Q1 [4][5] - Bridgewater was the largest buyer of Microsoft, adding 905,600 shares, followed by Walleye Capital with an increase of 882,900 shares [5] - The significant growth in Microsoft holdings was driven by both net purchases and a surge in the company's stock price, fueled by the AI concept [5] Group 2: Alibaba - Alibaba experienced the largest reduction in holdings among hedge funds, with a market value decline of $1.55 billion [1][6] - Bridgewater led the reduction by selling 5.66 million shares, while Coatue Management also reduced its position by 2.93 million shares [6] - This reduction trend indicates a cautious attitude among hedge funds towards Chinese technology stocks [7] Group 3: Overall Hedge Fund Activity - The total holdings of 716 hedge funds increased from $622.94 billion to $726.54 billion over the quarter [3] - Technology stocks maintained the highest allocation in hedge fund portfolios, reflecting investor confidence in the long-term growth prospects of the sector [9] - In contrast, the energy sector saw the least investment value growth, with notable reductions in holdings by Arrowstreet Capital and Oaktree Capital [9]