US EditionUS hedge funds mixed on ‘Magnificent Seven’ stocks in Q3
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US hedge funds mixed on ‘Magnificent Seven’ stocks in Q3
Some of the largest US hedge funds, including Bridgewater, Tiger Global and Lone Pine, pared back positions in the so-called “Magnificent Seven” during the third quarter, while others upped their holdings or opened new positions, according to a report by Reuters. Te report cites newly released 13F filings as showing some fund trimmed stakes in Nvidia, Amazon, Alphabet and Meta. The shift marks a reversal from Q2, when managers had ramped up expo…
Wall Street's largest hedge funds reduced its exposure to the shares of the Seven Magnificents, in the third quarter, while taking new positions in software companies for applications, e-commerce and payments, according to regulatory documents presented on Friday.During the quarter ending September 30, several funds also reduced their exposure to prominent names in the health and energy sectors.The last positions marked a change from the second …
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