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Billionaire Israel Englander Sold 59% of Millennium's Stake in Palantir and Has Opted to Pile Into a Stock Consumers Absolutely Adore

The Motley Fool

Englander and his team run a very active hedge fund, with thousands of positions and close to $216 billion in AUM, as of the midpoint of 2024. But during the second quarter, Englander oversaw the sale of 7,074,815 shares of Palantir , which reduced Millennium's stake by 59% to 4,973,308 shares.

Stakes 246
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Billionaire Jeff Yass Sold 73% of Susquehanna's Stake in Nvidia and Is Piling Into This Beloved Artificial Intelligence (AI) Stock Instead

The Motley Fool

Admittedly, 13Fs have a drawback -- they're filed up to 45 calendar days following the end to a quarter, which means they're likely providing stale information for active hedge funds. During the second quarter, Yass's fund jettisoned 52,497,275 shares of Nvidia's stock, which reduced its stake by 73% from the March-ended quarter.

Stakes 246
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This Billionaire Just Dumped Nvidia Stock. Should You Follow Suit?

The Motley Fool

These investors include some billionaire hedge fund managers, such as David Tepper, who runs Appaloosa Management. Billionaire Ken Griffin, head of Citadel Advisors, sold off about 80% of his Nvidia stake in Q2. Managing a hedge fund isn't like having an individual portfolio. Is it time to follow suit?

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Billionaire Steven Cohen Sold 87% of Point72's Stake in Nvidia and Is Piling Into This Supercharged Stock-Split Stock

The Motley Fool

Perhaps the most surprising aspect of Cohen's hedge fund, which contains thousands of positions and has more than $38 billion in AUM, has been his and his team's approach to Wall Street's artificial intelligence (AI) darling, Nvidia (NASDAQ: NVDA). 11, is a bit excessive for a restaurant chain.

Stakes 246
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Forget Nvidia: Prominent Billionaires Are Selling It and Piling Into These 4 Artificial Intelligence (AI) Stocks Instead

The Motley Fool

Even if these chips are simply to complement Nvidia's prized H100 GPU, it signals a purposeful lessening of reliance on the company's data center GPU architecture over time. Billionaire Ken Griffin chose something a little more "Magnificent" Since its inception in 1990, Ken Griffin's hedge fund has generated $74 billion in total gains.

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Billionaire Cliff Asness Sold 92% of AQR's Stake in Taiwan Semiconductor and Is Piling Into This Scorching-Hot Ultra-High-Yield Dividend Stock

The Motley Fool

Between thousands of public companies reporting their operating results each quarter and economic data being released daily, it can be easy to miss something important. AQR is an active hedge fund, so seeing Asness and his advisors ring the register isn't out of the question. For example, Aug. Image source: Getty Images.

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This Is Who Owns the Most Alphabet Stock Besides Larry Page, Sergey Brin, and Eric Schmidt

The Motley Fool

Between the two, they own a 6% stake in the megacap tech giant. stake, worth about $11 billion. Alphabet's largest shareholders According to regulatory filings, the largest owners of Alphabet stock are companies that operate index funds -- specifically Vanguard, BlackRock , and State Street.