ChainThink reports that, on August 18, the U.S. Q2 13F filing revealed that multiple hedge funds and sovereign wealth funds adjusted their technology stock positions during the quarter ended June 30, overall increasing holdings in SpaceX and Alphabet, reducing positions in NVIDIA and Broadcom, and shifting toward AI storage and infrastructure.
SpaceX was one of the assets with concentrated institutional buying this quarter; all nine institutions that disclosed their positions increased their holdings or initiated new positions, with no reductions.
The Saudi sovereign wealth fund, D1 Capital, and NVIDIA are among the top holders, while institutions such as Altimeter Capital, Viking Global, Tiger Global, and Appaloosa have also disclosed their positions in SpaceX for the first time.
Regarding Alphabet, 11 institutions bought and 6 institutions sold; Berkshire Hathaway significantly increased its holdings in Google, while funds such as Third Point, Duquesne, and Altimeter also increased their positions.
Some growth funds, including Pershing Square, Viking Global, and Tiger Global, reduced or exited their positions. Amazon showed significant divergence, with 18 funds adjusting their positions—9 bought and 9 sold.
NVIDIA and Broadcom show stronger signs of selling pressure, with D1 Capital, Discovery Capital, Third Point, and others fully exiting their NVIDIA positions, while multiple institutions have also exited Broadcom.
Meanwhile, Seagate Technology, CoreWeave, and several other computing infrastructure companies have attracted institutional attention, indicating that AI investment is expanding beyond chip manufacturers to include storage, computing power, and infrastructure sectors.