Huo Xing Cai Jing reports that, on August 18, the U.S. Q2 13F filing data revealed that multiple hedge funds and sovereign wealth funds significantly rebalanced their technology stock positions during the quarter ended June 30, with capital shifting toward SpaceX, increasing positions in Alphabet, reducing holdings in NVIDIA and Broadcom, and moving toward AI storage and infrastructure sectors. SpaceX emerged as one of the most sought-after assets by institutional investors this quarter, with all nine institutions disclosing positions either increasing or initiating new stakes—none reduced their holdings. Among them, the Saudi Sovereign Wealth Fund, D1 Capital, and NVIDIA held some of the largest positions; meanwhile, prominent hedge funds including Altimeter Capital, Viking Global, Tiger Global, and Appaloosa disclosed their first positions in SpaceX following its public listing. Alphabet saw concentrated institutional buying, with 11 institutions increasing positions and six reducing them. Berkshire Hathaway significantly increased its Google holdings, while funds such as Third Point, Duquesne, and Altimeter also added to their positions. However, some growth-oriented funds—including Pershing Square, Viking Global, and Tiger Global—chose to reduce or exit their positions. Amazon became one of the most divided technology stocks among institutions, with 18 funds adjusting their positions this quarter—nine increased and nine decreased. Institutions such as Viking Global and Appaloosa notably increased their stakes, while Pershing Square, D1 Capital, and Tiger Global opted to reduce theirs. Regarding NVIDIA and Broadcom, institutional selling pressure intensified: multiple funds cut their NVIDIA positions, with D1 Capital, Discovery Capital, and Third Point fully exiting; Broadcom saw several institutions exit entirely, with only a few funds adding to their holdings. Meanwhile, capital began flowing into AI supply chain segments focused on storage and infrastructure, with Seagate Technology, CoreWeave, and other compute infrastructure firms attracting institutional attention. Additionally, consumer internet and tech giants such as Uber, Visa, Netflix, and Microsoft also saw divergent institutional positioning. Notably, Pershing Square initiated new positions in Netflix, Visa, and Mastercard; Tiger Global significantly reallocated its growth stock portfolio. Overall, the Q2 13F data indicates that certain value-oriented and macro funds are increasing their exposure to technology assets, while some growth-oriented funds are taking profits amid market gains. The AI investment thesis is further expanding beyond chip manufacturers to encompass storage, compute power, and infrastructure.
Q2 13F Filings Show Hedge Funds Increasing Positions in SpaceX and Alphabet, Reducing NVIDIA Exposure
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Summary
Q2 13F filings reveal hedge funds raising support and resistance levels for SpaceX and Alphabet while reducing exposure to NVIDIA. Nine institutions added or initiated positions in SpaceX, with Berkshire Hathaway and Altimeter Capital increasing their stakes in Alphabet. NVIDIA and Broadcom experienced sell-offs as funds shifted toward AI infrastructure. On-chain trading signals indicate rising interest in Seagate and CoreWeave, reflecting capital reallocation toward storage and compute.
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