Hedge Fund 13F Holdings for the Second Quarter: Institutions Bullish on SpaceX and Alphabet, Reduce Holdings in NVIDIA and Pivot to AI Infrastructure

BlockBeats News, August 18th, the U.S. second-quarter 13F filing report showed that several hedge funds and sovereign wealth funds significantly adjusted their tech stock holdings in the quarter ending June 30, with funds betting on SpaceX, increasing positions in Alphabet, reducing positions in NVIDIA and Broadcom, and shifting towards the AI storage and infrastructure sector. SpaceX became one of the most favored targets by institutions this quarter, with all 9 institutions disclosing their holdings either increasing or initiating new positions, with none reducing.

Among them, the Saudi sovereign wealth fund, D1 Capital, NVIDIA, among others, held top positions in terms of holdings. Several well-known hedge funds such as Altimeter Capital, Viking Global, Tiger Global, and Appaloosa also disclosed their holdings in SpaceX for the first time post IPO. Alphabet saw a large institutional buying spree, with 11 institutions buying and 6 institutions selling. Berkshire Hathaway significantly increased its Google holdings, while funds like Third Point, Duquesne, Altimeter also added to their positions.

However, some growth-oriented funds like Pershing Square, Viking Global, Tiger Global chose to reduce their positions or exit. Amazon became one of the most divisive tech stocks among institutions, with a total of 18 funds adjusting their positions this quarter, with 9 on each side of buying and selling. Institutions like Viking Global, Appaloosa significantly increased their positions, while Pershing Square, D1 Capital, Tiger Global chose to reduce.

On the NVIDIA and Broadcom front, the signal of institutional selling has strengthened. Several funds reduced their NVIDIA positions, with D1 Capital, Discovery Capital, Third Point opting to exit completely; for Broadcom, several institutions exited, with only a few funds increasing their positions. Meanwhile, funds started flowing into the AI industry chain's storage and infrastructure segments, with Seagate Technology, CoreWeave, and some hash power infrastructure companies attracting institutional interest. In addition, consumer internet and tech giants like Uber, Visa, Netflix, Microsoft also saw institutions adjusting their positions in different directions.

Pershing Square initiated new positions in Netflix, Visa, Mastercard, among others; Tiger Global significantly adjusted its growth stock allocation. Overall, the second-quarter 13F data shows that some value-oriented and macro funds are increasing their tech asset allocations, while some growth-oriented funds are capitalizing on market gains, with the AI investment logic further expanding from chip manufacturers to storage, hashing power, and infrastructure sectors.