Stanley Drucken Miller, founder of Duquesne Capital, and David Tepper, founder of the hedge fund Appaloosa Asset Management Company, have cashed out some of the proceeds from the “Big Seven” technology stocks, which helped drive the US stock market up this year.
The investment companies of Stanley Druckenmiller (Stanley Druckenmiller), founder of Duquesne Capital and David Tepper (David Tepper), founder of the hedge fund Appaloosa Asset Management, have cashed out some of the proceeds from the “Big Seven” technology stocks, which helped drive the US stock market up this year.
Drucken Miller's Duquesne Family Office (Duquesne Family Office) sold more than 441,000 shares in the first quarter, according to regulatory documents$NVIDIA (NVDA.US)$Shares reduced the value of its holdings in this chipmaker to about $159 million. Taper's Appaloosa holdings have been reduced$Amazon (AMZN.US)$,$Microsoft (MSFT.US)$und$Meta Platforms (META.US)$Shares, but these three companies are still their largest investment portfolios.
The Duquesne family office sold Nvidia in a big way
Appaloosa cuts holdings in Amazon, Microsoft, and Meta to buy Alibaba
David Bonderman (David Bonderman)'s Wildcat Capital Management also sold Meta shares, reducing its position to $23.7 million. Michael Platt's BlueCrest Capital Management sold its shares in Nvidia and Amazon while reducing its holdings$Alphabet-A (GOOGL.US)$Alphabet shares.
These measures, which were disclosed in quarterly regulatory documents, brought family finance office investors and insiders together. These insiders have been selling off these booming tech stocks as many of them hit new highs in recent weeks.