On May 15th, a significant deadline loomed in the US capital market. It was the final day for American investment firms managing at least $100 million to submit a document to the US Securities and Exchange Commission (SEC) detailing their investments for the quarter ending in March. This document, known as a 13F, provides insight into the securities transactions made by the leaders of these investment firms, offering a glimpse into the activities of some of Wall Street’s biggest investors.
Among the list of actions taken in securities by these investment firms, there were seven standout stocks that had driven Wall Street indices to record highs. Investors were curious about what these firms had done with these stocks in the previous quarter. Surprisingly, there were differing perspectives among these investors.
For instance, some investors chose to trim their holdings in Nvidia, despite the company’s strong performance. Reasons for this could include concerns about growing competition in the artificial intelligence space from companies like Microsoft, Meta, and Amazon. Some investors believe Nvidia’s peak demand for its chips has been reached.
On the other hand, investors showed less enthusiasm for Meta, with several billionaires selling off their shares in the company. This could be due to concerns about Meta’s capital investments in areas like Metaverse and augmented reality, as well as uncertainties about the returns on these investments. Despite this trend, Amazon continued to attract interest from investors
