Hedge Funds

Dan Loeb Touted Semiconductors As The 'Most Attractive Sector' In AI Boom— But His Nvidia Sell-Off Tells A Different Story

Rishabh Mishra — Tue, 02 Jun 2026 11:31:08 +0000

Despite publicly praising Nvidia Corp.‘s (NASDAQ:NVDA) historic performance and the broader artificial intelligence (AI) sector, billionaire investor Dan Loeb's latest 13F filing reveals that his hedge fund, Third Point LLC, dumped nearly 90% of its stake in the semiconductor giant during the first quarter of 2026.

The ‘Monster Quarter’ Disconnect

Nvidia recently reported first-quarter revenue of $81.6 billion, an 85% year-over-year increase. CEO Jensen Huang touted the ongoing “buildout of AI factories” as “the largest infrastructure expansion in human history,” confidently declaring that “Agentic AI has arrived.”

Loeb seemingly agreed with this bullish sentiment in a recent podcast called ‘Invest Like The Best.’ He noted that unless investors expect the AI boom to “roll over,” semiconductors remain “the most attractive sector right now.”

Reflecting on historical price action, Loeb pointed out that Nvidia previously “had this monster quarter [and] people piled on.” Yet, Third Point’s trading activity tells a completely different story.

data-variant="card"
data-news-mode="manual"

A Sweeping Portfolio Overhaul

According to the latest SEC filings, Third Point drastically reduced its Nvidia holdings from about 2.95 ...

Full story available on Benzinga.com

Nebius Stock Jumps After Situational Awareness Hedge Fund Reveals Stake

Adam Eckert — Wed, 27 May 2026 21:51:54 +0000

Nebius Group N.V. (NASDAQ:NBIS) shares are rising in extended trading on Wednesday after Situational Awareness reported a 5.6% stake in the neocloud company.

Nebius Group shares are climbing with conviction. Why is NBIS stock up today?

Situational Awareness Takes Stake In NBIS

After the market close on Wednesday, Leopold Aschenbrenner’s Situational Awareness disclosed beneficial ownership of approximately 12.41 million shares of Nebius Group, representing a 5.6% stake.

Aschenbrenner, a former OpenAI researcher, rose to fame after he identified several AI bottlenecks multiple ...

Full story available on Benzinga.com

Bill Ackman's 'Baby Buffett' Model Is 'Democratizing Hedge Fund Owneship,' Analyst Says

Piero Cingari — Tue, 26 May 2026 14:30:05 +0000

Bank of America initiated coverage of Pershing Square Inc. (NYSE:PS) with a Neutral rating and a $42 price target on Tuesday, indicating the hedge fund giant led by billionaire investor Bill Ackman is building a "Baby Buffett" model, which is “democratizing hedge fund ownership” for retail investors.

Pershing Square Inc. became the first hedge fund to market directly to U.S. individual investors following a 2025 Securities and Exchange Commission policy shift.

BofA analyst Craig Siegenthaler said Pershing Square combines a rare mix of permanent capital, premium fee economics and long-term compounding potential.

"PS earns a ‘royalty on compounding' and is looking to replicate Berkshire," the analyst wrote, describing the structure as a "Baby Buffett" model.

Permanent Capital Is The Core Advantage

According to the report, 96% of Pershing Square's fee-paying assets under management are permanent capital that cannot be redeemed.

That gives the firm a major structural advantage over traditional hedge funds and private equity managers, which often face redemption pressure or fundraising cycles.

"Pershing Square benefits from an unusually stable AuM base with 96% of fee-paying AuM in permanent capital vehicles," BofA said.

The report noted the structure allows Ackman's firm to hold concentrated investments for years without being forced to liquidate positions during periods of market stress.

BofA compared the model to Berkshire Hathaway Inc. (NYSE:BRK)

Full story available on Benzinga.com

Paul Tudor Jones Just Bought 57% More IREN Shares, Betting Big On The 'AI Infrastructure Buildout' As It 'Feels Like '99'

Rishabh Mishra — Tue, 26 May 2026 10:17:11 +0000

Legendary hedge fund manager Paul Tudor Jones has massively increased his stake in data center and infrastructure company IREN Ltd. (NASDAQ:IREN), expanding his position by 57% to capitalize on the explosive artificial intelligence (AI) boom.

A Strategic Pivot To Equity

According to Tudor Investment Corp's latest first quarter 2026 13F filing, Jones purchased an additional 11.58 million common shares of IREN, bringing his total holdings to a staggering 31.8 million shares.

The equity position is now valued at nearly $73 million. Concurrently, the filings reveal a strategic winding down of his options trades, with his IREN calls dropping by 50% and puts decreasing by 28%. This shift from derivatives to common stock signals a high-conviction, longer-term bet on the underlying asset.

data-variant="card"
data-news-mode="manual"
>

Read Also:

Paul Tudor Jones Trims IREN After A 300% Run — AI Story Still Intact

Funding The Infrastructure Buildout

This aggressive acquisition aligns perfectly with Jones’s latest macroeconomic playbook. In a recent CNBC interview, the billionaire investor confirmed his bullish stance on the sector, ...
Full story available on Benzinga.com

Pershing Square Stock Tumbles, Ackman's Net Worth Drops To $11.2 Billion

Sat, 23 May 2026 22:16:20 +0000

Bill Ackman's Pershing Square Inc. (NYSE:PS) stock has crashed and moved into a bear market. It initially jumped to a high of $54.90 after its initial public offering in April, and then pulled back by 35% to the current $35.67. This retreat has brought its market capitalization to $14.2 billion.

PS stock price has crashed this month | Source: TradingView

Pershing Square raised $5 billion in April for PS and for the Pershing Square USA (NYSE:PSUS) as Ackman works to actualize his goal of becoming the next Warren Buffett.

PSUS is a closed-end fund, that targets large, high liquid investments. Its top investments are companies like Amazon (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), Restaurant Brands International (NYSE:QSR), and Uber
Full story available on Benzinga.com

Donald Trump Jr.'s VC Firm Jumped From $200 Million To $3.5 Billion In A Year: Inside 1789 Capital's 'Patriotic Capitalism' Boom

Rishabh Mishra — Thu, 21 May 2026 07:23:08 +0000

1789 Capital, the venture capital firm with Donald Trump Jr. as a partner, has seen its assets under management skyrocket from $200 million to $3.5 billion in just one year by leveraging an America-first investment strategy.

Building A Generational Financial Platform

The Palm Beach, Florida-based firm's explosive growth follows a massive dealmaking spree focused on leading privately held companies in artificial intelligence (AI) and defense technology.

The VC is capitalizing on shifting geopolitical dynamics and policies favoring domestic tech manufacturing.

Paul Abrahimzadeh, a partner at 1789 Capital, told Financial Times that the ultimate goal is to scale the fund to $10 billion over the next few years, establishing its footprint well beyond the current political cycle. Abrahimzadeh described the firm’s expansion as building a "generational American financial platform."

Benzinga reached out to 1789 Capital for comment, but did not receive an immediate response.

data-variant="card"
data-news-mode="manual"
>

Read Also:

Trump Sons Back $1 Billion Investment Network Targeting AI, Crypto And Drone Companies Favoured By White House: Report
Full story available on Benzinga.com

CleanSpark Stock Pulls In Bigger Bet From Situational Awareness Hedge Fund

Erica Kollmann — Wed, 20 May 2026 18:39:52 +0000

Leopold Aschenbrenner's Situational Awareness hedge fund significantly boosted its CleanSpark Inc. (NASDAQ:CLSK) position in the first quarter as the Bitcoin (CRYPTO: BTC) miner pushes deeper into AI infrastructure.

The fund's latest 13F, filed May 18 for the quarter ended March 31, shows Situational Awareness held 12.28 million CleanSpark shares, up from 1.64 million shares at the end of 2025, a 7.48-fold increase.

CLSK stock is up on heavy volume. See the price action here.

The position's reported value rose to $104.5 million from $16.6 million, while its portfolio weight increased to 0.76% from 0.30% of the fund's reported book.

data-variant="card"
data-news-mode="manual"
>

Read Also:

Nvidia Options Traders Bet On A Big Move As Earnings Loom

Other miner and neocloud-related holdings moved the other way as a percentage of the fund's book.

Applied Digital Corp. (NASDAQ:APLD), IREN Limited (NASDAQ:IREN), Riot Platforms, Inc. (NASDAQ:RIOT), Core Scientific, Inc. (NASDAQ:CORZ) and CoreWeave, Inc. (NASDAQ:CRWV) all declined as portfolio weights, while ...
Full story available on Benzinga.com

Coatue's Philippe Laffont Bought This Beaten-Down Stock — Now It's Flashing A Golden Cross

Surbhi Jain — Wed, 20 May 2026 16:18:57 +0000

Hertz Global Holdings, Inc (NASDAQ:HTZ) stock may finally be showing early signs of stabilization — and billionaire hedge fund investor Philippe Laffont appears to have noticed.

Coatue Management disclosed a new position in Hertz during the first quarter, putting the battered rental-car company back on the radar of traders already watching for a potential technical reversal.

Now, Hertz has flashed a so-called ‘Golden Cross’, a closely watched chart pattern that occurs when a stock's 50-day moving average rises above its 200-day moving average — often viewed as a bullish long-term momentum signal.

Chart created using Benzinga Pro

Hertz's Chart Is Starting To Shift

The setup is notable because Hertz has spent much of the past year under pressure amid concerns around electric-vehicle ...
Full story available on Benzinga.com

Bill Ackman's Alphabet Sale Has Cost $641 Million — Will His New Mag 7 Pick Save The Trade?

Chris Katje — Tue, 19 May 2026 20:34:00 +0000

Legendary investor Bill Ackman has been buying up Magnificent Seven stocks in recent years, adding the likes of Amazon.com Inc (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META) to the Pershing Square portfolio, which is tracked by Pershing Square USA (NYSE:PSUS).

A new bet on Microsoft Corporation (NASDAQ:MSFT) in the first quarter came at the expense of Alphabet shares, a move that has so far wiped out potential profits for investors.

Ackman's Microsoft for Alphabet Swap

In the first quarter, Ackman bought 5,654,078 shares of Microsoft, making the stock the fourth largest holding in the Pershing Square portfolio at the end of the quarter.

The Magnificent Seven positions at the end of the first quarter were the following:

Amazon.com: 2^nd largest holding, 17% of assets

Microsoft: 4^th largest holding, 15% of assets

Meta: 6^th largest holding, 11% of assets

Alphabet Class C (GOOG): 9^th largest holding, 0.7% of assets

Alphabet Class A (GOOGL): 11^thlargest holding, 0.1% of assets

In the first quarter, Ackman sold off 95% of holdings in each of Alphabet Class A and ...
Full story available on Benzinga.com

Carl Icahn Beat Berkshire Hathaway This Quarter — But The Long-Term Story Is Different

Surbhi Jain — Tue, 19 May 2026 16:55:39 +0000

Billionaire investor Carl Icahn quietly outperformed Berkshire Hathaway Inc. during the first quarter.

Icahn Outpaces Buffett In Q1

Performance data tracking billionaire hedge fund portfolios, aggregated by WhaleWisdom, showed Icahn's manager-weighted returns climbed 11.64% during the first quarter, compared with a 4.99% gain for Berkshire Hathaway Inc. Common Stock (NYSE:BRK) (NYSE:BRK).

The rebound placed Icahn among the best-performing billionaire investors of the quarter, ahead of several major hedge fund names.

But the longer-term picture looks dramatically different.

data-variant="card"
data-news-mode="manual"
>

Read Also:

Buffett Steps Aside: Abel's First Berkshire 13F ...
Full story available on Benzinga.com

Ray Dalio Recalls Borrowing $4,000 From His Dad After 'Painful' Investing Mistake That Nearly Destroyed Bridgewater: 'Gave Me The Humility…'

Tanya Rawat — Tue, 19 May 2026 09:42:46 +0000

Billionaire investor Ray Dalio said the painful investing mistakes he made early in his career ultimately helped build Bridgewater Associates into the world's largest hedge fund.

Speaking at Long Island University's commencement ceremony last week, Dalio reflected on how a major wrong market call in the early 1980s became one of the most important turning points of his career.

Dalio said that when he was 34 years old, he believed a debt crisis involving emerging countries would trigger a severe market collapse. Mexico eventually defaulted on its debt in 1982, and Dalio said he correctly anticipated the broader crisis. However, he wrongly expected stocks to plunge further.

Instead, markets rallied sharply.

"I thought the stock market was going to fall a lot, but I was very wrong," Dalio said.

The mistake devastated his firm financially. Dalio said he lost ...
Full story available on Benzinga.com

SpaceX's Explosive IPO Could Turn These Early Investors Into Mega Winners: Report

Namrata Sen — Tue, 19 May 2026 08:26:20 +0000

Hedge fund D1 Capital Partners is reportedly poised to reap significant benefits from the upcoming public listing of Elon Musk‘s SpaceX.

D1 Capital’s stake in SpaceX could be worth approximately $20 billion if the rocket manufacturer achieves its anticipated $1.75 trillion valuation, reported the Financial Times. The hedge fund, managed by Dan Sundheim, was one of the early investors in SpaceX, taking a position in 2020 when the company was valued at around $36 billion.

Despite receiving substantial interest, Sundheim has previously stated his firm’s intention to retain its holdings in SpaceX. The investment in SpaceX constitutes a significant portion of D1 Capital’s total assets and has been a major contributor to the fund’s returns.

Another hedge fund, Darsana Capital Partners, is also set to profit handsomely from SpaceX’s public listing. The firm, founded by Anand Desai, first invested in SpaceX in 2019. If SpaceX reaches its projected valuation, Darsana’s stake could be worth around $15 billion, as per the FT report.

D1 Capital Partners, Darsana Capital ...
Full story available on Benzinga.com

Dan Loeb Dumps Microsoft, Slashes Nvidia And Rail Stocks In Sweeping Q1 Portfolio Overhaul

Lekha Gupta — Mon, 18 May 2026 19:07:37 +0000

Hedge fund billionaire Daniel Loeb reshuffled positions at Third Point LLC in the first quarter of 2026. The investor added and removed several mega-cap and technology names, according to the fund's latest Form 13F filed with the U.S. Securities and Exchange Commission for the period ended March 31, 2026.

New Additions:

Meta Platforms, Inc. (NASDAQ:META) : 90,000 shares

Alphabet Inc. (NASDAQ:GOOGL): 175,000 shares

Hut 8 Corp. (NASDAQ:HUT): 869,563 shares

Transdigm Group (NYSE:TDG): 25,000 shares

KLA Corporation (NASDAQ:KLAC): 11,000 shares

Lam Research Corporation (NASDAQ:LRCX): 75,000 shares

ASML Holding (NASDAQ:ASML): ...
Full story available on Benzinga.com

Viking Global Opens Fresh Apple Stake Worth Nearly $1 Billion As Big Tech Trade Roars Back

Surbhi Jain — Mon, 18 May 2026 16:56:13 +0000

Tiger Cub giant Viking Global Investors may have just delivered one of Wall Street's clearest signals yet that the Big Tech trade is back in fashion.

Apple Stake Signals Big Tech Revival

The hedge fund, founded by billionaire investor Ole Andreas Halvorsen, revealed in its latest 13F filing that it opened a brand-new position in Apple Inc. (NASDAQ:AAPL) worth roughly $912 million during the first quarter. The fund added more than 3.59 million Apple shares in what instantly became one of its largest new positions as of March 31.

But Apple wasn't the only tech giant making its way into Viking's shopping cart.

The hedge fund also disclosed fresh positions in Meta Platforms, Inc. (NASDAQ:META), Reddit, Inc (NYSE:RDDT) and AI cloud infrastructure player CoreWeave, Inc. (NASDAQ:CRWV), suggesting hedge funds may once again be leaning aggressively toward ...
Full story available on Benzinga.com

Stanley Druckenmiller Dumps Amazon And Alphabet While Loading Up On Commodities, Argentina And Biotech

Surbhi Jain — Mon, 18 May 2026 14:12:25 +0000

Billionaire investor Stanley Druckenmiller sharply reduced exposure to major technology and consumer internet names during the first quarter as Duquesne Family Office repositioned toward commodities, Latin America and healthcare.

Amazon And Alphabet Stakes Cut

The firm cut its direct position in Amazon.com, Inc. (NASDAQ:AMZN) by roughly 94% while completely exiting Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), according to its latest 13F filing.

Duquesne also sold out of positions in DocuSign, Inc. (NASDAQ:DOCU), Delta Air Lines, Inc. (NYSE:DAL), DoorDash, Inc. (NASDAQ:DASH) and Goldman Sachs Group, Inc. (NYSE:GS).

The moves come as many hedge funds continue debating whether AI-driven mega-cap technology stocks still have room to run after massive gains over the past two years.

data-variant="card"
data-news-mode="manual"
>

Read Also:

Nvidia May Be Returning To ...
Full story available on Benzinga.com