The 13F reports of the world's top ten hedge funds for the third quarter have all been released, and overall, the size of their US stock holdings has generally decreased compared to the previous quarter.
According to reports from major hedge funds, technology giants such as Nvidia, Tesla, Microsoft, and Apple have frequently made appearances. Unlike the previous quarter, multiple institutions sold NVIDIA stocks or related derivatives and continued to reduce their holdings in Tesla.
Nvidia's stock price growth slowed significantly in the third quarter, with only a growth of nearly 3%, while the stock's gains in the first and second quarters were as high as 90% and 52%, respectively. With the rise of generative AI represented by chatGPT, the global demand for Nvidia chips has surged, driving its market value to exceed $1 trillion in June this year.
The slowdown in Nvidia's rise indicates that investors' enthusiasm for AI has cooled and they are beginning to return to their focus on fundamentals.
Tesla's stock price also lost momentum in the third quarter, falling by over 4%. The stock surged by over 68% in the first quarter and 26% in the second quarter, respectively.
Tesla's third-quarter performance disappointed the market greatly, with its gross profit margin falling below 18% and net profit declining by 44%. The day after the release of the third quarter financial report, Tesla's stock price plummeted by nearly 10%. The damage caused by frequent price reductions and the slowdown in market demand cannot be ignored.
Microsoft completed its acquisition of gaming company Activision Blizzard in October, and multiple institutions traded Activision Blizzard's shares before completing the acquisition.
Another noteworthy company is Palantir, a big data analytics company. The Renaissance and Two Sigma Investments have both made significant purchases of Palantir.
Palantir's stock price has surged by about 211% since the beginning of this year. Due to the growing demand for its AI products in the market, the company has achieved profits for the fourth consecutive quarter, and the third quarter profit has reached the highest level in the company's 20 year history.
Wedbush technical analyst Dan Ives previously reported that Palantir has established an intelligent platform for data management and security through AI technology, allowing users to solve problems without the need for statistical/computational expertise. The company is at the forefront of the "AI revolution" and is expected to become a major participant in the AI revolution in the next 10 years.
The following are the top five heavyweight stocks, buying and selling targets of the top ten hedge funds in Q3, with data from third-party website Whalewisdom.
Qiaoshui, Q3 US stock holding size of $16.545 billion
Yingshiman Group, with a Q3 US stock holdings of $32.277 billion
Renaissance Technology, Q3 US stock holdings of $58.653 billion
Millennium Management, Q3 US stock holdings of $198.144 billion
Castle Investment, Q3 US stock investment scale of $466.5 billion
De Shao Group, Q3 US stock investment of $95.783 billion
Two Sigma Investments, Q3 US stock holdings of $37.171 billion
Davidson Kemp Capital Management, with a Q3 US stock holdings of $6.315 billion
Ferraron Capital Management, with a Q3 US stock holdings of $19.951 billion
TCI Fund Management Company, with a Q3 US stock holdings of $27.564 billion