Reported 7 days ago
Billionaire Philippe Laffont has significantly reduced his stake in Nvidia by 72% over the past 15 months, moving from the largest holding to fourth position in his hedge fund, Coatue Management. Meanwhile, Laffont has been aggressively increasing his investment in Amazon, now the fund's second-largest holding, citing its historically low valuation and strong positions in e-commerce and cloud services as key advantages.
Source: YAHOO