Thiel's Fund Sold Off Its Entire Nvidia Stake, 13F Filings Show

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Transcript

00:00Charlie Wells has been digging through the data and is here with the latest. What stands out to

00:04you, Charlie? Tom, sir, what really stands out in these 13F filings is the positionings on tech.

00:09This is really where the smart money has been making moves and trying to figure out

00:13how they are going to navigate this rally despite the talk that we hear about a potential bubble.

00:19You can see here that the most significant weighting is in that tech sector,

00:23followed by financials and followed by health, consumer discretionary,

00:26but tech really in focus and questions about that rally. If you just take a look at the NASDAQ,

00:31these 13F filings are required to be sent in by anyone who invests over 100 million dollars to

00:37the SEC, and these are for that third quarter. So you look at the third quarter, you see that

00:41upward trajectory, but still questions really at month end in July, in August, in September,

00:47questions there in the market. You see those spilling into these 13Fs as well.

00:51What about some of the individual names, Charlie, and maybe what they tell us about investor appetite,

00:57kind of the kind of themes that investors are looking to tease out of these markets?

01:01So Bloomberg has gone through some 909 of these filings for hedge funds,

01:05and we've picked out some winners and losers as far as individual names.

01:09So NVIDIA, really the winner there, up some 11 billion dollars in that third quarter,

01:14followed by Alphabet, followed by Apple. I want to flip the board and take a look at some of

01:18these losers, some that declined the most in that third quarter. What you see when I bring up these

01:23names, they're also in tech. So winners in tech, losers in tech. We've got Corweave here. They had

01:28a very difficult August, shares down some 21 percent in the day on the back of a disappointing earnings

01:34report. So we're seeing again here that theme of investors trying to parse this rally, but also

01:39take a look at some cautious moves there as well. Let's think about individual names and the funds that

01:44are often associated with them. We've got Warren Buffett. I want to bring up a look at these two

01:49funds. We've got Warren Buffett's Berkshire Hathaway building up a significant stake in Google,

01:53but then pairing back on Apple. So that pattern of kind of stop start there too. And I've got to bring

01:58up Teal Macro, of course, associated with Peter Thiel. They in that third quarter exited their entire

02:04holding in NVIDIA. So questions even about these firms, even about these stocks that have been on a

02:10roll lately. Oh, you know, that Peter Thiel move is going to get a lot of traction amongst retail

02:14investors, isn't it, in the U.S. with exposure to NVIDIA. Charlie Wells, thank you very much.