Hedge Funds Make Big Bets on Tech Stocks Despite Recent Volatility
-
Tiger Global and other hedge funds expanded bets on big tech stocks like Amazon, Microsoft, and Meta despite some stumbles in Q3.
-
Bill Ackman's Pershing Square hugely increased its Alphabet stake, while Third Point took a new position in Meta.
-
Some funds like Coatue and Light Street pared back tech holdings after losses in 2022.
-
Tech stocks have fueled broader market gains in 2023, with Meta up 169% and Amazon gaining 70%.
-
Hedge fund 13F filings for Q3 show continued caution amid some tech stock declines.