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AAPL

BRK

GLD

SOXX

The latest 13F filings show significant portfolio changes by major hedge funds. Berkshire Hathaway's top buys were LSXMA and SIRI, with sells including ATVI and GM. Bridgewater Associates increased stakes in consumer brands and bought SLB and AVGO, selling JNJ and VWO. Greenlight Capital invested in GLD and stocks in the material and energy sectors. Scion Asset Management bet against the semiconductor space with puts on SOXX and against BKNG. Pershing Square Capital bought more GOOGL, HLT, and HHH, selling some LOW.

Portfolio Pulse from Surbhi Jain

November 16, 2023 | 6:12 pm

The CEO of Cruise has informed employees that the company is canceling its Q4 tender offer, effective immediately. This decision could impact the financial expectations of employees and potentially reflect on the company's current financial strategy or liquidity.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:03 pm

UNH

UnitedHealth Group (NYSE:UNH) has seen a decrease in short interest, with the current level at 5.95 million shares or 0.64% of float, down 4.48% since the last report. The short interest is lower than the peer group average of 3.33%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 6:00 pm

WBD

Warner Bros. Discovery (NYSE:WBD) has seen an 11.61% increase in short interest since the last report, with 102.05 million shares sold short, representing 4.23% of available shares. It would take about 5.81 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, WBD has a lower short interest as a percentage of float, with the peer group average at 6.92%.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 6:00 pm

BCDA

BioCardia, Inc. has announced a registered direct offering of 2 million shares at a price of $0.65 per share, aiming to raise $1.3 million in capital.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 5:59 pm

ECAT

Boaz Weinstein, founder of Saba Capital Management, has publicly urged BlackRock's CIO Rick Rieder to merge BlackRock ESG Allocation Trust (ECAT) with one of BlackRock's ESG mutual funds. Weinstein suggests this would eliminate the discount on ECAT shares and create a $200 million windfall for investors. Saba Capital recently increased its stake in ECAT to 19,025,530 shares, making it 7.5% of Saba's holdings and 18.6% of ECAT. Weinstein's strategy reflects a trend among hedge funds to invest in undervalued closed-end funds and push for actions that realize their underlying value.

Portfolio Pulse from Neil Dennis

November 16, 2023 | 5:56 pm

SGD

Shares of Safe And Green Development (SGD) are trading higher following the company's announcement that it will not proceed with the offering of common stock previously contemplated by the Registration Statement.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 5:35 pm

AIRE

ATGL

CPTN

EBIX

EGIO

LCFY

MAXN

NICE

SASI

SNCR

VNET

WAVD

In Thursday's intraday session, several IT stocks experienced significant movements. Alpha Technology Group (ATGL) saw a 70.5% increase, while WaveDancer (WAVD) jumped 58.86%, both on high trading volumes. ReAlpha Tech Corp (AIRE), Locafy (LCFY), NICE (NICE), and Synchronoss Technologies (SNCR) also gained. Conversely, Sigma Additive Solutions (SASI), VNET Gr (VNET), Ebix (EBIX), Cepton (CPTN), Edgio (EGIO), and Maxeon Solar Technologies (MAXN) faced declines, with some linked to recent Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:30 pm

AAPL

AON

AXP

BAC

BRK

MCO

Warren Buffett's Berkshire Hathaway maintains Apple Inc. as its largest holding, but the portfolio is also significantly invested in the financial sector. As of Q3 2023, financials represent 21.75% of the portfolio, with major stakes in Bank of America, American Express, Moody's Corporation, Citigroup, Visa, Mastercard, and Aon PLC.

Portfolio Pulse from Surbhi Jain

November 16, 2023 | 5:12 pm

DRMA

FIXX

PLCE

SONO

VLCN

WAVD

WMT

U.S. stocks traded lower, with the Dow Jones down 0.40%, NASDAQ down 0.35%, and S&P 500 down 0.23%. Walmart's shares fell 7% post Q3 results, despite beating sales and EPS estimates, as it raised FY24 EPS guidance slightly below the estimate. Crude oil prices dropped 4.3%, while utilities shares surged by 1%. Other notable movements included Sonos up 17% after strong Q4 results, WaveDancer up 60% following a merger agreement, and Dermata Therapeutics up 22% after an FDA agreement. Conversely, Volcon plunged 68% due to a public offering, The Children's Place fell 26% after weak earnings, and Homology Medicines dropped 38% after announcing a stock transaction merger.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 5:02 pm