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Coatue Management, led by Philippe Laffont, has adjusted its portfolio in Q2 according to its latest 13F filing. The firm reduced its position in Nvidia by 6.7% and increased its shares in Microsoft by 67%. Amazon's stake was more than doubled, making it one of the top 10 holdings. Investments in the electric vehicle sector were increased, with Plug Power's exposure enhanced by 900%, and stakes in ChargePoint and Lucid Group increased by 600% and 370% respectively. Amid uncertainties around China's economic future, the firm significantly reduced holdings in Alibaba, Baidu, and JD.com.

Portfolio Pulse from AJ Fabino

August 14, 2023 | 8:35 pm

BABA

Third Point, a hedge fund, has increased its stake in Alibaba from 1.326 million shares to 2.95 million shares.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:35 pm

HTZ

Third Point, a hedge fund, has increased its stake in Hertz from 6.35 million shares to 10.32 million shares.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:34 pm

MU

Third Point, a hedge fund, has increased its stake in Micron Technology from 1.2 million shares to 1.55 million shares.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:32 pm

MSFT

Third Point LLC has increased its stake in Microsoft by 44.8% to 1.52 million shares.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:31 pm

SNAX

Stryve Foods reported Q2 losses of $(1.66) per share, beating the analyst consensus estimate of $(1.87) by 11.23%. However, the company's quarterly sales of $6.00 million missed the analyst consensus estimate of $7.41 million by 19.07%. This represents a 45.21% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:31 pm

NVDA

Third Point, a hedge fund, has acquired a stake of 500,000 shares in Nvidia (NVDA).

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:31 pm

TECK

Third Point, a hedge fund, has sold its stake in Teck Resources, a diversified resource company.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:31 pm

UBER

Third Point, a hedge fund, has acquired a stake of 2.775 million shares in Uber Technologies Inc.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:31 pm

TFC

Truist Finl's (NYSE:TFC) short percent of float has fallen 19.32% since its last report, with 28.29 million shares sold short, which is 2.13% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Truist Finl has less short interest as a percentage of float, with an average of 5.13%.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 8:30 pm