Billionaire Israel Englander Sells Nvidia, Buys These Other Artificial Intelligence (AI) Stocks Instead | 23.11.24

Each quarter, institutional investment firms managing more than $100 million are required to file a Form 13F with the Securities and Exchange Commission (SEC). I like to think of the 13F as an itemized receipt describing the stocks that Wall Street buys and sells. While analyzing documents from Millennium Management, a hedge fund run by billionaire investor Israel Englander, I came across something quite interesting. During the third quarter, Englander reduced Millennium’s position in Nvidia by a modest 12.6%. While that doesn’t sound like much, consider that Millennium has been a net seller of Nvidia stock for four straight quarters now. Below, I’ll explore two other darlings of the artificial intelligence (AI) space that Millennium has purchased recently. as the fund appears to be taking a break from Nvidia.Continue readingMore articles on MotleyFool More articles on MotleyFool