Billionaire Rokos’s Hedge Fund Bet Billions on Tech in the Second Quarter (Bloomberg)
Rokos Capital Management bought more than $2.7 billion of shares in the Invesco QQQ Trust last quarter, part of a wager on the technology sector. The firm, led by billionaire Chris Rokos, held 7.67 million shares of the exchange-traded fund at midyear, up from 232,382 at the end of March, according to a regulatory filing Monday. Rokos, which specializes in macroeconomic bets, also purchased put options on 7.5 million QQQ shares, a possible hedge, along with call options on 1.9 million shares. The ETF tracks the performance of the tech-heavy Nasdaq 100.
Billionaire Investor Bill Ackman’s Hedge Fund Boosts Alphabet Stake as AI Hype Rages On (Business Insider)
Billionaire investor Bill Ackman‘s hedge fund snapped up more shares in Google’s parent company Alphabet during the second quarter as the company ramps up its exposure to artificial intelligence technologies. Pershing Square Capital Management scooped up about 1.3 million shares of Alphabet’s Class C shares, boosting the company’s total shares in that position to $1.1 billion, according to a second-quarter portfolio update released on Monday.
Burry, Famous for ‘Big Short,’ Bought Bearish Options Against S&P, Nasdaq 100 (Reuters)
Michael Burry, the money manager made famous in the book and film “The Big Short,” held bearish options against the broad S&P 500 and Nasdaq 100 Index at the end of the second quarter, according to securities fillings released on Monday. Burry’s Scion Asset Management bought put options with a notional value of $739 million against the popular Invesco QQQ Trust ETF (QQQ.O) during the quarter, and separate put options with a notional value of $886 million against the SPDR S&P 500 ETF (SPY.P).
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Dan Loeb’s Third Point Ramps Up AI Bets With Amazon, Nvidia and TSMC Stake (Investopedia)
Dan Loeb‘s Third Point has ramped up its investments in artificial investment (AI) stocks, with big stakes in Amazon (AMZN), Nvidia (NVDA) and Taiwan Semiconductor (TSM), after lamenting missing out on the tech rally by opting for value plays. Key Takeaways: Dan Loeb’s hedge fund has pivoted further to AI in its recent 13F filing. The investor sees AI as a “once per decade” opportunity. Big stakes in AI leaders such as Alibaba, Microsoft, and Nvidia dominate holdings.
Brevan Howard relocates compliance head from London to Abu Dhabi (Financial News)
Taylor joins Brevan Howard’s co-founder Trifon Natsis in the UAE capital. Brevan Howard has moved group head of compliance Ryan Taylor to its Abu Dhabi office to strengthen its regional presence. Taylor is based in Abu Dhabi Global Market’s Al Sarab Tower office of Brevan Howard, a spokesperson for the firm told Financial News.
