Billionaire Philippe Laffont Sold 80% of Coatue's Stake in Nvidia and Is Piling Into This Critical Artificial Intelligence (AI) Infrastructure Stock Instead
Growth-focused billionaire investor Philippe Laffont has sold Nvidia stock for seven consecutive quarters in favor of a trillion-dollar stock that's foundational to the rise of AI.
You might not realize it, but arguably the most important data dump of the first quarter occurred on Friday, Feb. 14.
While some folks were wisely focused on making their significant other feel special for Valentine's Day, institutional investors with at least $100 million in assets under management (AUM) were filing Form 13F with the Securities and Exchange Commission. A 13F provides a concise snapshot of which stocks Wall Street's smartest money managers bought and sold in the latest quarter.
Though 13Fs have their drawbacks -- since they're filed up to 45 calendar days after a quarter ends, the data might be stale for an active hedge fund -- they can still clue investors into which stocks, industries, sectors, and trends are piquing the interest of Wall Street's billionaire money managers.
