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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Citadel Advisors Cut Stakes in Nvidia, Microsoft and Amazon Despite AI Rally — But Held Onto Tesla and Meta

Ken Griffin made massive changes to Citadel's portfolio in Q1. (Credit: Citadel)

US hedge funds made major changes to their portfolios in Q1 in a highly volatile stock market amid geopolitical instability and supply chain risks due to the Middle East conflict.

Despite the AI boom, hedge funds placed mixed trades when it came to Mag 7 stocks. Kenneth Griffin's Citadel Advisors sold massive stakes in companies like Nvidia, Alphabet, Microsoft, Apple, and Amazon but bumped its holdings considerably in Meta Platforms and Elon Musk's Tesla.

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