Certain money manager and family offices for the ultra wealthy sold tech stocks just before the sector's 2023 rally, per recent regulatory filings.
ICONIQ Capital, a wealth management office that serves clients like Mark Zuckerberg, Jack Dorsey and former Meta Platforms COO Sheryl Sandberg, offloaded shares of cloud computing-based data company Snowflake, which has since surged over 26% year-t0-date.