Wall Street's whales were divided megacap tech stocks last quarter. Club holdings Alphabet and Amazon found themselves on the fault line. New regulatory filings show that billionaire investors and hedge fund managers pared back on shares of the Google parent and e-commerce giant in the third quarter. Some exited them altogether. Meanwhile, others started positions or added to existing ones for both stocks.
mountain Amazon.com year-to-date performance It was a similar mixed mag with Amazon. Third Point trimmed its Amazon holdings by nearly 28%. Still, it remains one of the fund's largest holdings, worth more than $689 million. D1 Capital, a hedge fund run by Daniel Sundheim, offloaded 6.2% of its Amazon shares last quarter. Amazon also remains one of D1's top holdings, with a $225 million stake. Elsewhere, Coatue bought up more of the stock.
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