Hedge fund guru David Tepper firmly holds Chinese concept stocks: he holds JD.com and Ke Holdings, while reducing shareholdings in Alibaba and PDD Holdings.
China stocks and ETFs account for 26% of its fund stock investment portfolio.
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Bridgewater Associates cut its Apple position by more than 70%, decreased its Nvidia position, increased its Amazon and Microsoft positions.
In Q2, Bridgewater reduced its shareholding of Apple by 1.37 million shares, with a market cap of nearly $0.29 billion, the largest reduction in scale. Eli Lilly and Co was the second largest reduction in shareholding with a reduction of over 0.18 million shares and a market cap of nearly $0.17 billion. Google, which was reduced by nearly 0.83 million shares, is the third largest holding. Nvidia, the fourth largest holding, was reduced by nearly 0.49 million shares, while PDD Holdings was sold off by nearly 0.29 million shares, with a 19% decrease in holding positions. Amazon's shareholding was increased by nearly 1.6 million shares, with a staggering 152% increase in holding positions, making it the sixth largest holding. Microsoft, the seventh largest holding, was increased by 0.51 million shares, an 88% increase, as well as Broadcomm and AMD.
Buffett halves its Apple holdings! In the second quarter, Berkshire Hathaway cleared its position in Snowflake, increased shareholding in Occidental Petroleum, and unexpectedly established a position in cosmetic stocks.
In Q2, Berkshire Hathaway reduced its holdings of the top-heavy stock Apple by nearly 0.39 billion shares, valued at 82 billion USD; cleared out 6.12 million shares of Snowflake, valued at 0.84 billion USD; the fifth largest holding Chevron reduced its holdings by 4.37 million shares, valued at 0.68 billion USD; the stock with the largest increase was the sixth largest holding Occidental Petroleum, with an increase of 7.26 million shares, valued at nearly 0.46 billion USD, far beyond the 4.3 million shares increased in the first quarter, followed by Chubb Ltd, which increased its holdings by more than 1.1 million shares; Ulta Beauty, a new makeup company, entered the market with 0.69 million shares.
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Bowing to regulation! For the first time in Apple's history, NFC payment is opened, no longer clinging to the iPhone click-to-pay cake.
Starting from iOS 18.1, developers have the opportunity to offer NFC contactless transactions within their own app, and users can set the app as the default support. This means that Apple will start allowing third parties to use iPhone's payment chip to process transactions, which is equivalent to allowing banks and other service providers to compete with Apple Pay.
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From making cars to transforming robots? Former Apple automotive business executive leads the development of desktop home robots.
According to the media, Apple's desktop home device integrates a display similar to the iPad and a mechanical arm. The project, which was approved in 2022, has officially accelerated in recent months and is scheduled to be released as early as 2026 with a hoped-for price of around $1,000. After abandoning car manufacturing, Apple is seeking new growth opportunities and entering the robotics field is an effort by Apple to increase sales and monetize Apple Intelligence.
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