Billionaires Are Selling Nvidia Stock and Buying 2 Top Index Funds That Beat the S&P 500 Over the Past Decade [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
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Source: Yahoo! Finance
But the hedge fund billionaires listed below sold down their positions in Nvidia during the fourth-quarter and reallocated some capital to two high-growth index funds, the Invesco QQQ Trust (NASDAQ: QQQ) and the iShares U.S. Technology ETF (NYSEMKT: IYW) Israel Englander of Millennium Management sold 1.7 million shares of Nvidia in the fourth quarter, trimming his stake by 45%. He simultaneously increased his position in the Invesco QQQ Trust by 53%, and he started a new position in the iShares U.S. Technology ETF. John Overdeck and David Siegel of Two Sigma Investments sold 30,663 shares of Nvidia in the fourth quarter, trimming their stake by 5%. Meanwhile, the pair upped their position in the Invesco QQQ Trust by 75%, such that it now ranks as Two Sigma's second-largest holding. They also increased their stake in the iShares U.S. Technology ETF by 214%. Those index funds are particularly attractive because they outperformed the S&P 500 over the last 10 years. Specifically, wh
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