Big Moves in Tech: Why One Investor Bet Big on Some and Dumped Amazon

Ken Griffin, the head of Citadel Advisors, made some interesting choices in the tech world during the last quarter. With a massive $50. 1 billion under management, Griffin is a big player. He increased his investments in most of the top tech companies, but there was one notable exception: Amazon. Griffin's fund bought a lot of shares in Microsoft, Nvidia, Meta, Apple, Tesla, and Alphabet. He more than doubled his stake in Microsoft, adding almost 2 million shares. Nvidia also saw a significant boost, with Citadel purchasing 1. 73 million shares. The biggest surprise was Meta, where Griffin's fund increased its stake by an incredible 12, 693%, making it one of the top three holdings. But why did Griffin sell off 2. 1 million shares of Amazon, reducing his stake by nearly 40%? Amazon's cloud service, AWS, is performing well, and the company's advertising business is growing rapidly. Additionally, Amazon is exploring new ventures like satellite internet and robotaxis. So, what's the deal? One possible explanation is that Griffin is rebalancing his portfolio. He has held Amazon shares for a long time, and sometimes it's wise to make adjustments. Another theory is that Amazon's growth rate isn't as impressive as its competitors. However, Amazon's stock price dropped during Q3, which might have influenced his decision. Griffin's moves demonstrate his keen eye for tech investments. He knows when to increase his bets and when to cut back. It's all about managing risk and reward. As the market evolves, Griffin's strategy remains sharp and adaptable.