Soros Fund and Appaloosa expanded their stock portfolios thanks to Nvidia and UnitedHealth

Funds of the world's largest billionaires continue to actively rebalance their investment portfolios. In the second quarter, George Soros's Soros Fund Management and David Tepper's Appaloosa Management significantly increased their holdings in Nvidia and UnitedHealth Group.

Soros Fund purchased 932,000 Nvidia shares, increasing its stake by more than 16 times and bringing it close to one million shares. Additionally, the fund bought 29,000 UnitedHealth shares and expanded its positions in Microsoft, Tesla, and Nike.

Appaloosa, managed by David Tepper, bet on technology leaders. It acquired approximately 1.5 million Nvidia shares, increasing its stake by nearly five times—bringing it close to 2 million shares.

At the same time, billionaire Carl Icahn strengthened his positions in Centuri and CVR Energy but completely exited Dana and Illumina.

Third Point, managed by Daniel Loeb, increased its stake in Microsoft by 27% and in Amazon by 15%, while completely exiting Pinterest and reducing its TSMC stake by nearly 29%.

Source: finance.yahoo.com