The holdings data of major asset management companies has been released, and the "Wall Street's bottom-picking king" has increased his holdings in Chinese stocks and China stock funds.

In the fourth quarter of 2024, U.S. tech stocks will remain the core configuration of large funds, but the phenomenon of institutions stopping profits at a high level is frequent; hedge funds have made large purchases of Chinese stocks, and Buffett has increased his holdings in consumer and cyclical stocks. According to the data on the U.S. stock holdings of major investment institutions disclosed by the U.S. Securities and Exchange Commission (SEC) as of the end of the fourth quarter of 2024, tech stocks remain the core configuration of large funds, but the differentiation of institutional repositioning is obvious, and the phenomenon of stopping profits at a high level is frequent. At the same time, hedge funds have made large purchases of Chinese stocks, and several institutions have increased their holdings in consumer and cyclical stocks. Regarding tech stocks, Bridgewater sold Google-A, Nvidia, Meta, Microsoft, Apple and Amazon in large quantities, with Apple's position reduced by 40%, Nvidia's position reduced by 26%, and Amazon's position reduced by nearly 35%. At the same time, Bridgewater built a position of 154,000 shares of Tesla, with a market value of over US$62 million at the end of the quarter. Barclays also reduced its position in Nvidia by more than 1.06 million shares, a reduction of 16.7%. But the Butterfield's Oriental Bay Overseas Fund realized profits on Nvidia and increased its position in Tesla to 121,500 shares. Berkshire Hathaway, Buffett's company, did not continue to reduce its position in Apple, with a market value of US$75.1 billion. Berkshire Hathaway established a new position in high-end liquor company Constellation Brands, buying over 5.62 million shares, with a market value of over US$1.2 billion, and increased its position in Domino's Pizza, Occidental Petroleum and other consumer and cyclical stocks. Regarding Chinese stocks, David Tepper's Appaloosa has significantly increased its positions in JD.com, Alibaba, PDD, Baidu and other companies, and has increased its positions in Chinese large-cap stocks ETF and overseas internet ETF. HHLR, a subsidiary of Hony Capital, has increased its positions in Ke, Futu Holdings and JD.com, and has established positions in Aofei and Zhiwen Group. High Alpha Asset Management has increased its positions in Ke and Huazhu, with its top five positions being PDD, Huazhu, Ke, Yum China and Meta. With the popularity of DeepSeek, Chinese tech stocks have risen in a row, and several foreign institutions such as Goldman, Deutsche Bank, Bank of America and Blackstone are bullish on Chinese assets and the A-share market. Taosha Wang, a manager of Foresight Fund of Foresight Fund, said that the outlook for the overall Chinese market has turned to moderate optimism, and the portfolio has increased its holdings in Chinese stocks. David Li, head of corporate research in Asia-Pacific at Deutsche Bank, expects A-share and Hong Kong stocks to continue to rise in the medium term. Overall, the repositioning strategy of institutions in the fourth quarter of 2024 shows a diversified trend, with tech stocks stopping profits at a high level and Chinese stocks favored, and consumer and cyclical stocks also favored.