The third-quarter earnings season has unveiled contrasting investment strategies among 11 major Wall Street financial institutions. JPMorgan and Invesco have bolstered their holdings in tech giants like NVIDIA and Apple, while Bridgewater and the Saudi Public Investment Fund have shifted towards defensive strategies, reducing tech exposure and increasing index ETF allocations.
In the cryptocurrency sector, JPMorgan notably increased its IBIT holdings by 64.2%, with ARK and Invesco also making strategic moves in Bitcoin ETFs. Conversely, Berkshire Hathaway reduced its Apple stake significantly and initiated a new position in Alphabet. The data also indicates a growing correlation between Bitcoin and the Nasdaq 100, reaching a 30-day correlation of 0.8, the highest since 2022.
Wall Street Titans Reveal Divergent Q3 Strategies in Tech and Crypto
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