POPA Recon$8 Billion Microsoft Stock Sold. Renowned Tech Hedge Fund Clears 10-Year Shares Overnight
$8 Billion Microsoft Stock Sold. Renowned Tech Hedge Fund Clears 10-Year Shares Overnight - Famous hedge fund TCI founder Hohn cuts share of Microsoft holdings to 1% from 10%; suspends holdings over past decade - The key reason is that rapid development of AI poses a structural threat to Microsoft Office and Azure businesses. Microsoft shares have already fallen more than 12% this year - At the same time, it increases its share of Alphabet to 5% to become the fund's largest holding technology company Source
The excerpt is quoted from a public Telegram channel, which owns its text.