Hedge Funds Trim Nvidia Stakes as Amazon Position Surges to $900M
Appaloosa Management cut its Nvidia holdings in Q1 2026 filings while increasing its Amazon position by 98% to approximately $900 million. Other top funds including Daniel Loeb’s Third Point and Chase Coleman maintain Nvidia as part of AI-focused portfolios alongside Alphabet and Taiwan Semiconductor.
1. Appaloosa Management Reduces Nvidia Exposure
Pershing Square and Appaloosa Management filings show a strategic reshuffle in Q1 2026, with Appaloosa trimming its Nvidia position while boosting Amazon by 98% to a $900 million stake. The fund also increased Uber exposure by 242% and initiated additional holdings in Taiwan Semiconductor.
2. AI-Focused Portfolios Continue Nvidia Positions
Despite cuts by some managers, leading funds such as Third Point, Appaloosa, Chase Coleman and Daniel Loeb maintain Nvidia as a core AI-adjacent holding. These positions sit alongside major bets on Alphabet and Taiwan Semiconductor as part of a broader AI and cloud computing investment theme.