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Hedge funds' new trends in Q3: shareholding reduction in technology stocks.
In the third quarter, Berkshire Hathaway reduced its position in Apple by about 25%. Arrowstreet Capital and Viking Global both sold over 5 million shares of Amazon stocks, reducing the overall hedge fund's holdings in Amazon by $11 billion. However, technology stocks are still the top positions for hedge funds, accounting for 21%, followed by the financial industry at 15%. The largest increase in position in the third quarter was also in financial stocks.