Hedge fund Coatue Management disclosed Q2 holdings changes including a new 1.08M share position in Intel and exit from IBIT.
Coatue Management increased its exposure to semiconductor stocks in Q2, adding 96.0K shares of Advanced Micro Devices (AMD) and 1.08M shares of Intel (INTC). The hedge fund also initiated a position in SpaceX while exiting its stake in the iShares Bitcoin Trust ETF (IBIT).
The moves reflect a shift toward technology and space sectors, diverging from prior crypto-related holdings. Coatue’s Q1 filings showed no positions in AMD or Intel, while its IBIT exit marks a reversal from earlier bitcoin-linked investments.
No immediate market reaction was reported following the disclosure.