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home / news releases / KIND - Hedge funds trim Amazon Facebook stakes; jump into Robinhood Blend Labs in Q3

KIND - Hedge funds trim Amazon Facebook stakes; jump into Robinhood Blend Labs in Q3

Nextdoor Holdings Inc. Class A
Sifting through Q3's 13F filings, more hedge funds reduced holdings in Amazon.com (NASDAQ:AMZN) than in any other stock, with six funds cutting their stakes. One fund, Daniel Loeb's Third Point, took a different tack and increased its holding in the ecommerce giant. Meta Platforms (NASDAQ:FB), known as Facebook in Q3, saw four funds trim stakes and two funds increase their stakes. Coatue Management, though, bulked up on the name. SoFi Technology (NASDAQ:SOFI), which went public in the last month of Q2, was the stock that saw the most hedge funds head for the exits, with Temasek, Coatue and Third Point all shedding their shares. Two recently IPO'd fintech stocks were the most popular new positions in hedge funds — Robinhood Markets (NASDAQ:HOOD) and Blend Labs (NYSE:BLND). Coatue and Tiger Global took new stakes in both HOOD and BLND. Temasek added Blend (BLND), while Whale Rock added Robinhood (HOOD). Nextdoor Holdings (NYSE:KIND),

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Hedge funds trim Amazon, Facebook stakes; jump into Robinhood, Blend Labs in Q3
Stock Information
Company Name: Nextdoor Holdings Inc. Class A
Stock Symbol: KIND
Market: NYSE
Website: nextdoor.com
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