2023-08-14 17:54:34 ET
3G Capital Partners, the investment firm co-founded by Brazilian billionaire Alexandre Behring, disposed off its stake in chip giant NVIDIA ( NASDAQ: NVDA ) in Q2 2023, while taking new positions in several companies including user car seller Carvana ( NYSE: CVNA ) and Chinese e-commerce major JD.com ( NASDAQ: JD ).
3G Capital disclosed the information in its latest 13F filing for the three months ended June 30, 2023, published on Monday.
The firm shed its stake of 20K shares in NVIDIA ( NVDA ) in Q2. 3G Capital also exited its position of 87.5K American depositary shares in Sony ( SONY ) and 250K class A shares in South Korean e-commerce company Coupang ( CPNG ).
The investment firm snapped up 60K class A shares in Carvana ( CVNA ) in Q2. Short interest on the stock stands at a whopping 47.45% of the total float.
3G Capital also picked up 80K class A American depositary shares in JD.com ( JD ) in Q2, while picking up 50K American depositary shares in another Chinese retailer, PDD Holdings ( PDD ).
Additionally, 3G Capital disclosed the following new stakes: 58.5K shares, 48K shares and 10K shares in semiconductor companies Applied Materials ( AMAT ), Analog Devices ( ADI ), and KLA Corp ( KLAC ), respectively; and nearly 105K class A shares in Goosehead Insurance ( GSHD ).
Other notable moves: 3G Capital marginally bumped up its stake in Facebook-owner Meta Platforms ( META ) to 50K class A shares from 45K in Q1 2023; trimmed its position in Alphabet's ( GOOGL ) class A capital stock to 30K shares from 92.5K shares; cut its holdings in chip-making tools supplier Lam Research ( LRCX ) to 9K shares from 14.5K shares; and reduced its stake in casino operator Wynn Resorts ( WYNN ) to 105K shares from 117.5K shares.
According to Forbes, Alexandre Behring's real time net worth is $5.8B.
More on 13F filings
- Ray Dalio's Bridgewater sells Netflix, Home Depot, adds AT&T, Micron
- David Tepper's Appaloosa adds AMD, Apple, exits Walt Disney, Tesla
- Warren Buffett's Berkshire builds stakes in homebuilders DHI, NVR, Lennar
- Daniel Loeb's Third Point adds Activision, Black Knight; exits Colgate Palmolive
For further details see:
3G Capital exits stake in NVIDIA in Q2, takes in new positions in Carvana, JD.com