Latest news with #Forms13F
Yahoo
25-07-2025
- Business
- Yahoo
Billionaires Sell Nvidia Stock and Buy a BlackRock ETF Wall Street Experts Say Can Soar Up to 8,595%
Key Points Hedge fund billionaires Ken Griffin and Steven Cohen sold shares of Nvidia and added to their positions in BlackRock's iShares Bitcoin Trust during the first quarter. Nvidia was battling headwinds related to DeepSeek and chip export restrictions during the first quarter, but those potential problems have since become less worrisome. More companies and institutional investors are buying Bitcoin, a trend likely to continue due to its status as digital gold and the increasingly favorable regulatory environment. 10 stocks we like better than iShares Bitcoin Trust › Nvidia (NASDAQ: NVDA) shares have advanced 1,080% since January 2023 as demand for artificial intelligence (AI) infrastructure has surged. Nevertheless, the hedge fund billionaires listed below sold Nvidia in the first quarter and bought shares of the iShares Bitcoin Trust (NASDAQ: IBIT), a BlackRock fund that could soar in the coming years if certain Wall Street experts are correct. Ken Griffin of Citadel Advisors sold 1.5 million shares of Nvidia, reducing his position 50%. He also added 2 million shares of the iShares Bitcoin Trust, increasing his stake 195%. Steven Cohen of Point72 Asset Management sold 2 million shares of Nvidia, trimming his position 50%. He also added 1.3 million shares of the iShares Bitcoin Trust, increasing his stake 49%. These details come from Forms 13F filed with SEC. While those forms provide insight into what hedge fund managers are buying and selling, the information is somewhat outdated because the trades were made at least four months ago. Here's a more current look at Nvidia and the iShares Bitcoin Trust. 1. Nvidia Nvidia is the market leader in data center graphics processing units (GPUs), chips used to accelerate complex workloads like training large language models (LLMs) and running artificial intelligence (AI) applications. "Nvidia sets the pace for AI infrastructure worldwide. Without Nvidia's GPUs, modern AI wouldn't be possible," according to Forrester Research. Nvidia was battling a few headwinds that have since been resolved when billionaires Ken Griffin and Steven Cohen sold shares in the first quarter. Investors worried demand for Nvidia GPUs would slow after Chinese AI start-up DeepSeek reportedly used fewer and less powerful chips to develop LLMs rivaling those from U.S. companies. But demand has stayed robust because cost efficiencies have made AI accessible to more companies. Additionally, the Commerce Department under former President Joe Biden announced a strict export control framework (called the AI Diffusion Rule) that would have limited Nvidia's ability to sell semiconductors in most countries. The Trump administration has since rescinded that rule and even restored Nvidia's ability to sell H20 GPUs in China. Looking ahead, Grand View Research estimates AI spending across hardware, software, and services will increase at 35% annually through 2030. Nvidia remains one of the companies best positioned to benefit. Wall Street expects earnings to grow at 29% annually in the next three to five years, which makes the current valuation of 56 times earnings look tolerable. Patient investors should feel comfortable holding Nvidia stock for years to come. 2. iShares Bitcoin Trust The price of Bitcoin (CRYPTO: BTC) has rocketed 612% since January 2023. The cryptocurrency currently trades at $118,000 and has a market value of $2.3 trillion, but these Wall Street experts expect monster returns in the coming years. David Puell at Ark Invest has outlined a bull-case scenario in which Bitcoin hits $1.5 million by 2030. That implies 1,170% upside from its current price. Bernstein analyst Gautam Chhugani thinks Bitcoin will hit $1 million by 2033. That implies 745% upside from its current price. Tom Lee of Fundstrat Global Advisors recently told CNBC Bitcoin can hit $3 million or more in the long run. That implies 2,440% upside from its current price. Strategy (formerly known as MicroStrategy) chairman Michael Saylor thinks Bitcoin will be a $200 trillion asset by 2045. That implies 8,595% upside from its current market value. Bitwise CIO says Bitcoin is the "largest, most liquid, and most established" cryptocurrency. Also, Bitcoin's fixed supply makes it a hedge against the inflation-driven devaluation of fiat currencies like the U.S. dollar, drawing comparisons to gold. Those qualities should encourage more retail investors and institutional investors to participate in the market in the years ahead. Indeed, the Bitcoin supply held by public and private companies has increased more than 30% year to date due to the increasingly favorable U.S. regulatory environment under the Trump administration. Most notably, the president signed an executive order establishing a strategic Bitcoin reserve, which may eventually let the federal government buy Bitcoin. Spot Bitcoin ETFs make it particularly easy to get exposure to the cryptocurrency. They let investors add Bitcoin to existing brokerage accounts without the high fees associated with cryptocurrency exchanges. For instance, the iShares Bitcoin Trust charges 0.25% per year, but Coinbase charges between 0.4% and 0.6% per transaction under $10,000. Consequently, institutional investors are piling into newly minted spot Bitcoin ETFs. In fact, recently filed Forms 13F show the number of large asset managers (i.e., those with $100 million-plus in securities) with positions in the two largest spot Bitcoin ETFs -- iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund -- nearly tripled in the past year. As a caveat, investors should never put too much confidence in forecasts because there is no guarantee Bitcoin reaches these prices. Also, prospective investors should be aware Bitcoin has historically been very volatile. Its price has dropped more than 50% from a record high three times in the last five years, and similar downturns are likely in the future. Investors comfortable with those risks, especially those with a long time horizon, should consider adding Bitcoin exposure to their portfolios. The BlackRock iShares Bitcoin Trust is a cheap and convenient way of doing that. Do the experts think iShares Bitcoin Trust is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did iShares Bitcoin Trust make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,037% vs. just 182% for the S&P — that is beating the market by 855.37%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $634,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,799!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Trevor Jennewine has positions in Nvidia. The Motley Fool has positions in and recommends Bitcoin and Nvidia. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy. Billionaires Sell Nvidia Stock and Buy a BlackRock ETF Wall Street Experts Say Can Soar Up to 8,595% was originally published by The Motley Fool
Globe and Mail
16-04-2025
- Business
- Globe and Mail
Warren Buffett Sent Wall Street a $134 Billion Warning Before the Stock Market Correction. History Says This Will Happen Next.
The S&P 500 (SNPINDEX: ^GSPC), commonly regarded as the best barometer for the overall U.S. stock market, has declined 12% since hitting a record high in February. That puts the benchmark index in correction territory. And while Warren Buffett admits he cannot predict short-term market movements, he did send investors a $134 billion warning mere months before the crash. Here's what investors should know. Warren Buffett sounded a $134 billion warning ahead of the stock market correction Warren Buffett is one of the greatest investors in American history. Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) has evolved from a small textile mill into a trillion-dollar company since he took control six decades ago, in large part because of his knack for purchasing quality businesses and stocks at reasonable prices. Berkshire stock has returned 20% annually under Buffett, such that the company has grown twice as fast as the S&P 500. Awed by that outperformance, many investors track the stocks Buffett trades by reviewing Berkshire's quarterly Forms 13F and annual Forms 10-K. But rather than compelling ideas, investors found a warning in the company's latest annual filing. Specifically, Berkshire's net stock sales totaled a record $134 billion last year. The company also had a record $344 billion in cash and equivalents on its balance sheet at year end. Those numbers indicate that Buffett was leaning away from the stock market at a historic pace despite having plenty of cash. However, the S&P 500 is now in correction territory, so I would not be surprised if Berkshire is currently a net buyer of stocks. Indeed, Buffett in the past has told investors to lean into sell-offs because "the best chance to deploy capital is when things are going down." History says the stock market could move much higher in the next year Buffett wrote an opinion piece for The New York Times as the financial crisis roiled the U.S. stock market in 2008. He famously urged investors to "be greedy when others are fearful," and he warned against market timing strategies. "I can't predict the short-term movements of the stock market. I haven't the faintest idea as to whether stocks will be higher or lower a month or a year from now," Buffett wrote. "What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up." The S&P 500 has suffered nine market corrections in the last 15 years, two of which became full bear markets. But the benchmark index has historically rebounded quickly after its first close in correction territory, as shown in the chart below. S&P 500 First Closes in Correction Territory 12-Month Return May 20, 2010 24% Aug. 4, 2011 16% Aug. 24, 2015 15% Jan. 13, 2016 20% Feb. 8, 2018 5% Nov. 23, 2018 18% Feb. 27, 2020 28% Feb. 27, 2022 (7%) Oct. 27, 2023 41% Average 18% Data source: YCharts. Since 2010, the S&P 500 has returned an average of 18% during the 12-month period following its first close in correction territory. We can use that information to make an educated guess about what may happen in the coming months. Specifically, the S&P 500 on March 13 closed at 5,521, down 10% from the record high it reached on Feb. 19. That was its first close in correction territory during the current drawdown. The index will advance 18% to 6,515 in the next year if its performance aligns with the historical average. That implies 20% upside from its current level of 5,400. Interestingly, Wall Street also anticipates double-digit gains in the S&P 500 in the remaining months of 2025. The average year-end target for the S&P 500 is 6,100 based on estimates from 17 investment banks and research firms. That forecast implies 13% upside from the current level. Here is the bottom line: As Buffett explained, no one knows when the current stock market correction will end. But rebounds typically start before economic conditions and investor sentiment improve. Moreover, the S&P 500 has usually recovered rapidly following its first close in correction territory. All that information means patient investors should feel good about buying high-conviction stocks today. Should you invest $1,000 in S&P 500 Index right now? Before you buy stock in S&P 500 Index, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and S&P 500 Index wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $502,231!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $678,552!* Now, it's worth noting Stock Advisor 's total average return is800% — a market-crushing outperformance compared to156%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of April 14, 2025 Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a disclosure policy.
Yahoo
27-03-2025
- Business
- Yahoo
Billionaires Buy a BlackRock ETF Wall Street Experts Say May Soar Up to 55,900%
During the fourth quarter, several hedge fund billionaires added to their positions in the iShares Bitcoin Trust (NASDAQ: IBIT), an exchange-traded fund (ETF) managed by BlackRock that tracks the spot price of Bitcoin (CRYPTO: BTC). Details are provided below: Israel Englander's Millennium Management bought 6.3 million shares of the spot Bitcoin ETF, increasing its position by 27%. The BlackRock fund is now the third largest holding in the portfolio excluding options. Ken Griffin's Citadel Advisors bought 1 million shares of the spot Bitcoin ETF, increasing its stake 5,196%. However, the BlackRock fund still represents a relatively small portion of the overall portfolio. David Shaw's D.E. Shaw bought 7.4 million shares of the spot Bitcoin ETF, increasing its position by 345%. The BlackRock fund now ranks among the top 25 holdings in the portfolio excluding options. Paul Tudor Jones' Tudor Investment bought 3.6 million shares of the spot Bitcoin ETF, increasing its stake 82%. The BlackRock fund now ranks as the largest holding in the portfolio excluding options. Bitcoin ownership for years was primarily limited to retail investors, but Forms 13F filed in February indicate that successful institutional investors have taken an interest. Citadel, D.E. Shaw, and Millennium are the three most profitable hedge funds in history, according to LCH Investments. Importantly, certain Wall Street experts expect Bitcoin (and therefore the iShares Bitcoin Trust) to soar in the coming years. Here's what investors should know. Bitcoin in January reached a high of nearly $106,200, but its price has since tumbled about 18% to $87,500 as of March 26. The reason for that decline is likely a combination of profit taking and economic uncertainty. The cryptocurrency market soared after Donald Trump won the presidential election in November, but tariffs have pushed investors away from risky assets. Nevertheless, the Wall Street experts listed below think Bitcoin is headed much higher in the long run: Bernstein analyst Gautam Chhugani thinks Bitcoin could reach $1 million by 2033. That implies about 1,040% upside from its current price. Bitwise CIO Matt Hougan thinks Bitcoin will reach $1 million by 2029. That also implies about 1,040% upside from its current price but in much less time. Ark Invest CEO Cathie Wood thinks Bitcoin could hit $3.8 million by 2030. That implies about 4,240% upside from its current price. Strategy Executive Chairman Michael Saylor estimates Bitcoin's price will fall between $3 trillion and $49 trillion by 2045. This implies upside ranging from 3,325% to 55,900% from its current price. Importantly, the target prices listed above imply equivalent upside in spot Bitcoin ETFs such as the iShares Bitcoin Trust. Investors should never lean too heavily on forecasts, especially those that imply enormous gains, but there is good reason to think Bitcoin will be more valuable in the future. The investment thesis for Bitcoin centers entirely on demand. Its supply is limited to 21 million coins, which leaves demand as the only variable of consequence. And several forces promise to drive Bitcoin demand higher in the coming years. Spot Bitcoin ETFs: The Securities and Exchange Commission (SEC) last year approved spot Bitcoin ETFs, investment products that provide exposure to the cryptocurrency without the hassle and high fees of cryptocurrency exchanges. The response has been overwhelming. The iShares Bitcoin Trust attracted over $37 billion in net inflows during its first year on the market, making it the most successful ETF launch in history, according to The Wall Street Journal. Institutional demand: Bitwise CIO Matt Hougan last year wrote, "Bitcoin ETFs are being adopted by institutions at the fastest rate of any ETF in history." That is important because institutional investors like banks, hedge funds, and pensions collectively have more than $120 trillion in assets under management. A small fraction of that sum allocated to Bitcoin could drive its price much higher. Regulatory changes: President Donald Trump earlier this year created a strategic Bitcoin reserve. The market was disappointed because the memo did not leave room for the government to purchase Bitcoin but instead said the reserve would be capitalized with Bitcoin seized during criminal proceedings. However, that could change in the future. In the meantime, the pro-cryptocurrency stance of the current administration further legitimizes Bitcoin. Here's the bottom line: Spot Bitcoin ETFs are unlocking demand among retail investors and institutional investors. And support shown for the cryptocurrency industry by the current presidential administration could encourage more investors to enter the market. Also, the U.S. government may eventually buy Bitcoin for its strategic reserve. Those forces should contribute to demand, driving its price higher. Personally, I think Bitcoin could reach $1 million at some point in the future, but investors should be aware of the associated risks before putting money into the cryptocurrency. Namely, Bitcoin has been volatile throughout its relatively short history. Its price declined more than 50% from a record high three times in the last five years and often took at least six months to recover. Also, the dearth of historical data makes it difficult to predict how various economic events (e.g., recession) may impact its price. Investors comfortable with those risks should consider adding Bitcoin exposure to their portfolios. And buying a small position in the iShares Bitcoin Trust is a cheap and simple way to make that happen. Before you buy stock in iShares Bitcoin Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and iShares Bitcoin Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $739,720!* Now, it's worth noting Stock Advisor's total average return is 870% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 24, 2025 Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Billionaires Buy a BlackRock ETF Wall Street Experts Say May Soar Up to 55,900% was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
08-02-2025
- Business
- Yahoo
Billionaires Are Buying a BlackRock ETF Wall Street Experts Say May Soar Up to 50,415%
Several billionaire hedge fund managers in the third quarter added to their positions in the iShares Bitcoin Trust (NASDAQ: IBIT), an exchange-traded fund (ETF) issued by BlackRock that tracks the price of Bitcoin (CRYPTO: BTC). Details are provided below: Israel Englander of Millennium Management bought 12.6 million shares of the iShares Bitcoin Trust, increasing his stake by 116%. The BlackRock fund is now his eighth largest holding excluding options. Paul Tudor Jones of Tudor Investment bought 3.5 million shares of the iShares Bitcoin Trust, increasing his stake by 409%. The BlackRock fund is now his third largest holding excluding options. Steven Schonfeld of Schonfeld Strategic Advisors bought 1.2 million shares of the iShares Bitcoin Trust, increasing his stake by 30%. The BlackRock fund is now his fourth largest holding excluding options. Importantly, those trades took place in the third quarter, which ended several months ago. The fund managers may have added or sold shares since then, but we won't know what action they took in the fourth quarter until Forms 13F are filed later this month. However, the trades above still suggest institutional investors are increasingly interested in Bitcoin. Certain Wall Street experts think that trend will ultimately make the cryptocurrency much more valuable. Bitcoin more than doubled in the past year amid a flurry positive developments, including the approval of spot Bitcoin ETFs like the iShares Bitcoin Trust, and expectations that President Donald Trump will usher in positive regulatory changes. Bitcoin currently trades at $97,000, but the Wall Street experts below think that number is headed higher: Gautam Chhugani at Bernstein thinks Bitcoin could reach $1 million by 2033. That implies about 930% upside from its current price. Cathie Wood at Ark Invest thinks Bitcoin could hit $3.8 million by 2030. That implies about 3,815% upside from its current price. Michael Saylor, executive chairman at MicroStrategy, estimates Bitcoin's price will land between $3 trillion and $49 trillion by 2045. That implies 2,990% to 50,415% upside from its current price. Importantly, the price targets above imply equivalent upside in the iShares Bitcoin Trust. Of course, investors should always treat forecasts with skepticism, especially when they promise enormous gains. But there are compelling reasons to believe Bitcoin will be more valuable in the future. Last year, the Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs in what many analysts called a turning point for the cryptocurrency industry. Those funds let investors add Bitcoin exposure to their existing brokerage accounts, while eliminating the complexity and high fees associated with cryptocurrency exchanges. For instance, the iShares Bitcoin Trust has an expense ratio of 0.25%, and that fee is assessed annually. But Coinbase charges between 0.4% and 0.6% per transaction under $10,000. That means investors get hit by transaction fees twice, once when they buy and again when the sell. In short, spot Bitcoin ETFs are a cheap and easy form of Bitcoin exposure, and that value proposition could encourage more institutional investors to participate in the market. I've already discussed three hedge fund managers with large positions in the iShares Bitcoin Trust, but other institutions are allocating capital to the cryptocurrency, too. Bitwise CIO Matt Hougan recently wrote, "Bitcoin ETFs are being adopted by institutions at the fastest rate of any ETF in history." That matters because institutions have about $120 trillion in assets under management. Even a fraction of that total invested in Bitcoin could push its price much higher. Indeed, BlackRock CEO Larry Fink says Bitcoin could hit $700,000 if institutions put 2% to 5% of their assets in the cryptocurrency. President Donald Trump on Jan. 23 signed an executive order aimed at strengthening U.S. leadership in digital financial technology. The directive established a working group tasked with evaluating the creation of a national digital asset stockpile, which would position the government as a buyer of Bitcoin. Meanwhile, the SEC formed a cryptocurrency task force to develop "a comprehensive and clear regulatory framework" for digital assets. Certain industry observers argue the agency regulated cryptocurrency through enforcement under former Chairman Gary Gensler rather than providing rules. So, regulatory clarity could further legitimize Bitcoin and encourage institutional adoption. While I doubt Bitcoin will soar 50,000% in the coming years, tailwinds from spot Bitcoin ETFs and positive regulatory changes could certainly make the cryptocurrency much more valuable. However investors should consider the risks before buying. Bitcoin has been a very volatile asset in the past. Its price has fallen more than 50% from a record high three times in the last five years. And similar volatility is likely in the future. Consequently, Bitcoin is best avoided by risk-averse investors. Additionally, Bitcoin has recently shown a high degree of correlation with the U.S. stock market, meaning its price has followed the ups and downs of domestic equities. That correlation is great when stocks are going up, but it means stock market declines can be twice as painful for anyone who also owns Bitcoin. Investors comfortable with those risks should consider adding Bitcoin exposure to their portfolios. Buying a small position in the iShares Bitcoin Trust is a cheap and easy way to accomplish that. Before you buy stock in iShares Bitcoin Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and iShares Bitcoin Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $788,619!* Now, it's worth noting Stock Advisor's total average return is 929% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list. Learn more » *Stock Advisor returns as of February 7, 2025 Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Billionaires Are Buying a BlackRock ETF Wall Street Experts Say May Soar Up to 50,415% was originally published by The Motley Fool
