Billionaire Jeff Yass Reduced Susquehanna's Stake in Nvidia by 29% and Bought 2 Million Shares of This Other Artificial Intelligence (AI) Semiconductor Stock Instead
Signet(SIG) The Motley Fool·2024-11-27 20:45Jeff Yass' fund, Susquehanna International Group, has been offloading its position in Nvidia and quietly building a stake in another chip stock.Jeff Yass is a billionaire investor best known for co-founding Susquehanna International Group (SIG). SIG is a powerhouse fund boasting nearly $60 billion in assets under management.According to SIG's latest 13F filing, the fund sold approximately 5.6 million shares in semiconductor darling Nvidia (NVDA 0.66%) during the third quarter -- reducing its stake by 29%. A ...