Morgan Stanley Q2 still adds fuel to tech giants like NVIDIA, heavily increasing holdings in Chinese concept stocks such as Full Truck Alliance
JP Morgan increased its holdings of tech giants such as NVIDIA in the second quarter, with the value of its holdings increasing by 3%. Among the top five major holdings, Microsoft had the largest position, increasing by 3.81% compared to the previous quarter
According to the disclosure from the U.S. Securities and Exchange Commission (SEC) obtained by Zhitong Finance APP, Morgan Stanley submitted the second-quarter position report (13F) as of June 30, 2024.
Statistics show that Morgan Stanley's total market value of holdings in the second quarter was $1.22 trillion, compared to $1.18 trillion in the previous quarter, representing a 3% increase on a quarter-on-quarter basis. The fund added 592 individual stocks to its portfolio in the second quarter, increased holdings in 2645 individual stocks, reduced holdings in 3428 individual stocks, and cleared out 638 individual stocks. The top ten holdings accounted for 24.27% of the total market value.
In the top ten heavy-weighted stocks of Morgan Stanley in the second quarter, large technology giants still dominate. In the top five heavy-weighted stocks, Microsoft (MSFT.US) ranked first with 1.33 billion shares held, with a market value of approximately $59.268 billion, accounting for 4.87% of the portfolio, representing a 3.81% increase in the number of shares held compared to the previous quarter.
NVIDIA (NVDA.US) ranked second with 3.91 billion shares held, with a market value of approximately $48.277 billion, accounting for 3.97% of the portfolio, representing a 2.94% increase in the number of shares held compared to the previous quarter.
Apple (AAPL.US) ranked third with 1.81 billion shares held, with a market value of approximately $38.077 billion, accounting for 3.13% of the portfolio, representing a 15.85% increase in the number of shares held compared to the previous quarter.
Amazon (AMZN.US) ranked fourth with 1.73 billion shares held, with a market value of $33.407 billion, accounting for 2.74% of the portfolio, representing a 0.66% increase in the number of shares held compared to the previous quarter.
SPDR S&P 500 ETF (SPY.US) ranked fifth with 0.56 billion shares held, with a market value of $30.655 billion, accounting for 2.52% of the portfolio, representing a 6.68% decrease in the number of shares held compared to the previous quarter.
In the second quarter, Morgan Stanley initiated positions in Blackrock Flexible Income ETF (BINC.US), GE Vernova (GEV.US), UL Solutions (ULS.US), among other stocks, and cleared out positions in JP Morgan Active Bond ETF (JBND.US), Pioneer Natural Resources, among other stocks It is worth noting that this institution increased its holdings in tech giants such as Microsoft, NVIDIA, Apple, Amazon, Meta, and Google (GOOGL.US) this quarter, while also significantly increasing its holdings in Full Truck Alliance (YMM.US) by 26.7 million shares, as well as Chinese concept stocks like iQIYI (IQ.US) and Bilibili (BILI.US). This quarter, the institution also reduced its holdings in Nuwellis (NUWE.US) and other stocks.
In terms of changes in portfolio composition, the top five buys are: NVIDIA, Apple, Google, Microsoft, and Broadcom (AVGO.US).
The top five sells include: Salesforce (CRM.US), JP Morgan, Bristol Myers Squibb (BMY.US), SPDR S&P 500 ETF (SPY.US), and Progressive Corporation (PGR.US).
