Tiger Global and Adage Capital reduced their holdings in heavyweight AI companies in the fourth quarter.

According to information disclosed by the Securities and Exchange Commission, investors such as Tiger Global Management and Adage Capital Partners reduced their holdings of some heavyweight artificial intelligence companies in the fourth quarter of 2025, including Nvidia and Amazon. Some major investors are increasingly concerned that the valuations of the "Glamorous Seven Giants" have become too high, and their substantial expenditures on AI technology will not bring sufficient returns, and these quarterly 13-F filings provide insight into these investors' reactions. Tiger Global reduced its holdings of Microsoft stock from 6.5 million shares as of September 30, 2025, to 5.47 million shares in the fourth quarter. However, the hedge fund remains one of the largest investors in Microsoft, with holdings valued at $2.6 billion. Tiger also made a small reduction in its stake in Amazon, decreasing by 9.35%, with holdings of 10 million shares worth $2.3 billion by the end of 2025; Tiger also reduced its holdings in Nvidia, currently valued at $2.1 billion. Adage Capital disclosed that the company had made smaller reductions in holdings of Microsoft, Alphabet, Amazon, and Nvidia, ranging between 1% to 3%. However, Adage increased its holdings in Oracle by about 19%, reaching 1.87 million shares valued at approximately $365 million.