Market chatter on X this morning centers on recent 13F filings that reveal significant moves by hedge funds and large institutional players.

Thrive Capital (Josh Kushner) reported Q1 holdings including $106.3M in Shopify ($SHOP), $92.9M in Figma ($FIG), $72.8M in Oscar Health ($OSCR), and $71.3M in Carvana ($CVNA).

Trian Partners led by Nelson Peltz also updated its portfolio, while Bridgewater Associates under Ray Dalio reported a total of 993 holdings.

On the negative side, the Gates Foundation completely exited all Microsoft ($MSFT) shares in Q1.

Bill Ackman / Pershing Square disclosed major positions in Amazon ($AMZN) at $3.01B, Microsoft ($MSFT) at $2.37B, Uber ($UBER) at $2.25B, and Brookfield ($BN) at $2.73B.

Jim Cramer warned that a SpaceX IPO could prove "destructive" to the broader stock market.

Separately, the institutional Nvidia ($NVDA) portfolio has more than doubled since the start of 2026 and outperformed every other tracked institutional investor this year.

Why it matters

13F filings provide a clear window into how large institutions are allocating capital and shape broader market sentiment. The complete Microsoft exit by the Gates Foundation alongside concentrated bets on growth names like Shopify and Carvana signal shifting capital flows.

Bottom line

Markets are digesting fresh institutional positioning today, with focus on major hedge fund moves and concerns around potential large IPOs such as SpaceX. Nvidia continues to lead in institutional performance.