TREE NEWS reports: Harvest Fund increased its Nvidia position in the third quarter, raising the stock’s share of its assets to 7.1%. The firm also added Intel, Amazon, Microsoft, Broadcom, AMD, Alphabet and Micron, opened a long position in SpaceX, and trimmed Meta and Apple. Among China ADRs it added Alibaba, Yum China, Vipshop, Tencent Music and Qifu Technology, exited KE Holdings and GDS, and cut New Oriental, TAL and PDD.
Harvest Fund raises Nvidia stake in Q3, lifting weighting to 7.1%
AI take
Harvest's Q3 moves read as a broad re-risk into AI hardware and megacap tech rather than a single-stock bet, with Nvidia's 7.1% weighting the clearest signal of conviction. The trimming of Meta and Apple alongside additions across chip and cloud names suggests a rotation within tech, not a retreat from it. The SpaceX long position is the more unusual item, hinting at appetite for pre-IPO exposure. Whether the China ADR reshuffle — adding Alibaba and consumer names while exiting property-linked KE Holdings and GDS — reflects a durable view on Chinese consumption is the open question.
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