Gotrade News - Q1 2026 13F filings reveal a major billionaire rotation from Big Tech into memory and storage stocks. Stanley Druckenmiller exited his entire Alphabet stake while David Tepper nearly doubled his Amazon position.
The contrasting moves underscore divergent views on AI valuations across top hedge funds. Retail investors now have a fresh map for weighing exposure to AI and data center infrastructure plays.
Key Takeaways
- Druckenmiller fully exited 385,000 shares of GOOGL and rotated capital into SNDK, STX, and MU.
- Berkshire's Greg Abel dumped Amazon entirely, while Tepper's Appaloosa nearly doubled its AMZN stake.
- Berkshire kept its core positions in Apple and Coca-Cola as long-term dividend anchors.
Druckenmiller's Big Tech to Memory Rotation
According to The Motley Fool, Duquesne Family Office sold all 385,000 shares of Alphabet (GOOGL) during Q1 2026. The position had appreciated more than 50 percent before liquidation.
Druckenmiller flagged growing skepticism toward AI valuations as a driver. He noted that AI "might be a little overhyped now" and could rhyme with the internet era.
Proceeds from the GOOGL exit funded purchases across three memory and storage names. The fund added 38,155 shares of Sandisk (SNDK), plus 50,700 shares of Seagate and 23,400 shares of Micron.
Per the same report, data center demand is now described as overwhelming supply. Margins are expanding even as forward price-to-earnings ratios remain near 8 for Sandisk and 7 for Micron.
Duquesne's average holding period of roughly eight months also helps explain the profit-taking decision on GOOGL. Druckenmiller is known for moving quickly when a valuation thesis starts to fade.
The Amazon Split Between Abel and Tepper
As reported by The Motley Fool, Berkshire Hathaway under Greg Abel fully exited its Amazon (AMZN) position during Q1. The holding was likely managed by Todd Combs, who left Berkshire in January 2026 for JPMorgan Chase.
On the other side of the trade, David Tepper of Appaloosa Management nearly doubled his Amazon stake. He reportedly saw an opportunity to buy a great stock at a discount after the February decline.
Amazon is now Tepper's top holding by a wide margin within the Appaloosa portfolio. Shares have risen more than 20 percent since the end of Q1 2026.
Tepper appears to view Amazon's elevated AI capital expenditure as a long-term strategic move. The spending supports Amazon Web Services expansion and emerging satellite internet services.
The Berkshire sale likely traces back to Todd Combs leaving for JPMorgan Chase in January 2026. Positions he managed have tended to be unwound after his departure from the firm.
Meanwhile, Berkshire maintained its anchor stakes in Apple and Coca-Cola through Q1. Buffett still highlights Apple's competitive moat and Coca-Cola's record of 50-plus consecutive years of dividend hikes, per The Motley Fool.
Sources
- Billionaire Stanley Druckenmiller Dumped Google Parent Alphabet and Piled Into a Trio of Skyrocketing Memory and Storage Stocks (The Motley Fool)
- Greg Abel Just Dumped Amazon. David Tepper Nearly Doubled His Stake. One of Them Is About to Look Very Smart. (The Motley Fool)
- Best Warren Buffett Stock to Buy Right Now: Apple vs Coca-Cola (The Motley Fool)
