April 18 - Blue Whale Capital LLP, backed by UK billionaire Peter Hargreaves, has fully exited its positions in Meta (META, Financial) and Microsoft (MSFT, Financial) after reducing its stakes in both companies last year, according to a Financial Times report on Friday.
Stephen Yiu, the fund's manager, noted that U.S. tariffs could negatively impact the global economy, which, in turn, might affect Meta's digital advertising business. Meta represented about 3.3% of the fund's portfolio before the divestment.
Additionally, Blue Whale Capital has reduced its holding in Microsoft (MSFT, Financial) as a result of concerns that the company's push into artificial intelligence could soon overshadow its ability to generate cash. The fund's Microsoft stake shrank from 8% in January 2024 to just 2.11% at the close of the year.
In contrast, Blue Whale increased its position in Nvidia (NVDA, Financial) after the tech stock dropped nearly 24% since the start of 2025. At the end of Q4 2024, the fund held 1.09 million shares of Nvidia, valued at $146.86 million.
The investment fund, which manages $1.34 billion in assets, has technology stocks comprising $788.7 million of its portfolio as of December 31, 2024.
