Blue Whale Growth's fund manager, Stephen Yiu, revealed that the fund sold all its Meta stocks following the announcement of reciprocal tariffs by Trump. Technology stocks make up approximately 40% of the fund's portfolio, with Meta previously accounting for about 3%.
The fund, backed by billionaire Peter Hargreaves, also divested its Microsoft stocks due to concerns over Microsoft's significant investments in artificial intelligence. Instead, the fund has been capitalizing on price declines to increase its holdings in NVIDIA. The stake in NVIDIA has risen from 7% at the end of 2024 to 10% of the entire portfolio.
