Billionaire Chen Tianqiao Dumped 3 Tech Stocks and Betting On These 4 Stocks

6. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 74 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. In the 13F filings for the second quarter of 2024, Shanda Asset Management reported owning 200,000 shares in the company worth more than $39.8 million, representing nearly 2.23% of the portfolio. These shares were purchased at an average price of $188.89. This was a new holding in the portfolio, compared to previous regulatory revelations. However, in the filings for the third quarter of 2024, the hedge fund reported that it had sold off this stake entirely. The stock has climbed down more than 15% in value over the past six months and is presently trading at around $164 per share.