13F filings dominated today's tape. NVIDIA disclosed a 122.8 million Class A share stake in SpaceX, a rare cross-asset move from the chipmaker. Intel drew simultaneous interest from two major funds. Soros Fund Management reported a new 100,000-share stake. Coatue separately disclosed 12.1 million shares. Both filings landed today. INTC is up 183% year-to-date. Micron remains the week's top positive options bet, up 233% YTD with short interest at just 2.7% of free float.
Starboard Value filed significant stake reductions across three names. It cut its Riot Platforms position by 34.9% to 10.1 million shares. Its Match Group stake fell 31.8% to 7.8 million shares. It also trimmed Fluor Corp by 45% to 1.6 million shares. The broad-based reduction signals a portfolio reshuffle at the activist fund.
Soros Fund Management raised its Oracle stake by 29.7%. It also dissolved its entire Comcast position and cut Blue Owl Capital by 51.8%.
Bernstein swept the industrial sector with target hikes today. Parker-Hannifin got the biggest bump — target raised 17% to $1,218. Johnson Controls, Emerson Electric, Trane Technologies, and Rockwell Automation all saw targets lifted with buy ratings held.
Diana Shipping withdrew its acquisition offer for Genco Shipping after Genco's board held out for $36.91 per share. Diana called the terms "unrealistic and misaligned with shareholders."
Home Depot reports Tuesday. It is the key read on US consumer health. Progressive Corp follows Wednesday. In Europe, QBE Insurance Group reports today.
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