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Growth stocks were among the favorites for hedge fund whales in the second = quarter. Monday was the deadline for hedge funds with more than $100M in as= sets under management, as well as other institutional investors and endowme= nts, to report certain stock holdings through 13F filings. The 13F season g= ives investors a glimpse into where the big players are betting, albeit wit= h dated information.A number of hedge funds and money managers looked to pi= ck up beaten-down growth stocks, such as tech, in Q2. From April to June, t= he Nasdaq 100 (NDX) (QQQ) fell more than 22%, while the S&P 500 (SP500)= (SPY) was down about 16.5%.Who's buying what?: Among the big-name disclosu= res, Warren Buffett's Berkshire-Hathaway (BRK.A) (BRK.B) boosted its stake = in Activision (ATVI) to ~68.4M shares from 64.3M. It also exited its stake = in Verizon (VZ).Soros Fund Management made a new investment in Tesla (TSLA)= (~29.9K shares) and disposed of its stakes in MGM Resorts (MGM) and Solid = Power (SLDP).David Tepper's Appaloosa took new positions in Salesforce (CRM= ), buying 200K shares, Alibaba (BABA), acquiring 100K shares, and Netflix (= NFLX), with 50K shares, during Q2.In addition, Elliott Investment Managemen= t started a stake in Pinterest (PINS) and shed Twitter (TWTR), Ray Dalio's = Bridgewater started positions in Rivian (RIVN) and Amazon (AMZN), the Gates= Foundation turned to autos with Vroom (VRM) and Carvana (CVNA), and Carl I= cahn eyed Bausch + Lomb (BLCO).Dan Loeb takes aim at Disney: It wouldn't be= 13F season without some hedge fund saber rattling. Dan Loeb's Third Point = Capital revealed a new stake of 1M shares in Disney (DIS) in its filing, bu= t added in a letter directly to the company that in recent weeks it had =E2= =80=9Crepurchased a significant stake.=E2=80=9DThird Point lobbied for a re= fresh of the Disney board, made its case for an ESPN spinoff and also asked= the FTC for permission to engage directly with the company.Disney defended= the composition of its board and noted that members have an average tenure= of just four years. (5 comments)
3D""
<= /a> Read in Browser
 
Stocks
Wha= le watch
Shutterstock
Growth stocks were among the favorites for hedge fund whales in the second = quarter. Monday was the deadline for hedge funds with more than $100M in as= sets under management, as well as other institutional investors and endowme= nts, to report certain stock holdings through 13F filings. The 13F season g= ives investors a glimpse into where the big players are betting, albeit wit= h dated information.

A number of hedge funds and money managers look= ed to pick up beaten-down growth stocks, such as tech, in Q2. From April to= June, the Nasdaq 100 (NDX) (<= a href=3D"https://email-st.seekingalpha.com/click/28743926.802712/aHR0cHM6L= y9zZWVraW5nYWxwaGEuY29tL3N5bWJvbC9RUVE_bWFpbGluZ2lkPTI4NzQzOTI2JnNlcmlhbD0y= ODc0MzkyNi44MDI3MTImdXNlcmlkPTM1Mzg0NTE1JnNvdXJjZT1lbWFpbF93c2ImbWVzc2FnZWl= kPXdhbGxfc3RyZWV0X2JyZWFrZmFzdCZ1dG1fc291cmNlPXNlZWtpbmdfYWxwaGEmdXRtX21lZG= l1bT1lbWFpbCZsY3RnPTYwYzFlNWM0ZGJhODNlNTkxNDlmZjM0Nw/60c1e5c4dba83e59149ff3= 47Bf38102a2" title=3D"Invesco QQQ ETF">QQQ) fell more than 22%, while t= he S&P 500 (SP500) (SPY) was down about 16.= 5%.

Who's buying what?: Among the big-name disclosures, War= ren Buffett's Berkshire-Hathaway (BRK.A) (BRK.= B) boosted its= stake in Activision (AT= VI) to ~68.4M shares from 64.3M. It also exited its stake in Verizon (<= a href=3D"https://email-st.seekingalpha.com/click/28743926.802712/aHR0cHM6L= y9zZWVraW5nYWxwaGEuY29tL3N5bWJvbC9WWj9tYWlsaW5naWQ9Mjg3NDM5MjYmc2VyaWFsPTI4= NzQzOTI2LjgwMjcxMiZ1c2VyaWQ9MzUzODQ1MTUmc291cmNlPWVtYWlsX3dzYiZtZXNzYWdlaWQ= 9d2FsbF9zdHJlZXRfYnJlYWtmYXN0JnV0bV9zb3VyY2U9c2Vla2luZ19hbHBoYSZ1dG1fbWVkaX= VtPWVtYWlsJmxjdGc9NjBjMWU1YzRkYmE4M2U1OTE0OWZmMzQ3/60c1e5c4dba83e59149ff347= B3b9d8529" title=3D"Verizon Communications Inc.">VZ).

Soros Fund= Management made a new investment<= /a> in Tesla (TSLA) (~29.9K shares= ) and disposed of its stakes in MGM Resorts (MGM) and Solid Power (SLDP).

David Tepper's Appaloosa took new positions i= n Salesforce (CRM), buying 200= K shares, Alibaba (B= ABA), acquiring 100K shares, and Netflix (NFLX), with 50K shares, during Q2.

In addition, Elliot= t Investment Management started a stake in Pinterest (PINS) and shed Twitter (TWTR), Ray Dalio's Bridgewater started positions in Rivian (RIVN) and Amazon (AMZN), the Gates Foundation turned to autos with Vroom (VRM) and Carvana (CVN= A), and Carl Icahn e= yed Bausch + Lomb (B= LCO).

Dan Loeb takes aim at Disney: It wouldn't= be 13F season without some hedge fund saber rattling. Dan Loeb's Third Poi= nt Capital revealed a new stake of 1M shares in Disney (DIS) in its filing, but added in a letter di= rectly to the company that in recent weeks it had =E2=80=9Crepurchased a si= gnificant stake.=E2=80=9D

Third Point lobbied for a refresh of the D= isney board, made its case for an ESPN spinoff and also asked the FTC for p= ermission to engage directly with the company.

Disney defended the composition o= f its board and noted that members have an average tenure of just four years. (5 comments)
     
Financials
WeWork= founder backing
Andreessen Horowitz, the prominent Silicon Valley venture capital firm, is = investing ~$350M in Flow, a new business being started by WeWork's (WE) founder Adam Neumann.

This time N= eumann's venture is focusing on residential rentals, a shift from the flexi= ble office space model he pioneered. The amount that Andreessen Horowitz is= investing is the largest it has ever made in a round of funding a company = and values the firm that hasn't yet even started operations at more than $1= B.

In a post on AH's website, Marc Andreessen explained why the firm= is putting its money into the venture. "We think it is natural that for hi= s first venture since WeWork, Adam returns to the theme of connecting peopl= e through transforming their physical spaces and building communities where= people spend the most time: their homes. Residential real estate - the wor= ld=E2=80=99s largest asset class - is ready for exactly this change," Andre= essen said. (4 comments)
     
Energy
Gas = prices
Petrobras (1 comments)
     
Earnings
Software sales slowdown?
While the lion's share of the season's tech earnings results has already co= me in, the infrastructure software sector remains in line for a slate of re= ports that may show a slowdown in growth that could drag on for several mon= ths. That's the view from analysts at Morgan Stanley, who on Monday lowered= their revenue outlooks on a handful of software companies such as Snowflak= e (SNOW) and Splunk (SPLK).

Analysts led by Sanjit Singh s= aid that factors such as longer sales cycles for companies that sell to lar= ge enterprises, slower usage trends that charge customers based on their pr= oduct usage and growing weakness in Europe have conspired to result in a mo= re cautious view of the infrastructure software sector. (1 comments)
     
Tencent boosts= payers
Tencent Music Entertainment (TME) reported second-quarter earnings where it saw some bro= ad user declines but boosted subscription revenues alongside an increase in= paying users. Revenues fell by 13.8% to 6.91B yuan (about $1.03B), a decli= ne that was better than expected, and the figure was up 3.9% from the prior= quarter.

Revenue from music subscriptions, though, jumped nearly 18= % to 2.11B yuan (about $315M). In total user metrics, mobile monthly active= users in online music fell by 4.8% to 593M, and mobile MAU for social ente= rtainment slid by 20.6%, to 166M - a decline the company attributed to lowe= r marketing spending. While paying users for social entertainment also fell= 28.2% to 7.9M, paying users for online music jumped nearly 25%, to 82.7M (= which the company credited to expanded sales channels and paying user loyal= ty, along with moderated promotions). (0 comments<= /a>)
     
Today's Market
In Asia, Japan -0.01%. Hong Kong -1.05%. China +0.05%. Indi= a +0.46%.
In Europe, at midday, = London +0.51%. Paris= +0.24%= . Frankfurt +0.52%.
Futures at 6:30, Dow -0.07%. S&P -0.18%. Nasdaq -0.21%. Crude -0.51% to $88.95. Gold -0.42% to $1790.35. Bitcoin +0.30% to $24,112.1.
Ten-year Treasury Yield +1 bps to 2.80%
Today's Economic Calendar
8:30 = Housing Starts and Permits
9:15 Industrial Production

<= a href=3D"https://email-st.seekingalpha.com/click/28743926.802712/aHR0cHM6L= y9zZWVraW5nYWxwaGEuY29tL2Vhcm5pbmdzL2Vhcm5pbmdzLWNhbGVuZGFyP21haWxpbmdpZD0y= ODc0MzkyNiZzZXJpYWw9Mjg3NDM5MjYuODAyNzEyJnVzZXJpZD0zNTM4NDUxNSZzb3VyY2U9ZW1= haWxfd3NiJm1lc3NhZ2VpZD13YWxsX3N0cmVldF9icmVha2Zhc3QmdXRtX3NvdXJjZT1zZWVraW= 5nX2FscGhhJnV0bV9tZWRpdW09ZW1haWwmbGN0Zz02MGMxZTVjNGRiYTgzZTU5MTQ5ZmYzNDc/6= 0c1e5c4dba83e59149ff347B7da28201">Companies reporting earnings today =C2=BB=
What else is happening...
Bullet Train (SONY),' '= Maverick' lead slowest box office in six months.
BP (BP) looking to dispose of its Mexican oil assets.

Turquoise Hill (TRQ) rejects Rio Tinto's (RIO) bid to take control of huge Mongolia mine.

FT= C's move to block Meta's (META) Within purchase gets December court= date.

Elon Musk tells China his views on the future of technology and society.

Lockheed (LMT) F-35 jets return to flight for Air Force after two= -week grounding.

Nu (NU) = stock climbs after Q2 revenue beat on cu= stomer, portfolio growth.

Hong Kong's Magic Empire (MEGL) stock rallies 77% after plunging 93% last week= .

HSBC sees more than 35% downside ahead= for Carnival Corp. (CCL) stock.
Seeking Alpha=E2=80=99s Wall Street Breakfast Podcast
Seeking Alpha's Wall Street Breakfast podcast brings you all the news you n= eed to know for your market day. Released by 8:00 AM ET each morning, it is= a quick listen that you can put on as you get ready to start your working = day.
 
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