However, two hedge fund billionaires sold Microsoft and bought Meta Platforms in the third quarter: Stephen Mandel of Lone Pine Capital sold 364,426 shares of Microsoft, reducing his position by 18%.

Behind a record surge in cocoa prices this year, a corner of financial markets that drives the cost of chocolate underwent a seismic shift: the hedge funds that oiled its workings headed for the exit.

What a year it was for the stock market in 2024. The S&P 500 ripped higher by more than 27% as the bull market continued for ...