(Bloomberg) Some of the world’s top hedge fund managers scaled back their U.S. stock investments last quarter as markets tumbled. The value of Stan Druckenmiller’s disclosed U.S. equity holdings dropped 41 percent to $868 million, according to a filing from the billionaire’s family office. The listed holdings at Louis Bacon’s Moore Capital Management fell 39 percent to $1.65 billion, while at David Tepper’s Appaloosa Management, they dropped 30 percent to $2.82 billion.
Druckenmiller, Bacon Among Top Managers Cutting Back U.S. Stocks
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