Valbonne Capital, a new Miami-based quant hedge fund firm led by Managing Partner Aidan Ranzieri is preparing to launch publicly in September, following months of internal trading and strategy development.

Activist Hedge fund firm Toms Capital Investment Management has requested a meeting with the board of CSX after building a stake in US railroad operator, according to a report by Reuters citing unnamed people familiar with the matter.

Two of the hedge fund industry’s biggest players – Point72 Asset Management and ExodusPoint Capital Management – have disclosed stakes in Alt5 Sigma, the crypto-payments company tied to the Trump family, according to a report by Bloomberg.

MGM Resorts International emerged as the most added consumer discretionary stock among hedge funds in the second quarter of the year, according to a report by Casino.org citing analysis by Morgan Stanley of the latest 13F filings.

UK hedge fund Marshall Wace slashed its position in Chinese EV maker Nio by nearly 75% in the second quarter, selling more than 4.3m shares and ending June with under 1.5m shares, according to the firm’s latest 13F filing.

Hedge funds loaded up on US equities at the fastest pace in nearly two months last week, positioning portfolios for an expected Federal Reserve rate cut in September, according to a report by Reuters citing a client note from Goldman Sachs.

Activist hedge fund ValueAct Holdings reshaped its portfolio in Q2, trimming exposure to some of its high-profile holdings inclined meta Platforms and Disney, while leaning into new positions, according to a report by Seeking alpha citing the firm’s latest 13F filing.

Hedge funds boosted exposure to US technology companies in the second quarter of the year, with Microsoft and Netflix among the biggest winners from the latest round of 13F filings, according to a report by Bloomberg.