Large fortunes join wave of investments in artificial intelligence

artificial intelligence (AI) has created a consensus among investors that is difficult to find in the market. Access to this revolutionary technology, which still sounds like science fiction, seemed to be reserved for experts or large niche companies.

Without However, an easy way to benefit from this is to invest in listed companies that are developing or using AI in their production processes, which has attracted the attention of billions of investors. Large funds, small investors, and large fortunes They benefit from the rally, which has become the main character of recent months.

large technology and chip companies that led to the adoption of this technology in their business, became trending stocks and brought great joy to their shareholders (see pages 2-3). And also to Spanish investors, such as large fortunes, who have benefited greatly from this bet and believe in the continuation of the sector’s good streak in the stock market.

Investment portfolios of the country’s richest people who still invest their fortunes through Sikavare increasingly including investments in stocks that bet on AI.

Lake Erieone of the investment instruments Bernat Serraformer owners and founders lollipopsand owners Casa Batllo, This is a good example. He maintains a strong bet on six of Wall Street’s “Magnificent Seven” companies, artificial intelligence champions that have improved the portfolio’s performance in recent months.

Sicav has these companies (Amazon, Apple, Meta, Alphabet, Microsoft and Nvidia) among his top positions, and together they weigh nearly 47% of the portfolio. SICAV executives, CreandWe recognize that “the strong performance of (these companies) has had a very positive impact on the profitability of the portfolio, largely due to our strong weight in the companies.” This year the profitability of this SICAV was about 25%.

Alberto Palatchifounder and former owner Pronoviashas assets worth more than 1,000 million euros, managed through the largest SICAV in Spain. Hesprisa It’s also one of the best performers in recent months after rising nearly 24% in the first months of the year.

One of the investments that contributed most to Gesprisa’s profits during this period was Meta, which created its own artificial intelligence assistant. Meta AI.

But Palatchi’s portfolio includes many other disruptive technology companies, such as chip makers. ASML, NXP Semiconductors and Taiwan Semiconductor, Amazon, Apple, Nvidia, Alphabet, Microsoft and Teslaamong other things.

Alicia Koplowitzwhich accumulates one of Spain’s largest fortunes and has one of the largest SICAVs in the country with assets of more than 600 million euros, also joined the AI ​​frenzy last year and benefited.

BBVAwho drives her Sicav Morinvest, made about a dozen new equity investments in companies related to this disruptive innovation last year, and was bolstered by several more listed AI-related securities they already had in their portfolio in previous years. SICAV executives are aware that “the increase has been focused on the technological value associated with artificial intelligence,” they admit in the latest report.

Although his portfolio is more diversified than previous ones, Koplowitz also has a corresponding percentage of his investments in companies such as Meta. Taiwan Semiconductor, Nvidia or Microsoft, I’ll give a few examples. In total, he owns about 4% in companies of this type, worth about 20 million euros.

On the other hand, two SICAV Joaquin del Pinoson of the founder of Ferrovial, Rafael del Pinowho has a fortune Investment distribution and schedule She owns shares of Nvidia, Microsoft and Amazon, which have contributed heavily to both companies’ earnings in recent months.

Conservatives

Even family MarchAdhering to a very conservative style of managing its assets, it concentrates part of its investments on the stock market in shares of companies that rely on artificial intelligence.

TorrenovaSpain’s second largest SICAV, also with more than €1 billion in assets such as Gesprisa, is betting on shares of large technology companies such as Alphabet, ASML or Microsoftwithin a small portion of your investment in the stock market.