Coatue Management LLC Sells 121,094 Shares of GE Vernova Inc. $GEV

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Coatue Management LLC reduced its stake in GE Vernova Inc. (GEV) by 3.2%, selling 121,094 shares but still retaining 3,634,166 shares worth $2.235 billion, making it their fourth-largest holding. The power generation company is experiencing positive sentiment due to surging AI-driven gas turbine demand and a substantial backlog, leading to multiple analyst upgrades and a “Moderate Buy” rating. However, concerns regarding valuation, operating margins, and recent high gains suggest potential short-term volatility.

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