Howard Lutnick's Hedge Fund Increased Exposure to Bitcoin and Chinese Tech Stocks in Q4

US Commerce Secretary Howard Lutnick‘s hedge fund Cantor Fitzgerald LP increased the firm's exposure to Bitcoin BTC/USD and Chinese technology companies during the fourth quarter of 2024, when Donald Trump was reelected as the President.

US Commerce Secretary Howard Lutnick's hedge fund Cantor Fitzgerald LP increased the firm's exposure to Bitcoin (BTC) and Chinese technology companies during the fourth quarter of 2024.

The fund, which is named after Lutnick's investment banking firm, disclosed its holdings in a 13F filing with the SEC on Tuesday. The filing showed that Cantor Fitzgerald had $275 holdings valued at $5.020 billion as of the fourth quarter.

Among the fund's top holdings were Apple Inc (NASDAQ:AAPL), with shares valued at $643.3 million; Tesla, Inc. (NASDAQ:TSLA), with shares valued at $387.9 million; and Nvidia Corporation (NASDAQ:NVDA), with shares valued at $348.9 million.

The fund also had significant exposure to Bitcoin-related stocks and exchange-traded funds (ETFs), with holdings in Marathon Digital Holdings, Inc. (NASDAQ:MARA), Coinbase Global, Inc. (NASDAQ:COIN), and ProShares Bitcoin Strategy ETF (NYSE:BITO).

Lutnick is the chairman and CEO of Cantor Fitzgerald, who was picked by Trump to serve as the U.S. Secretary of Commerce. Cantor Fitzgerald was founded in 1945 and is one of the largest privately-held investment banks in the United States. The firm has a presence in over 20 countries and provides a range of financial services, including equity and fixed income sales, trading, and derivatives.

The fund added many Bitcoin-related stocks and ETFs to its portfolio in the fourth quarter amid the span of the U.S. elections, results for which were declared on Nov. 5.

Here are the key changes made to the fund’s portfolio during the quarter.

The Senate confirmed Howard Lutnick as Trump’s commerce secretary on Tuesday with a 51-45 vote, which fell along party lines. Lutnick had previously served as an adviser during Trump’s transition to his second term in the White House.

As Lutnick is part of the Trump 2.0 cabinet it is unclear if he will continue to serve as the CEO of the fund. Meanwhile, the fund has many co-CEOs including Pascal Bandelier, Sage Kelly, and Christian Wall.