The investment firms of George Soros and Stanley Druckenmiller cut their holdings in the tech "Big Seven" long before this year's booming tech rally turned into a sharp decline in mid-July. Soros Fund Management sold some of its Alphabet holdings totaling $58 million and about $15 million in Amazon stock, according to regulatory filings in the three months to June. Druckenmiller was one of the investors who sold off Nvidia. Enthusiasm for artificial intelligence companies has accompanied the chip maker's share price. His Duquesne Family Office sold off more than 1.5 million shares, the filings show. At the same time, David Tepper's Appaloosa Management reduced its three largest positions - Amazon, Microsoft and Meta - extending a similar reduction disclosed at the end of March. David Bonderman's Wildcat Capital Management also reduced its holdings in Meta during the quarter, selling $24 million worth of shares.