Amazon, Apple stocks waver as hedge funds trim bets

Amazon (AMZN) and Apple (AAPL) stocks are trading lower Friday as hedge funds reduce their holdings in these companies.

Amazon's hedge fund holdings fell by $11 billion in the third quarter. Meanwhile, Apple saw double the reduction in investor holdings compared to additions during the quarter.

This comes as Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) cut its Apple position by approximately 25%.

Morning Brief Co-hosts Seana Smith and Brad Smith break down the details.

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This post was written by Angel Smith