Christopher Rokos’ top holdings include NVIDIA Corporation (NVDA) and Alphabet Inc. (GOOGL), with GOOGL ranking 2nd with a 4.16% portfolio share. Recently, GOOGL sold $20 billion in bonds as part of a strategy shift towards AI-driven capital intensity. This move aligns with the trend of hyperscalers borrowing to finance AI infrastructure, as the five largest hyperscalers issued $121 billion in bonds last year. Following a guidance announcement, GOOGL’s capital expenditures could nearly double this year, signaling a shift towards a capital-intensive hyperscaler phase for the company. NVDA remains Rokos Capital Management’s top holding.

Read more at Yahoo Finance: Is Alphabet (GOOGL) Christopher Rokos’ Top Pick?