Billionaire Family Offices Pivot to Tech and Real Assets as Crypto Bets Stumble

Billionaire investors including Leon Cooperman and David Tepper shifted portfolios into semiconductors and soccer as crypto bets falter in early 2026 filings.

By: AXL Media

Published: Mar 9, 2026, 6:43 AM EDT

Source: CNBC

Strategic Moves in Sports and Mortgages

Leon Cooperman’s family office, Omega Advisors, made waves with a significant expansion of its stake in the legendary English soccer club Manchester United. Despite fans’ concerns over a potential takeover, the 5.2% holding is officially classified as a passive investment, now valued at approximately $46.5 million. However, the firm’s most significant move was a massive $375 million allocation into Rocket Companies. This position in the mortgage lender has now become Omega’s largest single holding, valued at nearly $407 million, signaling a bet on the recovery of the US housing and lending market.

The AI Infrastructure Play

David Tepper’s Appaloosa has found substantial success by tripling its position in Micron, a leader in memory chips essential for AI data centers. The investment, now valued at $428.1 million, has already yielded impressive returns, with Micron shares surging 50% since the start of 2026. Similarly, Stanley Druckenmiller’s Duquesne Family Office capitalized on the clean energy and tech intersection by initiating a position in Bloom Energy. The fuel-cell company has seen its value double year-to-date, illustrating how family offices are successfully navigating the high-growth energy demands of the AI era.

Divergent Paths for Big Tech and Bitcoin

While some family offices are doubling down on "Magnificent Seven" stocks, others are retreating. Duquesne increased its Amazon holdings by 69% while exiting its position in Meta. Conversely, the Rausing family’s Longbow SA downsized its exposure across the entire major tech spectrum, including Apple, Microsoft, and Nvidia. Cryptocurrency bets have proven more volatile; the Walton family’s WIT LLC and Alan Parker’s Kemnay Advisory Services both reported double-digit losses on Bitcoin ETFs and Coinbase shares early in the year, as the digital asset market struggled to maintain its late-2025 momentum.