Family Offices Pivot to Stocks on AI Bets, CNBC Tracker Finds
CNBC's Family Office Portfolio Tracker (Addepar) covers hundreds of ultra‑wealthy families with about $1.4 trillion in assets and shows stock allocations rose to 37% in Q2 from 34%, as public equities gained and AI bets influenced allocations. Private markets and real estate allocations declined by about 3 percentage points amid markdowns in private credit; cash stayed roughly flat. Top holdings included Microsoft, Amazon, Alphabet, Apple and Nvidia. The shift appears driven by market performance and an ongoing bullish tilt toward stocks rather than a bout of rebalancing.