Some money managers and family offices for the ultra rich like Mark Zuckerberg dumped tech stocks just before the sector's big rally that kicked off 2023

• A wealth management office that serves clients like Mark Zuckerberg sold shares of a cloud-computing company that has soared 22% since the start of 2023.
• Meanwhile, Stan Druckenmiller's family office exited its Amazon position, which has surged 16% year-to-date.
• The tech-heavy Nasdaq Composite has notched double-digit percentage gains this year.

Certain money manager and family offices for the ultra wealthy sold tech stocks just before the sector's 2023 rally, per recent regulatory filings.

Stan Druckenmiller's Duquesne Family Office exited its Microsoft and Amazon positions in the last quarter of 2022, according to a 13F filing on Tuesday. But since the start of the year, both of the tech giants have shot up 13.6% and 16%, respectively.