Karsch Capital sold out its entire stake in QUALCOMM, Inc. (NASDAQ:QCOM). The hedge fund owned 1,896,307 shares of the technology company at the beginning of the first quarter. It represented 7.91 percent of Karsch Capital's total portfolio. The hedge fund also closed its position in Moody's Corporation (NYSE:MCO) by selling all the 1,267,330 shares of the credit rating agency it owned.