After dumping its entire holding of Amazon stock within the fourth quarter of 2017, Soros Fund Management bought 51,0 shares within the e-commerce as well as cloud giant within the three months ended March 31. The Amazon stake was worth $74.1 million. Amazon has been one of the best-performing technology stocks in which year, up over 34 percent year-to-date.
Soros’ fund also loaded up on 20,800 Alphabet shares.
Netflix appeared to be another favorite of the fund. After buying a large amount of stock within the streaming giant within the fourth quarter of 2017, Soros Fund Management acquired another 148,500 shares within the first quarter of in which year. Netflix had a very strong first quarter, adding more subscribers to its service than the market had expected.
On the flipside, Soros’ fund dumped its tiny 34,100 share holding in Twitter. as well as the idea did not buy any shares of Facebook after completely cutting its stake within the fourth quarter of 2017.