Some of the biggest, highest-profile U.S. hedge fund investors and money manager...
- Some of the biggest, highest-profile U.S. hedge fund investors and money managers fell back in love with FAANGs in the first quarter, according to regulatory filings released on Wednesday.
After dumping shares of Facebook Inc, Apple Inc, Amazon.com Inc, Netflix Inc and Alphabet Inc - the FAANG components - prominent hedge fund managers including Tiger Global Management LLC have moved back into the popular group. T. Rowe Price also added Facebook shares during the first quarter, increasing its stake by 19% to 107.9 million shares, as of the end of first quarter.Quarterly disclosures of hedge fund managers’ stock holdings in 13F filings with the SEC are one of a few public ways of tracking what the managers are buying and selling. But the disclosures are made 45 days after the end of each quarter and may not reflect current positions.
Buffett, who told CNBC in early May that Berkshire had bought Amazon shares for the first time, detailed the stake in Wednesday’s 13F filing, revealing that Berkshire took a stake in the first quarter totaling 483,300 shares.
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