Soros Fund Management LLC, George Soros' hedge fund, took new stakes in Apple Inc. , Fitbit Inc. , Netflix Inc. , Nike Inc. , Starbucks Corp. , and Yahoo Inc. , according to a regulatory filing submitted Monday. Most of the new holdings were on a relatively small scale, ranging from 3,100 shares in Apple to 141,924 shares in Yahoo. The fund also pared its stakes in several large companies and held 6,637 shares of Alphabet Inc. at the end of the first quarter compared with 65,570 at the end of the fourth quarter. Its stake in Facebook Inc. fell to 442,696 from 816,761 and it trimmed its stake in Amazon.com Inc. to 71,140 versus 106,363 shares. The one notable increase was eBay Inc. from 3,434,592 shares to 3,704,830. Meanwhile, Soros Fund no longer hold call options--an option to buy an asset at a specified price--in Alibaba Group Holdings Ltd. .
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
