George Soros’ fund bought $35 million of Tesla bonds while loading up on Amazon, Netflix stock

After dumping its entire holding of Amazon stock in the fourth quarter of 2017, Soros Fund Management bought 51,200 shares in the e-commerce and cloud giant in the three months ended March 31. The Amazon stake was worth $74.1 million. Amazon has been one of the best-performing technology stocks this 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 in the streaming giant in the fourth quarter of 2017, Soros Fund Management acquired another 148,500 shares in the first quarter of this 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 small 34,100 share holding in Twitter. And it did not buy any shares of Facebook after completely cutting its stake in the fourth quarter of 2017.

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