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.