Soros sells Twitter, Facebook, Apple and Snap
Published: Nov. 14, 2017 at 5:36 p.m. ET
By Jeremy C. Owens
FB
-2.24%
AAPL
-3.00%
SNAP
-4.30%
TWTR
-1.68%
GE
+0.09%
GM
-0.22%
CPB
+0.85%
ORCL
-0.38%
George Soros's hedge fund, Soros Fund Management LLC, eliminated or reduced investments in some of the biggest names in tech last quarter, including Facebook Inc. FB, -2.24% and Apple Inc. AAPL, -3.00% Soros divested a 1,700-share stake in Apple as well as 1.55 million shares of Snapchat parent company Snap Inc. SNAP, -4.30%, according to a quarterly filing with the Securities and Exchange Commission. The hedge fund greatly decreased its holdings in Facebook and Twitter Inc. TWTR, -1.68%, cutting Facebook shares from 476,713 shares to 109,451 and chopping investments in Twitter's stock and debt. Among the new investments Soros opened in the quarter were General Electric Co. GE, +0.09%, General Motors Co. GM, -0.22%, Campbell Soup Co. CPB, +0.85% and Oracle Corp. ORCL, -0.38%
https://www.marketwatch.com/story/soros-sells-twitter-facebook-apple-and-snap-2017-11-14