George Soros’ Quantum Fund seems to be favoring internet stocks.
Soros, like many other fund managers, invested in Alibaba (BABA), to the tune of 4.4 million shares and 2.9% of the portfolio.
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Yahoo was purchased by Soros at 5, 042, 412 and comprises 1.5% of Soros’ portfolio. He also bought Travelport Worldwide at 2.8 million shares, and it makes up 0.34% of his portfolio.
Soros purchased 98, 764 shares of Netflix which comprises 0.33% of his portfolio. His fifth pick is Best Buy. Soros bought 944, 843 shares to comprise a 0.24% holding.