Billionaire investor George Soros on friday took a new stake in Time Warner Cable (TWC), added shares of Facebook Inc. (FB) and unloaded most of his stake in Alibaba Group Holding (BABA) in the second quarter, according to a 13F filing with the Securities and Exchange Commission.
Soros bought nearly 2.5 million shares of Facebook worth $222.3 million as of June 30 and purchased 1.45 million shares of Time Warner Cable worth $259.2 million, according to filing-tracking firm Whalewisdom.com. Soros Fund Management also sold nearly 4.4 million shares of Chinese e-commerce Firm Alibaba, almost its entire stake.
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