Netflix, Meta dumped by hedge funds as tech sell-off continues

ByThomas L. Elston

May 21, 2022 #"Technology Docking Stations, #Absorbable Modified Polymers Technology, #Advanced Technology Grants Pass, #Aidan'S Professional Technology Services, #Albuquerque Nm Information Technology Recruiters, #Bhd Technology Vr, #Catholic ""Information Technology, #Ceo Comcast Technology, #Computer Technology Electronic, #Current Applications Of Rdna Technology, #Disadvantages Technology Law, #Ferrum Technology Services, #Fundamentals Of Medical Laboratory Technology, #Gmu Department Of Information Technology, #Hornborg Alf Technology Effects, #I'M Done Working In Technology, #James V. Arms Technology, #Jurassic Park Technology Analysis, #Liquidmetal Technology News, #Llc, #Mathey Technology And Engineering, #Medical Technology In 500 Bc, #Musc Library Technology Downloads, #New Jersey Technology Office Space, #Pc Ralley Technology, #Ridge Technology Services, #Technology 3x Reverse Etf, #Technology Abuse Use, #Technology Adoption Three Types, #Technology Advantage Info, #Technology And Improving Menial Jobs, #Technology Classroom Building 311, #Technology Companys In Usa, #Technology Distracting Studying Students, #Technology Enablement White Paper, #Technology Images For Ppt, #Technology Impact On Finance Departments, #Technology In Chennai, #Technology In Greek Translation, #Technology Into History Lesson, #Technology Is Electricity Ted Talks, #Technology Professionals Of British Columbia, #Technology Relatesecuirty Topics, #Technology Studies Emu, #Technology To Prevent Medication Errors, #Technology Want What Ails Look, #Tesla Technology Roadmap, #Veterinary Assisting Vs Veterinary Technology", #Wentworth Institute Of Technology Animation, #What Is Today'S Technology, #With The Arise Of Technology


NEW YORK, May well 16 (Reuters) – Tiger World-wide Administration, Winslow Cash Administration, and Scopus Asset Management ended up amid cash that offered all of their shares of streaming business Netflix Inc (NFLX.O) in advance of the firm claimed its to start with decline of subscribers in more than a 10 years in March, according to securities fillings released Monday.

The move away from Netflix, whose stock price is down 69% for the year to day, arrives as fund supervisors reassess significant technology companies which rallied adhering to the start out of the coronavirus pandemic in 2020 and assisted ability the benchmark S&P 500 to file highs.

The S&P 500 is now down almost 16% for the calendar year to date, although the Russell 1000 Progress index (.RUI), which is extra centered on know-how firms, is down almost 25% in excess of the similar time period.

Sign-up now for Cost-free unlimited entry to

Hedge fund Light-weight Avenue offered all its 149,025 shares in Fb-mother or father Meta Platforms Inc (FB.O) and 7,960 shares in Netflix. It pretty much halved its stake in Google-guardian Alphabet Inc (GOOGL.O) and trimmed its publicity to Inc (AMZN.O), minimizing it by 10% in the quarter that finished in March, filings demonstrate.

Hitchwood Money Administration LP, meanwhile, offered all of its 390,000 shares of Meta, whilst Dan Sundheim’s D1 Cash also reduced its stake in Amazon by 22%, to 198,433 shares, and Melvin Funds sold all of its 850,000 shares of Meta.

Securities filings regarded as 13-Fs are just one of the handful of community approaches to see what hedge cash and other institutional investors hold in their portfolios, nevertheless they are backward-hunting and do not expose existing positions.

In spite of the wide transfer absent from technological innovation, some hedge money additional to their positions in select providers. Farallon Funds Management extra 698,195 shares of Meta, whose shares are down 40.5% for the 12 months so far.

Coatue Administration, meanwhile, elevated its variety of shares in Meta Platforms Inc by 18.2% in the initial quarter, to 2,797,896. It also acquired much more shares in Netflix, ending March with 1,438,956 shares, or 54.5% more than in December.

Register now for Totally free unlimited access to

Reporting by David Randall and Carolina Mandl editing by Jonathan Oatis

Our Criteria: The Thomson Reuters Have confidence in Principles.


Source connection