Fund filings show a big Uber selloff but a general love of tech - Business Insider

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Stanley Druckenmiller dumped more than 2 million Uber shares, but other tech names like Netflix and Amazon are getting plenty of love from billionaire money managers

This story requires our BI Prime membership. To read the full article,New regulatory filings posted Thursday detail the biggest stock purchases and sales from billionaire fund managers in the third quarter.

Secretive funds like Chase Coleman's Tiger Global revealed the changes they made to their holdings in the third quarter, and some of the biggest names were very active. Druckenmiller also sold more than a million shares of Microsoft, which is his family office's biggest holding, and half of his Alibaba stake, which was worth $175 million at the end of the second quarter. Alibaba Group Holding Ltd Executive Chairman Ma attends the World Artificial Intelligence Conference in ShanghaiBillionaire Tiger Cub Chase Coleman is known for his tech prowess, and made a big bet on Alibaba, which has seen its stock price bounce up and down all year.

 

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