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Soros and AOL stake...
Moreover, Soros Management boosted existing stakes in America Online Inc. and other technology companies during the fourth quarter, according to a Form 13F filed with the U.S. Securities and Exchange Commission to list the Soros group's year- end holdings.
The group's stake in America Online rose to 1.1 million shares from 563,500. It raised its holdings in Intel to 3.7 million shares from 34,900, and increased its Microsoft stake to 2.2 million shares, from 3,900 as of Sept. 30.
Washington, Feb. 19 (Bloomberg) -- The hedge fund group overseen by billionaire George Soros loaded up on technology stocks such as Intel Corp. and Microsoft Corp. during the fourth quarter of 1998.
Soros Fund Management, adviser to the Quantum funds, had nearly 40 percent of its stock portfolio invested in telecommunications, computer, and online stocks at Dec. 31, 1998, according to a regulatory filing. The comparable figure on Sept. 30 was 22 percent.
<Smart group of people :))> |
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