ONE OF THE HOTTEST NEW HEDGE FUNDS IS LOADING UP ON FAANG STOCKS

Reuters Dan Sundheim's D1 Capital Partners bulked up positions in three major FAANG stocks during the third quarter.  The hot new hedge fund increased its stake in Amazon to $714 million from around $126 million and its position in Facebook to $528 million from about $423 million.  D1 also boosted its stake in Netflix by more than 1 million shares, but the value of the position increased only from $930 million to $988 million due t...

BusinessInsider (Date:11/14/2019 21:57) Read full article >>

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