George Soros’ Stock Picks Got Whupped By His Son’s In Q3

Jonathan Soros raised his fund’s position in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, by 12% to 19,500 shares. The stock returned 17% during the third quarter but has disappointed in the fourth-quarter, as earnings failed to impress investors. Amazon is gearing up for a launch in Singapore early next year, including the launch of its patented Prime free delivery service.

Heading into the third quarter of 2016, a total of 145 of the hedge funds tracked by Insider Monkey held long positions in Amazon, up by 9% from the previous quarter. More specifically, Viking Global was the largest shareholder of Amazon.com, Inc. (NASDAQ:AMZN), with a stake worth $2.35 billion as of the end of June. Trailing Viking Global was Fisher Asset Management, which amassed a stake valued at $1.50 billion. Lansdowne Partners, Eagle Capital Management, and Lone Pine Capital also held massive positions in the company, which ranked as the third-most popular overall among the hedge funds that we track.

Lastly is Alphabet Inc (NASDAQ:GOOG), which was the most popular stock among the group of successful investors in our database, as 187 of them were long either the company’s Class A or Class C shares. The stock returned 12.3% during the third quarter, but is up by just 3% this year. The Verge reported last week that Alphabet’s YouTube has pulled in just 1.5 million subscribers for its YouTube Red premium service as of  late-summer.

Eagle Capital Management was the largest shareholder of Alphabet Inc (NASDAQ:GOOG), with a stake worth $1.28 billion at the end of June. Trailing Eagle Capital Management was Southeastern Asset Management, which amassed a stake valued at $669.8 million. Egerton Capital Limited, Lone Pine Capital, and Viking Global also held valuable positions in the company.

Disclosure: None