The latest 13-F filings released on Monday (16 May) reveal that hedge funds Tiger Global Management, Winslow Capital Management, and Scopus Asset Management all sold their shares in Netflix prior to the company reporting its first drop in subscriber numbers in more than ten years, according to a report by Bloomberg.
Hedge fund Light Street meanwhile, sold 7,960 shares in Netflix as well as all of its 149,025 shares in Facebook-parent Meta Platforms Inc FB.O, and also almost halved its stake in Google-parent Alphabet Inc GOOGL.O while cutting its exposure to Amazon.com Inc by 10% in Q1.
Meta was also ditched by Hitchwood Capital Management (390,000 shares) and Melvin Capital (850,000 shares), while D1 Capital reduced its stake in Amazon by 22%, to 198,433 shares.
