Soros Buying Google Leads Money Managers Adding Tech Stocks
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Billionaire George Soros’ firm added shares in Google Inc. and Comverse Technology Inc. in the fourth quarter, leading purchases of technology stocks by asset managers in the quarter.
Soros Fund Management LLC bought 258,774 shares of Mountain View, California-based Google, the largest maker of smartphone software, bringing the total position to 259,900 shares valued at $167.9 million as of Dec. 31, according to a filing yesterday with the U.S. Securities and Exchange Commission. Soros increased holdings of information technology stocks by 12 percent in the quarter.