The $25 billion Soros Fund Management LLC had 341,000 Facebook shares worth $10.6 million at the end of the period, a regulatory filing shows. SAC’s 151,450 shares in Menlo Park, California-based Facebook were valued at $4.71 million, while Moore’s 15,000 shares were worth $466,000, according to filings.
Facebook raised $16 billion on May 17 in the largest-ever technology IPO. Investors have been shunning the stock since then on concern over the company’s ability to make money from mobile users and amid speculation that insiders will sell shares when restrictions on the sales are lifted this week. The stock has fallen 46 percent from its $38 offering price.
Balyasny Asset Management LLC held put options on 650,000 Facebook shares at the end of the period, filings show. Put options give the bearer the right to sell a stock at a prearranged price at some future date.
Jonathan Gasthalter, a spokesman for Stamford, Connecticut- based SAC Capital, and Patrick Clifford, a spokesman for Moore, declined to comment. Michael Vachon, a spokesman for Soros, and Barry Colvin, a vice chairman at Balyasny, didn’t immediately respond to requests for comment.
Money managers who oversee more than $100 million in U.S. equities must file a Form 13F within 45 days of the end of each quarter to list their holdings in stocks that trade on U.S. exchanges, as well as options and convertible debt.
Tiger Global Management LLC, which was an investor in the social network before its IPO, owned 1.96 million Facebook shares valued at $60.9 million at the end of June, filings show. GLG Partners LP held 695,360 shares worth $21.6 million.