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Lansdowne Buys Google, Amazon While Selling its Stake in IBM

Feb. 14 (Bloomberg) -- Lansdowne Partners LP, the largest European hedge fund that invests in stocks, bought stakes in Google Inc., Inc. and Morgan Stanley and sold shares of International Business Machines Corp. worth $464.5 million.

The hedge fund purchased 760,952 shares of Google in the fourth quarter valued at $491.5 million and 709,250 shares of valued at $122.8 million, according to a filing today with the U.S. Securities and Exchange Commission. The London-based firm bought 3.1 million shares of Morgan Stanley valued at $46.7 million.

Lansdowne, which was founded by Paul Ruddock and Steven Heinz in 1998 and oversees about $14.5 billion, sold its IBM stake amid a 25 percent gain in the stock last year. The Armonk, New York-based firm, the world’s biggest computer-services provider, has surged 127 percent since 2008 as clients increased spending on software.

Lansdowne sold an earlier stake of 3 million shares of Morgan Stanley in the third quarter of last year amid a 50 percent slump for the New York-based bank. Morgan Stanley has climbed 40 percent since Sept. 30.

Managers who oversee more than $100 million in equities must file a Form 13F within 45 days of each quarter’s end to list their U.S.-traded stocks, options and convertible bonds.

To contact the reporter on this story: Jesse Westbrook in London at

To contact the editor responsible for this story: Edward Evans at

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