Aug. 14 (Bloomberg) -- Lansdowne Partners LP, the biggest European hedge fund that invests in stocks, boosted its stakes in Google Inc. and Amazon.com Inc., while cutting its holdings in Coca-Cola Co.
The fund held 918,388 shares of Mountain View, California-based Google as of June 30, valued at $533 million, according to a filing today with the U.S. Securities and Exchange Commission. The fund had held 656,937 shares at the end of the first quarter.
Lansdowne bought 16,462 shares of Amazon.com in the second quarter, boosting its stake to 1 million shares with a value of $229.1 million as of June 30, according to the filing.
The hedge fund reduced its stake in Coca-Cola after selling 2.27 million shares, leaving it with a stake of 4.15 million shares as of June 30, according to the filing.
Lansdowne was founded by Steven Heinz and Paul Ruddock in 1998. The hedge fund sold its stakes in Morgan Stanley, Anadarko Petroleum Corp., and E*Trade Financial Corp.
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