Hedge Funds Add Microsoft and Netflix in Position Shuffle

HEDGE FUNDS ADDED exposure to technology giants including Microsoft and Netflix in the second quarter, a stretch that saw an initial surge in volatility due to US President Donald Trump's trade policies but ultimately ended with major benchmarks posting significant gains.

- YIQIN SHEN

Hedge fund holdings of Microsoft grew by $12 billion to $47 billion in the three months ending June 30, according to Bloomberg analysis of data from 13F filings, a result of both net buying and the company's surging stock price. Shares in the software giant edged higher, rising 0.4% in premarket trading on Friday.