Hedge Funds 'Friend' Facebook
NEW YORK (TheStreet) -- Billionaire investor George Soros' investment firm is among hedge funds that bought shares of Facebook (FB) since the company's May initial public offering, according to regulatory documents filed with the Securities and Exchange Commission.
Soros Fund Management held 341,000 shares of the Menlo Park, Calif.-based social-networking firm at the end of June.
Other notable holders include Tiger Global Management, which had 1,958,448 shares, and Tiger Consumer Management, which held 1,577,655 shares. John Thaler's JAT Capital Management owned 1,565,000 shares. And Steve Cohen's SAC Capital Advisors held 151,450 shares.
Facebook's stock has slumped 46% since its botched IPO in May.
--Written by James Rogers in New York. Follow @jamesjrogers >To submit a news tip, send an email to: tips@thestreet.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devicesSelect the service that is right for you!
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