Billionaires Hit The Jackpot By Betting On These 3 Stocks In The Second Quarter

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Netflix, Inc. (NASDAQ:NFLX) is turning out to be a wonder stock, with its shares growing by 57.7% during the second quarter and 92.87% year-to-date. The video streaming service outmatched its own first quarter predictions by adding nearly five million subscribers, with 2.28 million of the additions being U.S. subscribers while 2.6 million were global subscribers. Netflix, Inc. (NASDAQ:NFLX) announced a 7-for-1 stock split involving its shares, which are currently trading at $663.00. The split will be offered in the form of a dividend of six additional shares for every outstanding share. The dividend will be paid on July 14 and the stock will start trading on a post-split price basis starting on July 15. The number of hedge funds in our database holding positions in Netflix jumped to 47 by the end of the first quarter with total holdings amounting to $3.86 billion compared to $3.32 billion in shares held by 44 hedge fund investors on December 31. Philippe Laffont’s Coatue Management was among the largest shareholders of Netflix, Inc. (NASDAQ:NFLX), holding a position valued at $734.69 million through 1.76 million shares. According to our records, seven billionaires had investments in the video streaming service at the end of the first quarter.

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Last but not the least, Mondelez International Inc (NASDAQ:MDLZ) is another stock that offered big returns to its investors in the second quarter, with its shares improving by 14.4%. The food company found a place in the consumer sector stocks of Barclays’ ‘Americas Top Picks List’ announced on June 30, along with other brands like PepsiCo, Inc. (NYSE:PEP). The shares of Mondelez International have grown 11.45% year-to-date and smart money has a bullish outlook on the company. Among the hedge funds that we track at Insider Monkey, 65 held positions in the company, with aggregate holdings of $6.11 billion at the end of the first quarter, a dip in total holdings value from $6.76 billion on December, but an increase in total ownership from the 63 hedge fund investors who held positions at that time. Nelson Peltz’s Trian Partners was the largest shareholder of the company in our database with investments exceeding $1.73 billion from 48.02 million shares of the company. The food manufacturer attracted investments from 14 billionaires by the end of the first quarter.

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