Yahoo! Inc. (YHOO), eBay Inc (EBAY), Twitter Inc (TWTR): OZ Management Bulks Up Its Bets on Technology

A new stake was re-initiated in Twitter Inc (NYSE:TWTR) consisting of 4.50 million shares valued at $225.55 million, this after the fund closed off its previously-held position in the company during the first quarter last year. The holding represents 0.73% of the fund’s portfolio value. Twitter Inc (NYSE:TWTR)’s stock is up by 3.43% so far this year, as compared to the Internet Content & Information industry’s average gains of 1.29% during the same period. Earlier this year Twitter Inc (NYSE:TWTR) acquired the livestreaming app Periscope as well as the social media talent agency Niche for a total of $86 million. Recently the company announced its plans to issue 1.26 million shares to purchase the e-commerce ad tech platform TellApart. Another prominent stockholder of Twitter Inc (NYSE:TWTR) is Ken Griffin‘s Citadel Investment Group.

The fund also held call options underlying 4.11 million shares of QUALCOMM, Inc. (NASDAQ:QCOM)’s stock, valued at $284.67 million. This represented an increase of 16% in the stake during the quarter. The $115.8 billion company’s stock is down by 4.4% year-to-date. QUALCOMM, Inc. (NASDAQ:QCOM) is planning to stir its buyback program by selling some $10 billion worth of debt. Aside from Och, other money managers betting on QUALCOMM, Inc. (NASDAQ:QCOM) include billionaires Barry Rosenstein and Ken Fisher.

Micron Technology, Inc. (NASDAQ:MU)’s stake was also increased by 35% during the quarter to 13.22 million shares valued at $358.79 million. The holding contributed 1.16% to OZ’s portfolio value. Micron Technology, Inc. (NASDAQ:MU)’s stock has slumped by nearly 25% year-to-date. Samsung’s expansionary efforts in the DRAM/NAND space have hurt the company lately and analysts forecast shrinking margins for Micron Technology, Inc. (NASDAQ:MU) in the future, leading Drexel Hamilton to recently downgrade the company to ‘Hold’. David Einhorn’s Greenlight Capital is a major shareholder of the company and held 33.55 million shares at the end of March.

Disclosure: None