Hedge funds trimmed bets on Alphabet, Amazon, Facebook, Netflix in Q4

NEW YORK (By Sam Forgione Reuters) – Top U.S. hedge funds trimmed bets on a group of closely-watched technology stocks in the fourth quarter in an apparent effort to cut their losses following Donald Trump’s U.S. presidential election victory, regulatory filings showed.
An analysis of nine hedge funds, including Leon Cooperman’s Omega Advisors and Daniel Loeb’s Third Point, showed 10 decreased stakes in the so-called “FANG” stocks which include Facebook, Amazo