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Masayoshi Son’s Softbank Group (OTCPK:SFTBY) has slashed its exposure to stocks. In its latest 13F, it reported September end total portfolio value of $12.92B, sharply down from $17.52B at the end of the June quarter.
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A recent WSJ article reported that in recent months Mr. Son made a “surprise move to become essentially a day-trader, personally directing a team of traders using some of the cash pile to bet on daily moves in tech stocks.”
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Softbank has reduced its holding to just 4 companies from 26 companies at the end of Q2.
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Notable exits include Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Adobe (NASDAQ:ADBE), Netflix (NASDAQ:NFLX), Microsoft (NASDAQ:MSFT) and Tesla (NASDAQ:TSLA).
www.cnbc.com/2019/11/06/softbank-group-plunges-to-6point5-billion-quarterly-loss.html