(Reuters) U.S. hedge fund managers were active in the FAANG group of high-flying tech stocks in the second quarter, with Third Point increasing its stake in two of the companies and Omega Advisors trimming stakes in three, regulatory filings showed. The group comprises Facebook, Amazon, Apple, Netflix and Google parent Alphabet Inc , each of which have roughly followed broader U.S. indexes including the benchmark S&P 500, Dow Jones industrial average, and the tech-heavy Nasdaq Composite to record highs in recent months.
U.S. Hedge Funds Circle High-Flying Tech Stocks in Q2 -SEC filings
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