New York (HedgeCo.net) – The latest 13F filings showed that hedge fund managers opened new positions or added to positions on Netflix (Nasdaq: NFLX) and PayPal (Nasdaq: PYPL) during the third quarter.

For Netflix, Soros Fund Management and Viking Global Investors opened new positions on the company while Tiger Global Management added to an existing position during the quarter. Viking bought 4.5 million shares during the quarter and Tiger Global bought 15.43 million shares, upping their total to 18 million shares. Soros held 317,534 shares at the end of September.

Soros also purchased shares of PayPal during the quarter and the company also attracted an investment from Baupost Group LLC. Soros purchased 4.43 million shares while Baupost bought 10.9 million shares. Both of those investments were new positions for the funds.

The 13F filings are required by the SEC, but they are essentially a snapshot of the fund’s holdings at the end of the quarter and the reports do not include short positions.

Rick Pendergraft
Research Analyst
HedgeCoVest