US hedge funds sour on Apple Inc, favor Dollar Tree Inc stores

Tiger Consumer Management cut its stake in luxury retailer Michael Kors Holdings Ltd by 394,269 shares to 1.6 million.

Eton Park Capital Management, a $12 billion hedge fund run by former Goldman Sachs trader Eric Mindich, initiated a new position in Best Buy Co of 1.6 million shares during the fourth quarter. Best Buy was one of the best performing stocks in January, up over 37 percent.

Tiger Global Management, a roughly $6 billion fund run by Chase Coleman and Feroz Dewann, loaded up on Amazon Inc . Tiger Global now owns 1.23 million shares, up from 480,000.

TECHNOLOGY

Tiger Global trimmed its stake in Apple, to 1.05 million shares from 1.3 million, and sold all of its 698,000 shares of Google Inc and its 11.7 million-share stake in Facebook Inc. Tiger slashed its Yahoo Inc position to 14 million shares from 25 million.

JAT Capital, founded and run by John A. Thaler, slashed its stake in Facebook to about 530,000 shares, significantly down from 6.1 million. But JAT opened a new stake in Yahoo of 2.8 million shares. It also re-entered LinkedIn with about 340,000 shares, after dissolving a stake some time in the third quarter.

Tiger Global has been a darling of the investment community for delivering a string of strong returns at a time many hedge funds were up only low single digits. Industry legend Julian Robertson gave the fund its start.

SOLAR

Tiger Global also opened a new 1 million-share stake in First Solar, which was one of

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