Soros Places Big Bet On Snap, Dumps Amazon Stake

By Wallace Witkowski Markets MarketWatch Pulse

George Soros's hedge fund Soros Fund Management placed a big bet on Snap Inc. over the past quarter while dumping its position in Amazon.com Inc. , according to a Securities and Exchange Commission filing late Monday. Soros reported a nearly 1.7-million share stake in Snap. Meanwhile, Soros dumped his positions in Amazon, Abbott Labs , Delta Air Lines Inc. and eBay Inc. . Soros also took a new stake in ConocoPhillips and FireEye Inc. , while adding to positions in Facebook Inc. , Hewlett Packard Enterprise Co. and Mondelez International Inc. .

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