Big-name hedge funds pile into Facebook, sell Apple shares
Big-name hedge funds pile into Facebook, sell Apple shares. The smart money is betting Facebook will not suffer lasting effects from its Cambridge Analytica data scandal. Some of the biggest names in hedge funds bought Facebook shares in the March quarter, according to required 13F filings with the Securities and Exchange Commission. "Tiger Cubs" reference hedge-fund firms founded by analysts who used to work for Julian Robertson of Tiger Management. Dan Loeb's Third Point also added 600,000 shares of Facebook.