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May 15 (Reuters) - Some of the biggest, highest-profile U.S. hedge fund investors fell back in love with FAANGs in the first quarter, according to regulatory filings released on Wednesday.
After dumping shares of Facebook Inc, Apple Inc , Amazon.com Inc, Netflix Inc and Alphabet Inc - the FAANG components - prominent hedge fund managers including Tiger Global Management LLC have moved back into the popular group.
Tiger, managed by Chase Coleman, boosted its Facebook stake by 64.5% to 8.8 million class A shares during the first quarter, according to a filing with the Securities and Exchange Commission. It increased its stake in streaming company Netflix by 42.8% to 2.1 million shares.
T. Rowe Price also added Facebook exposure during the first quarter, with an additional 17.85 million shares.
Netflix shares closed up 2.7 percent and Facebook gained 3.1 percent on Wednesday.
Quarterly disclosures of hedge fund managers' stock holdings in 13F filings with the SEC are one of a few public ways of tracking what the managers are buying and selling. But the disclosures are made 45 days after the end of each quarter and may not reflect current positions. (Reporting by Jennifer Ablan Editing by Leslie Adler)