SoftBank unit behind dangerous multi-billion greenback tech betting sells Microsoft, Fb, Alphabet and Netflix shares

Masayoshi Son speaks during a joint announcement with Toyota Motor that it will launch a new project to develop mobility services in Tokyo in October 2018.

Alessandro Di Ciommo | NurPhoto | Getty Images

SoftBank has dumped stocks in US tech giants like Facebook, Microsoft, Alphabet and Netflix, according to its latest financial report released Tuesday.

The Tokyo-based conglomerate invests in publicly traded stocks through its SB Northstar trading unit and provides a breakdown of the unit’s portfolio companies in its quarterly results.

Facebook, Microsoft, Alphabet, and Netflix were added to SB Northstar’s portfolio in late March but were absent from the list in the late April-June quarter, suggesting a reduction or complete exit in holdings.

As of March, SoftBank owned $ 3.1 billion in Facebook shares, $ 1 billion in Microsoft shares, $ 575 million in Alphabet shares, and $ 382 million in Netflix shares. But all four were not listed in his June report.

According to the records, SoftBank reduced its stake in Amazon from $ 6.2 billion to $ 5.6 billion.

In total, SB Northstar held shares in companies valued at $ 13.6 billion at the end of June, up from $ 19 billion at the end of March.

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A SoftBank spokesman pointed out the filings to CNBC when asked about outsourcing tech stocks, but declined to comment.

Last September, the Financial Times reported that SoftBank was the mysterious “Nasdaq whale” buying billions of dollars in call options – betting on rising stocks.

The report cited a source who said SoftBank had bought options from big tech companies like Tesla, Amazon, Microsoft and Netflix, potentially driving up valuations in the sector. SoftBank declined to comment on the report at the time.

SoftBank’s total net income for the fiscal first quarter fell 39% year-over-year to 762 billion Japanese yen ($ 6.9 billion) as Chinese regulators cracked down on Alibaba, its biggest bet, and other companies in the portfolio like Didi.

SoftBank Vision Fund, a specialty technology mutual fund, was a publicly traded company in its portfolio, with a profit of $ 2.1 billion.

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