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(Bloomberg) – SoftBank Group Corp. has invested approximately $ 3.9 billion in 25 of the world’s largest tech companies, including Amazon.com Inc., Tesla Inc., Netflix Inc., and Alphabet Inc.
The Japanese conglomerate held $ 1.04 billion in Amazon stock, its largest investment, a $ 475 million stake in Alphabet, $ 248.6 million in Adobe Inc. and $ 189 million in Netflix, a the Tokyo-based company said in a dated filing with the United States Securities and Exchange Commission. On August 17, his stake in Tesla was worth $ 122.9 million as of June 30, he said.
SoftBank founder Masayoshi Son is expanding the company’s investment activities from private startups to publicly traded stocks at a time when the biggest tech stocks are nearing records. He unveiled a new leg of asset management in an earnings call last week, saying it was part of a larger bet on transformative technologies. The Japanese company is targeting investments of more than $ 10 billion in public stocks, according to people familiar with the initiative.
Read more: SoftBank to target more than $ 10 billion in public investment
The filing also shows a stake of $ 183 million in Microsoft Corp., $ 111.5 million in PayPal Holdings Inc. and $ 108.8 million in Zoom Video Communications Inc. Several Chinese names were also on the list, including streaming giants Bilibili Inc. and iQiyi Inc. as well as Singapore’s Sea Ltd., one of the most successful companies in the world for the past 18 months. Although Son said SoftBank had invested in Facebook Inc. and Apple Inc., the companies were not among the latest disclosures of listed holdings in the United States.
SoftBank has notched a few wins in public stocks in recent years. It benefited from investments in Charter Communications Inc. in early 2018 and in the American chip designer Nvidia Corp. The latest filing showed that SoftBank took a position in Nvidia worth $ 180.9 million.
The asset management team is led by Akshay Naheta, a senior vice president in Abu Dhabi, the people said. The group has quietly racked up multibillion-dollar holdings in U.S. high-tech companies over the past few months, people said.
“As an investment company, we have to explore different angles and fields of action. But we still focus on the companies that are driving the information revolution, ”Son said during SoftBank’s latest earnings presentation. “This is the goal of our company.”
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