Rokos hedge fund places billions on tech stocks

The firm, led by billionaire Chris Rokos, held 7.67 million shares of the exchange-traded fund at midyear, up from 232,382 at the end of March. — Bloomberg

NEW YORK: Rokos Capital Management bought more than US$2.7bil of shares in the Invesco QQQ Trust in the last quarter, part of a wager on the technology sector.

The firm, led by billionaire Chris Rokos, held 7.67 million shares of the exchange-traded fund (ETF) at midyear, up from 232,382 at the end of March, according to a regulatory filing on Monday.