Big Family Offices Split on Oracle as Ellison’s Wealth Surged

Investment firms for the world’s ultra-wealthy diverged over their stance on Oracle Corp. during a period when the US software giant’s stock rallied the most in more than three decades and briefly made Chairman Larry Ellison the richest person in the world.

Two family offices for Sweden’s Rausing dynasty and another overseeing part of Microsoft Corp. co-founder Paul Allen’s fortune boosted their stakes in Ellison’s software company in the three months ended Sept. 30, according to 13F regulatory filings.