Soros’ fund sold Tesla shares and bet on Netflix and Walmart
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The investment structure of the American billionaire George Soros — Soros Fund Management — in the first quarter of 2023 got rid of its share in the Tesla company. At the same time, the fund acquired shares of the retailer Walmart, the streaming service Netflix and the Chinese online retailer JD.com. This is evidenced by the data of Form 13 °F submitted to the US Securities and Exchange Commission (SEC).
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Soros’s portfolio
According to the data of the WhileWisdom service, which monitors the operations of the largest US funds, the largest share in Soros’ portfolio belongs to the securities of the pharmaceutical company Horizon Therapeutics (5.54% of the portfolio).
The shares of the iShares iBoxx $ Investment Grade Corporate Bond ETF (4.09%) and Alphabet shares (2.27%) also hold a large share in the portfolio of Soros Fund Management. In total, the fund’s top 10 securities account for 28.3% of the total value of the portfolio. The total value of the fund’s investment portfolio as of March 31, 2023 was $6.49 billion.
Read: US hedge funds: why Griffin was called the king and why Soros got burned
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Source: Ministry of Finance
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