These movements serve as a guide for beginners and advanced investors, as being able to analyze the movements of financial gurus can serve as an alarm to know what they are seeing and what decisions they make about it.
The family group of George SorosSoros Fund Management made some significant changes to its holdings in the second quarter of this year, according to a 13F filing sent to the U.S. Securities and Exchange Commission.
The news, Soros added Facebook (FB), Apple (AAPL) and Twitter (TWTR) to their portfolio before June 30; at the same time, the billionaire’s office reduced its positions in Amazon.com (AMZN) and Alphabet (GOOGL).
Big rise in BlackRock
One of the most notable changes in the participations of Soros last quarter was a significant increase in the fund’s investment in BlackRock, the world’s largest asset management firm. Soros increased his position by approximately 60%with a total of 12,983 shares at the end of the second quarter. BlackRock manages about $6 trillion in total assets.
Social networks and streaming services
The fact that Soros has bought some of the world’s most popular social media companies is notable, though not especially surprising. Facebook, Apple and Twitter Facebook is a highly prominent stock that routinely appears in the portfolios of major hedge funds in the United States. Soros bought more than 159,000 Facebook shares, valued at around $31 million.
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Notably, Soros also invested heavily in the music streaming industry in the most recent quarter.Soros Fund Management purchased over 728,000 shares of Spotify Technology SA (SPOT), currently valued at over $122 million. At the same time, the office acquired 7.12 million shares of Pandora Media Inc. (P), worth just over $56 million. In total, Soros invested over $178 million in two popular music streaming services.
Another notable purchase last quarter was Coupa Software (COUP). Soros bought 500,000 shares of the company, valued at more than $31 million.
Soros’s main positions
Soros’ top portfolio holdings include Liberty Broadband (LBRDA), with approximately $556 million in stock, VICI Properties (VICI), with approximately $444 million in stock, and NXP Semiconductors (NXPI), with approximately $210 million in stock at the end of the second quarter.
It should be noted that Soros could have changed some or all of the above-mentioned holdings since June 30, since 13F filings are retrospective in nature.
Source: Ambito
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