George Soros just updated his stock portfolio
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Along with other investing legends such as the Oracle of Omaha Warren Buffett, and ‘The Big Short’s’ Michael Burry, the Hungarian-American billionaire hedge fund manager George Soros has also unveiled his holdings throughout the first quarter of 2024 in a 13-f filing in May. The portfolio of the famous investor – once known for his bets against the Banks of England and of Thailand and now for the numerous conspiracy theorists that use him as a centerpiece – is significantly larger than those of the other two celebrity traders, at least when it comes to the number of holdings. Indeed, as of the end of Q1 2024, Soros Fund Management Llc boasted 193 holdings with a total value of approximately $6 billion. Options some of the biggest Soros holdings in 2024 Two out of the three largest assets – accounting for a total of 9.5% of the portfolio – are bearish bets coming in the form of put options of iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and Invesco QQQ Trust Series 1 (QQQ). The portfolio also holds substantial put calls – accounting for more than 1% of the total holdings – on Cloudflare (NYSE: NET), SPDR S&P 500 ETF Trust (SPY), SPDR S&P Homebuilders ETF (XHB), and iShares MSCI Japan ETF (EWJ). Still, the portfolio is not bearish in its positioning in its entirety. It also holds a substantial number of major call options – again, those accounting for more than 1% of the total value – and these include iShares 20+ Year Treasury Bond ETF (TLT) and iShares Russell 2000 ETF (IWM). Interestingly, during the quarter, Soros Fund Management also sold all of its 1.5 million IWM shares. Soros’ other major 2024 holdings Along with the derivatives, Soros Fund Management Llc also boasts significant positions, with…
Filed under: News - @ May 27, 2024 5:12 pm