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As the New Year began, George Soros’s investment vehicle, Soros Fund Management, orchestrated a veritable symphony of buys and sells, showcasing the fund’s confidence in its investment strategy. During the fourth quarter of 2023, the fund made noteworthy additions to its portfolio, including substantial positions in Avantor (NYSE:AVTR), KeyCorp (NYSE:KEY), and Clearwater Analytics Holdings (NYSE:CWAN). According to the latest 13F filing, Soros Fund Management entered into these new positions with 800K, 600K, and 520K shares, respectively.
The fund also bolstered its stakes in several existing holdings, notably increasing positions in Sempra (NYSE:SRE) to 500K from 86K, Jacob Solutions (NYSE:J) to 369.6K from 197.1K, and Las Vegas Sands (NYSE:LVS) to 665.5K from 517K. This move sends a strong signal to the market, reflecting the fund’s positive outlook on these companies.
However, in a surprising turn, Soros Fund Management divested itself of holdings in Trinity Capital (NASDAQ:TRIN), Arm Holdings (NASDAQ:ARM), FMC Corp. (NYSE:FMC), and Core & Main (NYSE:CNM). This move will undoubtedly draw attention and speculation within the investor community.
In addition, the fund took a haircut to some of its other positions. Notably, it reduced stakes in Uber Technologies (NYSE:UBER) to 692.5K from approximately 879K, Amazon (NASDAQ:AMZN) to around 557K from 764.1K, and Cboe Global Markets (BATS:CBOE) to 223.3K from 331.8K, according to the filing.
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