Soros's latest holdings exposed.
The 13F report released today by Soros's asset management agency shows that its investment portfolio is worth $6.02 billion, a decrease from the previous quarter's $7.65 billion.
Clearing positions with New York Community Bank, new entrants such as Goldman Sachs and JPMorgan Chase
In the first quarter, the institution newly entered companies such as CEREVEL THERMEUTICS, Westrock, Pacific Gas and Power, SUNRUN, AstraZeneca, AXONICS, GFL ENVIROMENTAL, American International Group, Goldman Sachs Group, Baimalin Pharmaceuticals, General Motors, Danaher, Freeport McMoran, Edwards Life Sciences, KOSMOS Energy, JPMorgan Chase, Pacific Biosciences, etc; We have increased our holdings in Google, Amazon, BOOKING, LUmentUM, RAPID7, DOORDASH, Horton House, Nike, FASTLY, and Tech Resources.
In the first quarter, Soros reduced its holdings in Novo Nordisk ОКТА、 Companies such as Amazon, Alibaba, Uber, Yingtu Securities, BLOCK, Merck, Neuroendocrine Biosciences, Intuitive Surgery, Regenerative Pharmaceuticals, Norfolk Southern, Chicago Stock Exchange Group (CME), DeKang Medical, TSMC, BP, etc.
In the first quarter, Soros cleared its positions in stocks such as SNOWFLAKE, Accenture, Caijie, SEA, Norwegian Cruise Holdings, Monster Beverages, Cigna Insurance (CIGNA), Apple, Chesapeake Gas, First Solar, New York Community Bank, Sands Group, Econ, Wonderful Healthcare Systems, Eli Lilly, Lafite, and Pinduoduo.
The stock of New York Community Bank has fallen 64% so far this year due to an unexpected loss in the fourth quarter of 2023 and dividend cuts in January, resulting in billions of dollars in market value evaporation. Fitch Ratings further downgraded the long-term issuer default rating of New York Community Bank to junk level the previous week, but also pointed out that the bank's downside risk has stabilized.
Among the top ten heavily held stocks, Google gained an increase in holdings while reducing holdings in Amazon and Alibaba
Excluding derivatives and index funds, Soros increased its holdings of 271500 shares in Google in the first quarter, an increase of 22.27%, and a holding amount of $224.98 million.
Yesterday, Google CEO Sandal Pichai announced at the Google I/O 2024 conference in Mountain View, California that Google has fully entered the "Gemini era".
Google has announced a series of new uses for the Gemini 1.5 Pro, and Pichai emphasized that Gemini's AI agents exhibit reasoning, planning, and memory abilities, enabling early thinking of multiple steps and communicating with users through multimodal abilities. Liz Reid, the head of Google Search, mentioned that through generative AI, the search function will be able to achieve unprecedented functionality. Google's advertising revenue has grown at a compound annual growth rate of 12% since 2019, while its cloud revenue division has grown at a growth rate of 40% during the same period. Despite market concerns that ad free GPT alternatives may lead to a decline in revenue for Google, which relies on advertising revenue, the company's recent execution has been recognized. Analysts believe that although Google lags behind OpenAI in terms of innovation pace, its extensive product network, devices, applications, solutions, user groups, and user data are still its advantages.
The second largest holding company, Cloudflare, was increased by 277100 shares, with a shareholding increase of 19.67% and a holding amount of $163.19 million. Analysts believe that Cloudflare is a disruptive player in the network security and edge computing markets, and emerging use cases (such as AI reasoning) have brought significant growth opportunities. Cloudflare's Workers AI allows users to run machine learning models on the Cloudflare network, which is seen as a promising growth opportunity.
Novo Nordisk has reduced its holdings by 757200 shares, a decrease of 48.7%, and a holding amount of 10.41 million US dollars.
OKTA has reduced its holdings by 262300 shares, a decrease of 24.1%, and a holding amount of $86.45 million.
Newly acquired 1.9402 million shares of CEREVEL THERMEUTICS, with a specific shareholding amount of 82.01 million US dollars.
The number and proportion of shares held in Liberty Broadband have not changed, with a holding amount of $79.54 million.
We reduced our holdings of 161400 shares in Amazon, resulting in a decrease of 28.99% in shareholding and a holding amount of 71.34 million US dollars.
We increased our holdings of 1.5407 million shares of Emma, with a shareholding ratio of 297.31% and a holding amount of 66.96 million US dollars.
We increased our holdings by 2160 BOOKING shares, with a 13.71% increase in shareholding ratio and a holding amount of $64.98 million.
Alibaba has reduced its holdings by 3.9824 million shares, a decrease of 39.89%, with a total holding amount of 54.27 million US dollars.