Soros Fund Management executed notable adjustments to its investment portfolio in the fourth quarter, according to the latest 13F filing. The fund's strategy focused on increasing exposure to major technology firms while engaging in profit-taking and strategic repositioning within the energy and cryptocurrency sectors.
In the technology sector, the fund significantly expanded its holdings in core tech giants. Specific additions included purchasing 161,000 shares of Microsoft (MSFT.US), acquiring 118,000 shares of NVIDIA (NVDA.US), and adding approximately 66,000 shares of Apple.
Beyond hardware leaders, the fund also increased positions in software and mobility companies. It added roughly 216,000 shares of Atlassian (TEAM.US), approximately 55,000 shares of Salesforce (CRM.US), and about 119,000 shares of Uber (UBER.US).
Demonstrating a blend of defensive and growth strategies, Soros Fund Management bolstered its position in utilities and gaming. It purchased around 488,000 shares of utility company Exelon (EXC.US) and added approximately 318,000 shares of video game publisher Electronic Arts (EA.US).
On the reduction side, the fund took profits or cut losses on several stocks that had seen substantial prior gains. It significantly reduced its position in Snowflake (SNOW.US) by approximately 168,000 shares. The fund also decreased its holding in Circle Internet Corp. (CRCL.US) by about 151,000 Class A shares and sold roughly 813,000 shares of Interactive Brokers (IBKR.US), indicating a cautious stance on the financial brokerage sector.
The fund's portfolio rotation was evident through new initiations and complete exits. New positions were established this quarter, including purchases of gold-related assets like New Gold (NGD.US), as well as new stakes in DigitalBridge Group, Inc. (DBRG.US), Blue Owl Capital Inc. (OWL.US), Exact Sciences (EXAS.US), and Xcel Energy (XEL.US).
Conversely, the fund fully exited its positions in KeyCorp (KEY.US), CareTrust REIT (CTRE.US), Cipher Mining (CIFR.US), and KKR & Co. (KKR.US). This suggests a strategic move away from traditional banking and certain cryptocurrency mining concepts toward more stable or defensive areas.
Overall, Soros Fund Management's fourth-quarter activity displayed a clear strategy: embracing core AI and technology assets like Microsoft and NVIDIA, reducing exposure to high-volatility cloud and data companies such as Snowflake, and hedging against macroeconomic uncertainty by initiating positions in gold stocks. This selective rebalancing approach reflects a pursuit of certainty and safety margins by a top-tier hedge fund amid global economic uncertainties.
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