May 28, 2024

Soros Fund Management sells Twitter and Zoom, loads up on Tesla

George Soros on TeslaGeorge Soros investing in Tesla

In the fourth quarter of last year, George Soros’s family office, Soros Fund Management, made several significant moves in its investment portfolio.

The billionaire investor’s fund purchased 242,399 shares of Tesla (TSLA) and increased its holdings to 332,046 shares.

Additionally, it acquired more than 83 million shares in Peloton Interactive (PTON), increasing its position in the fitness-bike maker to more than 105 million shares.

The Soros family office also made new investments in companies that had experienced a downturn, including Carvana (CVNA) and Lyft (LYFT) in the transportation sector.

Related:   Dubai emerges as top choice for family offices in the Middle East

Meanwhile in the automotive market, the fund acquired 500,000 shares of General Motors (GM).

While these moves may not reflect the current positions of the fund, they provide a valuable insight into the investment strategy of Soros Fund Management.

It is worth noting that the quarterly investment filings of large investors such as Soros are closely watched for investment trends.

During the same period, the Soros family office sold its position in Twitter and Zoom Video Communications (ZM). However, it’s important to note that Soros Fund Management owns put options on Silvergate, call and put options on MicroStrategy, and a Marathon Digital note. A previous version of this report had incorrectly stated that the fund had purchased stock in these companies.

Related:   Endeavor's investment in Twitter signals confidence in its growth potential

By Adam Schilling

Adam Schilling is a finance reporter at Fund23, with a wealth of experience covering the financial industry. With a passion for uncovering insights and trends that impact the world of finance, Adam is a highly respected journalist with a reputation for delivering accurate and thought-provoking content.

Related Post