The George Soros Fund Shares 13F Analysis

On November 14, Soros Fund Management LLC filed 13F. Billionaire investor George Soros founded it 49 years ago. The famous hedge fund manager has a net worth of around $8.3 billion as of November 17, according to ForbesSoros Fund’s total market value was around $3.6 billion at the end of the third quarter of 2019. A year ago, this figure was $4.5 billion. At the end of Q2 2019, the Soros Fund’s portfolio of publicly traded securities was worth around $3.6 billion.

The George Soros Fund Shares 13F Analysis

Top buys and sells of George Soros

Interestingly, Soros Fund Management’s top buy in the third quarter of 2019 was the Energy Select Sector SPDR ETF (XLE). It bought a fresh stake in XLE put options that made up 1.6% of the portfolio’s total market value. Also, XLE tracks the US energy sector. XLE rose by 4.8% in 2019 so far. Among all sector-specific SPDR ETF, such as the Financial Select Sector SPDR ETF, the Technology Select Sector SPDR ETF (XLK) and others, XLE had the smallest rise. Subdued energy commodities’ prices are behind the weakness in the energy sector. To learn more, read Is Chesapeake Energy Destined to Fall More?

Moreover, in Q3 2019, other top buys of Soros Fund Management were Celgene Corporation (CELG), Tesla’s PRN (Perpetual notes), Microchip Technology PRN (MCHP), and Peloton Interactive (PTON). Also, the firm bought a fresh stake in Peloton and Microchip Technology PRN. These two securities made up about 1% and 1.14%, respectively, of Soros’ portfolio of publicly traded securities. Also, the firm raised its stake in CELG and Tesla (TSLA) PRN by around 1.5% and 1.2%, respectively, in Q3.

Soros Fund’s top sells in the third quarter were the SPDR S&P 500 ETF put options (SPY), the Invesco QQQ Trust (QQQ), Altaba Inc. (AABA), Red Hat Inc. (RHT), and Caesars Entertainment Corp. (CZR). It reduced the exposure in these securities by 7.7%, 5.1%, 2.7%, 2.3%, and 1.12%, respectively. Notably, in Q2 2019, it raised the stake in SPY put options. To know about Soros Fund holdings in that quarter, read Soros Fund Management’s Major Picks amid Trade War.

Top holdings

In Q3 2019, the top holdings of Soros Fund Management were Liberty Broadband Corp. (LBRDK), VICI Properties (VICI), CZR, CELG, and TSLA PRN. Also, these securities made up about 20.4%, 11.6%, 4.1%, 3.2%, and 2.7%, respectively, of Soros Fund’s portfolio of publicly traded securities. Also, it included LBRDK in Q2 2016. Since Q3 2018, LBRDK has been Soros Fund’s top holdings.

Plus, in Q2 2019, the SPY put options were Soros Fund’s third-largest holdings. As discussed earlier, it reduced exposure in SPY put options considerably. Generally, SPY put options could reduce the downside risk in the portfolio. The US-China trade war has impacted investors’ sentiments in the first two quarters of this year.

Also, in September month, the US-China trade talks resumed. In addition, the two nations are very close to signing phase one of the trade deal. On November 15, the S&P 500 Index closed at an all-time high. The optimism surrounding the US-China trade deal could be driving the equity market.

George Soros’s recent political comments

On October 25, George Soros said Elizabeth Warren was the “most qualified to be president.” To know more, please read George Soros: Warren Is Most Qualified Candidate. Plus, Soros Fund helped Hillary Clinton’s presidential election campaign in 2016.