![]() The disposal this quarter was at prices between ~$90 and ~$103. That was followed with a ~75% reduction last quarter at prices between ~$67 and ~$90. There was a one-third selling over the two quarters through Q1 2022 at prices between ~$75 and ~$110. Horton ( DHI): The 0.85% DHI stake was established in Q1 2019 at prices between $35 and $47 and increased by ~70% next quarter at prices between $42 and $47. The stake was sold this quarter at prices between ~$108 and ~$214. Tesla ( TSLA) and Calls: TSLA was a 0.56% of the portfolio position that saw a ~270% stake increase last quarter at prices between ~$109 and ~$265. The position was closed this quarter as COF traded between ~$90 and ~$122. Both transactions closed in March.Ĭapital One Financial ( COF) Puts: The short position through Puts in COF was established last quarter as the underlying traded between ~$88 and ~$116. CVS Health ( CVS) acquired Signify Health in a $30.50 cash deal announced last September. Regal Rexnord ( RRX) acquired Altra Industrial Motion in a $62 cash deal announced last October. Stake Disposals:Īltra Industrial Motion and Signify Health: These two merger-arbitrage stakes were established last quarter. ASO is a 0.68% of the portfolio position purchased at prices between ~$51 and ~$66 and it is now at $55.83. New stakes:Īmerican Water Works ( AWK) and Academy Sports and Outdoors ( ASO): The 0.71% AWK stake was established this quarter at prices between ~$134 and ~$161 and the stock currently trades at ~$145. To learn about Soros' distinct trading style and philosophy, check out his " The Alchemy of Finance " and other works. The top three individual stocks held are Horizon Therapeutics, Alphabet, and First Horizon. ![]() The focus of this article is on the larger equity positions. The investments are diversified with a large number of very small equity positions, a small number of large equity positions, and a few large debt holdings. ![]() Very small stock positions and large debt holdings together account for ~64% of the 13F holdings. The number of positions decreased from 208 to 185. The 13F portfolio value increased ~11% this quarter from $7.26B to $6.49B. Soros Fund Management invests globally and the long positions in the US market reported in the 13F filings represent ~25% of the overall portfolio. Please visit our Tracking Soros Fund Management Holdings article for an idea on his investment philosophy and our previous update for the fund's moves during Q4 2022. It is based on George Soros's regulatory 13F Form filed on. This article is part of a series that provides an ongoing analysis of the changes made to George Soros's 13F stock portfolio on a quarterly basis.
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