George Soros is widely known as one of the world’s top financial backers and is a renowned mutual funds executive.
Soros was the manager of the Quantum Fund, which had an average annual return of 30% between 1970 and 2000. Currently, Soros Fund Management LLC is driven by him.
Soros, born in Hungary, is also well-known for his extensive humanitarian endeavors. Through the Open Society Foundations, he has contributed billions of dollars to numerous causes that have benefited many people.
He has supported liberal and reformist ideas for a considerable time, inspiring many conspiracy theories from the right. Soros is believed to be worth over $8 billion and has donated over $30 billion to charitable organizations as of 2022.
Most of these funds were allocated to education and healthcare programs and to promoting democracy and freedom.
Recently, he has contributed liberally to the Democratic Party in the United States. In this essay, we will elaborate on the firms George Soros owns. Put on your seatbelts!
In the third quarter, Soros Fund acquired 70,000 shares of NXP Semiconductors NV (NASDAQ: NXPI), placing the chipmaker at the top of the rankings.
NXP was one of the most popular stocks among hedge funds in 2017 and 2018, but within the small group of top-performing funds monitored by Insider Monkey, it has lost nearly 30% of its owners.
In September, the technology sector reported a 5.8% increase in worldwide revenues year-over-year. Global chip sales grew by the same amount as smartphone supply increased following supply delays caused by the pandemic earlier in the year.
Sales in the Americas were extremely strong, rising by little more than 20% annually. The 13% increase in NXPI’s share price over the past two weeks can be attributed to the company’s outstanding third-quarter earnings, bolstered by a resurgence in sales to the automotive industry.
Soros Fund Management acquired 400,000 shares of National General Holdings Corp (NASDAQ: NGHC) in the second quarter, valuing the position at $13.5 million at the end of the quarter.
NGHC was one of the 76 Best Healthcare Dividend Stocks To Invest In as of June 30, held by 17 of the common assets tracked by Insider Monkey.
Given its new position as a union trade organization, it has been a popular investment among Q3 filers, as John Orrico’s Water Island Capital and Robert Emil Zoellner’s Alpine Associates substantially increased their stakes in NGHC during the quarter.
The Allstate Corporation (NYSE: ALL) will acquire NGHC for $4 billion in cash, or $34.50 per share, announced at the beginning of July.
An interesting twist to the transaction is that the special dividend payable to NGHC stockholders could be reduced by $1.00 if the business fails to meet its 2020 earnings growth targets.
Since the acquisition was disclosed, the stock has been trading at $34.10, indicating that investors are not concerned.
The Walt Disney Company, one of the 30 Most Common Stocks Among Hedge Funds in Q2, appears to be on track to repeat the feat in Q3 after Soros and a few other diverse investments, followed by Insider Monkey, purchased shares in the media and entertainment giant.
On September 30, Soros Fund acquired 150,000 DIS shares valued at $18,61 million.
Soros’ buy occurred after Disney’s shares dropped 4.34 percent in 2020 due to the outbreak, a significant decline for the firm.
Pfizer Inc. (NYSE: PFE) shares have recently climbed by more than 11% after the company disclosed the positive results of its Covid-19 vaccine.
The Soros Fund acquired 91,000 shares of paint, coatings, and supplies supplier PPG Industries Inc (NYSE: PPG) in the previous quarter, bringing its total ownership to $11.1 million as of September 30.
During the third quarter, Laurion Asset Management of Benjamin Smith and Brant Point Investment Management of Ira Unschuld studied PPG.
PPG shares have gained about 70% since the end of the first quarter, resulting in a profit of more than $50 million for First Eagle based on the size of its holdings at the end of the first quarter.
Soros Fund Management acquired 145,058 shares of Varian Medical Systems, Inc. (NYSE: VAR) during the third quarter, valuing the holding at $24.5 million as of the end of September and entering the second half of our list.
At the end of the second quarter, David Blood and Al Gore’s Generation Investment Management held the largest stake in Varian among the Insider Monkey reserves, valued at well over $400 million.
As a result of Siemens Healthineers’ announcement in August that it would buy Varian for $16.4 billion in cash, Varian’s stock price increased by more than 21%, paving the way for a large payout.
Midway through September, Unity Software Inc. (NYSE: U) went public. Soros Fund was keen to add the gaming software company to its 13F portfolio, purchasing 300,000 shares valued at $26.18 million after the third quarter.
Unity Software’s stock price increased by about 67% in its first two months as a publicly traded company, increasing its market capitalization to over $31 billion.
It is one of the two most well-known structures for creating P.C. games, with Epic’s Unreal Engine being the other. Although Unreal Engine is more well-known, Unity is used in more games.
90 percent of games on Microsoft’s augmented reality (A.R.) headset, the engine handles HoloLens. Although augmented reality has yet to acquire popularity, it and Unity are responsible for one of the most popular games of all time: Pokemon Go.
Unity’s software platform is gradually being adopted by various industries, including design, film and entertainment, car and advertising, and gaming.
Microchip Technology, Inc. (NASDAQ: MCHP) is the third and final chipmaker on George Soros’ list of the finest stocks purchased in the third quarter.
Throughout the quarter, the tycoon’s family office acquired 267,956 MCHP shares, valued at $27.54 million as of September. In the second half of 2019, hedge funds flocked to MCHP, only to abandon the stock when the outbreak occurred.
Microchip Technology was one of Amana Funds’ top-performing firms in 2019, per its investor letter for the fourth quarter of 2019.
Future growth in the semiconductor industry was also anticipated to be robust, although it was uncertain whether the upturn would begin in 2020 or 2022. The stock price of MCHP has fully recovered from the pandemic decline, increasing 17% this year.
Maxim Integrated Products Inc. (NASDAQ: MXIM), the next chipmaker on Soros’ list, balances the essential piece of our assessment of George Soros’ top investment recommendation.
Soros Fund acquired 294,369 shares of MAXIM during the third quarter, valuing its holdings at $19.90 million as of September 30. Maxim was ranked among the top ten U.S. corporations with the greatest revenue exposure to China, with 35.7% of their revenues originating in China.
This did not prevent Analog Devices, Inc. (NASDAQ: ADI) from agreeing to acquire the company in July via an all-stock deal completed the following summer.
Profit per share at Saying has increased over the past three years, and ADI is an organization on the rise.
Immunomedics, Inc. (NASDAQ: IMMU) is another merger play that Soros Fund grabbed at the chance to invest in during the second quarter of last year, purchasing 384,096 shares. On September 30, this holding was worth $32.66 million, making it the 25th most valuable 13F investment for the family office.
Gilead Sciences Inc (NASDAQ: GILD) announced that it would acquire Immunomedics for $21 billion in real money, significantly raising the value of the stock exchange before the announcement.
This is a significant achievement for IMMU’s financial backers, such as Kurt Von Emster’s VenBio Select Advisor, which had greater than 18% acceptance of the stock as of June 30. According to Tao Value’s Q3 investor letter, the acquisition will significantly increase Gilead’s net income by 2023.
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Alphabet Inc. is an American multinational conglomerate based in Mountain View, California, founded in 2015. It is the parent corporation of Google and a variety of other businesses.
The Alphabet was formed due to Google’s organizational restructuring, and it currently serves as the holding company for Google’s different subsidiaries.
Alphabet’s companies are grouped under several “Other Bets,” which include life sciences, healthcare, venture capital, research and development, and technology development.
Google, YouTube, Verily Life Sciences (previously referred to as Google Life Sciences), Calico, GV CapitalG X, and Nest Labs are some of Alphabet’s most successful enterprises. In addition, Alphabet owns several other businesses, including the drone firm Terra Bella, the home automation company Nest Labs, and the fiber optic activities which require Fiber.
Google’s success is mostly responsible for Alphabet’s prosperity. Google is the largest search engine in the world and one of the most visited websites.
YouTube, a subsidiary of Google, is the biggest video site in the world. These two companies contribute significantly to Alphabet’s revenue.
As of 2019, the corporation has a market capitalization of over $700 billion and is one of the world’s most valuable companies. Alphabet Inc. is among the most prominent companies in terms of its effect on society and technology. Brand Finance has identified it as the second most influential brand in the world.
Activision Blizzard, Inc. is an American video game developer and publisher in Santa Monica, California. The firm was created in 2008 when Activision, Inc. and Vivendi Games merged.
Activision Blizzard is one of the world’s largest video game creators and publishers. Call of Duty, World of Warcraft, Skylanders, Candy Crush, Overwatch, and Diablo are among its most successful video game franchises.
Additionally, the corporation owns several prominent esports leagues, including the Overwatch League and the Call of Duty World League. In complement to its publishing industry, Activision Blizzard also has Activision Blizzard Studios, a production and television branch.
As of 2019, Activision Blizzard is one of the most lucrative firms in the video game industry, with a market valuation of over $50 billion.
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Palantir Technologies (NYSE: PLTR), another IPO that debuted on September 30, precisely at the end of the third quarter, tops the list of newly acquired stocks by George Soros. Since then, the stock has gained 66 percent in six weeks, a rate close to Unity Software.
This was excellent news for the Soros Fund, which opened a large position of 18.45 million PLTR shares worth around $175 million on September 30.
Soros Fund has earned $115 million from the stock in barely a month and a half, and its stake in the stock has not shifted.
T-Mobile U.S., Inc. is a wireless communication operator in the United States headquartered in Bellevue, Washington. In 2002, the company’s name was changed from VoiceStream Wireless PCS to T-Mobile USA, Inc.
T-Mobile is the third largest wireless provider in the United States, with over 86 million subscribers. Over its LTE network, the corporation offers phone, text, and data services. In addition to its mobile service operations, T-subsidiary Mobile’s MetroPCS offers residential broadband and television services.
GM is an American global corporation with its headquarters in Detroit, Michigan. William C. Durant created the corporation in 1908, with operations in over 125 countries.
G.M.’s automotive operations encompass car design, manufacturing, and sales. By way of its subsidiary, General Motors Financial Company, the company also offers financing, lease, and insurance services. In contrast to its core automobile sector, G.M. also operates G.M. Ventures, a venture capital division.
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The American e-commerce company Wayfair Inc. focuses on selling home items. Niraj Shah and Steve Conine created the company in 2002 and established its headquarters in Boston, Massachusetts.
Wayfair has two divisions, namely Wayfair and Joss & Main. Wayfair provides an extensive selection of home goods and décor, while Joss & Main concentrates on more economical things.
The organization offers more than 10 million products from more than 11,000 suppliers. Wayfair runs many brick-and-mortar stores in the United States in addition to its internet.
The jobs available in George Soros’s companies are countless because he owns many companies, and it’s increasing daily. So, the options and opportunities for jobs are infinite.
1. What are George Soros’s investments?
The investment business of George Soros increased its holdings in Amazon, Salesforce, and Alphabet, among other significant technological companies.
2. Does George Soros own Bitcoin?
The value of Bitcoin, the most famous cryptocurrency, increased on Wednesday. Soros Fund Management, the asset management firm of George Soros, holds bitcoin.
3. What is the Net worth of George Soros?
Soros is estimated to be wealthy at over $8 billion and has donated over $30 billion to charity causes. Most of these funds have been used to fund education and health projects, human rights initiatives, and the advancement of democracy. In recent years, he has liberally donated to the Democratic Party in the United States.
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