Billionaire investor George Soros has made notable changes to his investment portfolio, as per a recent filing with the Securities and Exchange Commission. Soros Fund Management has disclosed significant moves in the tech industry, including an increase in holdings of AI chip makers and a reduction in stakes of certain large cloud software companies.
New Positions in AI Chip Makers
Soros Fund Management has reported a fresh position of 250,000 shares in Advanced Micro Devices Inc. (AMD) and purchased 10,000 shares in Nvidia Corp. (NVDA). Additionally, Soros acquired 10,000 shares of Microsoft Corp. (MSFT), a company heavily involved in OpenAI's ChatGPT generative artificial intelligence.
Shifts in Cloud Software Investments
While Soros demonstrated support for AI-related companies, he divested his entire stake of 170,000 shares in Salesforce Inc. (CRM) and shed 38,500 shares in Snowflake Inc. (SNOW).
Increased Focus on Cybersecurity
Soros's recent filing also revealed an amplified interest in cybersecurity firms. The fund's stake in Cloudflare Inc. (NET) has been boosted by 200% to 600,000 shares, followed by a 94% increase in holdings of Okta Inc. (OKTA), now standing at 971,000 shares. Moreover, Soros increased the position in Rapid7 Inc. (RPD) by 105% to 8.2 million shares.
In addition to the above changes, Soros raised his stake in Amazon.com Inc. (AMZN) by 8.9% to slightly over 769,000 shares. However, his holdings in Walmart Inc. (WMT) were reduced. Furthermore, the fund decided to shed positions in Netflix Inc. (NFLX) and Goldman Sachs Group Inc. (GS).
George Soros's recent portfolio adjustments reflect a clear focus on innovative sectors such as AI and cybersecurity. These strategic moves demonstrate his confidence in promising opportunities within these industries.