Billionaire investor George Soros's investment fund placed new bets on satellite maker AST SpaceMobile Inc., a SpaceX competitor, and on Nvidia Corp., while selling stakes in high-flying Super Micro Computer Inc. and other big tech names in the quarter that ended March 31, according to a securities filing late Thursday.
Besides the new stakes in AST SpaceMobile $(ASTS)$ and Nvidia $(NVDA)$, Soros Fund Management LLC, the investment firm and family office linked to the billionaire philanthropist, also disclosed fresh investments in JPMorgan Chase & Co. $(JPM)$ and in bitcoin miner Cipher Mining Inc. (CIFR).
Securities regulators require all institutional investment managers holding more than $100 million in certain securities to periodically disclose their positions in filings known as 13-Fs.
The filings, albeit a snapshot of investments on the final day of the quarter, offer a window into a firm's stock and ETF holdings at quarter-end and into some of their possible strategies.
The Soros fund also beefed up its position in Amazon.com Inc. $(AMZN)$ by about 30%, nearly quadrupled its stake in Fedex Corp. $(FDX)$ and bet bigger on First Solar Inc. $(FSLR)$, increasing its stake in the solar-panel maker ninefold.
It also more than doubled its position in UnitedHealth Group Inc. $(UNH)$, which is reportedly under a criminal investigation into its Medicare practices.
Among the companies that, for now, ended their run with the fund were Airbnb Inc. $(ABNB)$, Chinese e-commerce giant Alibaba Group Holding Ltd. $(BABA)$ and Boeing Co. $(BA)$. Soros Fund Management sold off its stakes in those three companies.
Not only did Soros sell its stake in Super Micro $(SMCI)$, the fund also sold off its holdings of Taiwan Semiconductor Manufacturing Co. $(TSM)$.
Meanwhile, filings showed Thursday that Stanley Druckenmiller's Duquesne fund added to its TSMC holdings.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.