Today I would like to introduce you to the current 3 largest stock positions of the legendary investor George Soros. Soros is one of the most successful investors of all time. Since the creation of his Quantum Hedge Fund in 1969, he has achieved an average appreciation of almost 30% per year for his clients.
Blindly following a single major investor is certainly not advisable. Nevertheless, a look at George Soros’ top positions may give you some useful ideas. Currently, George Soros has just under $5 billion invested in 232 different positions. These are currently his 3 largest stock positions, which together account for just under a third of his assets:
Liberty Broadband Corp (NASDAQ:LBRDA)
Soros’ largest investment is currently Liberty Broadband stock. The position currently has an equivalent value of just over $675 million and accounts for 13.5% of the entire portfolio.
In total, the manager holds 2.21% of all outstanding shares. Soros has left the position virtually unchanged over the last quarter. He’s been invested in the cable company since the second quarter of 2016 and is currently sitting on profits of 135%.
Liberty Broadband is one of the largest cable providers in the U.S. The company’s stock market value currently stands at just over $30 billion.
D.R. Horton (NYSE:DHI)
The second largest stock position in George Soros’ portfolio is the real estate company D.R. Horton. Soros currently holds shares equivalent to just under $360 million in the company. The value of his holding thus represents 7.2% of his total equity portfolio, or 1.21% of all outstanding shares.
Most recently, Soros again minimally increased the position by 1.38% despite the high share price gains (47% in 2021).
D.R. Horton engages in the acquisition and development of land as well as the construction and sale of homes in 29 states across the United States. The company also provides mortgage financing, land title insurance, inspection services, closing services, and is active in residential land development.
In the past quarter, D.R. Horton benefited from the booming real estate market in the U.S. Sales climbed from $6.4 to $8.1 billion in the last three months. In the end, a profit of $1.3 billion was on the books (+61% compared to the same period last year).
Soros’ third largest equity investment continues to be Amazon stock. Currently, Soros holds shares with an equivalent value of just under $300 million. This means the stock accounts for 6% of his total assets.
Most recently, the growth momentum of online giant Amazon has slowed somewhat. In the three months to the end of September, profits fell nearly 50% to $3.2 billion from a year earlier, which was buoyed by the COVID-19 internet shopping boom.
Revenues were up 15% to $110.8 billion, but that represented much weaker growth than in previous quarters.