Today I would like to introduce you to the current 3 largest stock positions of the legendary investor George Soros. He’s one of the most successful investors of all time. Since the creation of his Quantum Hedge Fund in 1969, Soros has achieved an average appreciation of almost 30% per year for his clients.
Blindly following a single major investor without knowing the background to the individual stock positions is certainly not advisable. Nevertheless, a look at George Soros’ top positions may give you some useful ideas. Currently, George Soros has just under $6.5 billion invested in 256 different positions. These are his 3 largest stock positions, which together account for about 46% of assets under management:
Soros’ largest equity investment is Rivian, which the star investor just added to his portfolio last quarter. Currently, Soros holds shares equivalent to just under $2.1 billion. The stock thus accounts for 31.87% of his total assets.
Rivian only went public in November 2021 and has already caused a sensation: Amazon and Ford have large stakes in the company. Founded in 2009, Rivian is a US manufacturer of all-electric cars in the premium segment. The company is building a complete ecosystem around the vehicles, similar to Tesla.
Through a high degree of vertical integration, Rivian aims to achieve better quality, faster innovation and lower costs. However, in the latest reporting quarter (ending September 2021), the group only generated $1 million in revenue. But its stock market value of around $60 billion shows that investors believe it has high growth potential.
Liberty Broadband Corp. (LBRDK)
George Soros’ second largest investment is currently Liberty Broadband. The position currently has an equivalent value of just over $525 million and accounts for 8.11% of the total portfolio.
In total, the manager thus holds 1.84% of all outstanding shares. However, Soros reduced the position by 16% in the last quarter. The star investor has been invested in the cable company since the second quarter of 2016 and is currently sitting on book profits of 123%.
The company is one of the largest cable providers in the US. The company’s stock market value currently stands at just over $26 billion.
D.R. Horton (DHI)
The third largest stock position in George Soros’ portfolio is the real estate company D.R. Horton. Soros currently holds shares equivalent to just under $395 million in the company. The value of his holding thus represents 6.1% of his total equity portfolio, or 1.02% of all outstanding shares. Soros had also recently reduced the position by 16%.
D.R. Horton engages in the acquisition and development of land and the construction and sale of homes in 29 states in the U.S. The company also provides mortgage financing, land title insurance, and inspection and closing services, and is involved in residential land development.
In the past fourth quarter, D.R. Horton benefited from the booming real estate market in the United States. Sales climbed year-on-year from $5.9 billion to $7.0 billion. In the end, a profit of $1.14 billion was on the books (+44% compared to the same period last year).