George Soros is one of the most successful investors of all time. Since the foundation of his Quantum Hedge Fund in 1969, he achieved an average value growth 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 Soros’ top positions may give you some useful ideas.
Rivian Automotive, Inc. (RIVN)
Soros’ largest equity investment is Rivian stock. Currently, George Soros holds shares equivalent to just under $1 billion. That makes the stock 19.6% of his total assets.
Rivian only went public in November 2021 and had already caused a sensation at the time: namely, Amazon and Ford took 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.
Electric car startup Rivian Automotive last announced that it produced more than 4,000 vehicles in the second quarter and is on track to build 25,000 vehicles by 2022.
That forecast was cut in half in March, however, as ongoing problems in the global supply chain have further complicated efforts to ramp up production.
Liberty Broadband Corp. (LBRDA)
Soros’ second largest investment is currently Liberty Broadband stock. The position currently has an equivalent value of just over $360 million and accounts for 7.2% of the total portfolio.
In total, the manager holds 1.64% of all outstanding shares. However, Soros reduced the position by 17% in the last quarter. The star investor has been invested in the cable company since the second quarter of 2016.
The company is one of the largest cable providers in the US. The company’s stock market value currently stands at just over $19 billion