Soros Fund Management
Soros Fund Management, founded by George Soros, is a private investment management firm currently overseen by Chief Investment Officer Dawn Fitzpatrick. Soros, known for his profound impact on global financial markets, established a reputation for aggressive currency trades. The firm's investment philosophy typically involves macroeconomic analysis, focusing on broad market trends and significant geopolitical events to guide its strategic positions.
AUM figures shown are calculated by summing the reported market value of all positions in SEC 13F-HR filings β not the fund's actual assets under management.
- Excludes cash, bonds, private equity, short positions, and foreign-listed stocks not required to be reported.
- For PUT and CALL options, the reported Value is the notional value of the underlying shares β not the option premium paid. This significantly overstates the actual capital at risk.
- Actual fund AUM is typically higher and includes strategies, instruments, and positions that never appear in a 13F.
- 13F filings cover institutional managers with β₯$100M in 13F securities. Positions reflect end-of-quarter holdings, disclosed up to 45 days after the period ends.
Data sourced from SEC EDGAR. This tracker is for informational purposes only and does not constitute investment advice.
Portfolio Holdings
Top 30 positions
| Ticker | Issuer | Notional | Port % | @ Filing | Now (EOD) | Since Filing | Allocation |
|---|---|---|---|---|---|---|---|
| SPYPUT | $772.9M | 8.48% | $648.67 | $747.68 | +15.3% | 8.5% | |
| AMZN | $405.3M | 4.44% | $208.27 | $245.84 | +18.0% | 4.4% | |
| XLEPUT | $303.1M | 3.32% | $60.82 | $54.36 | -10.6% | 3.3% | |
| CRWVPUT | $220.0M | 2.41% | $77.47 | $82.01 | +5.9% | 2.4% | |
| $218.2M | 2.39% | β | β | 2.4% | |||
| XOPPUT | $217.6M | 2.39% | $180.94 | $156.75 | -13.4% | 2.4% | |
| EA | $196.9M | 2.16% | $203.68 | $205.53 | +0.9% | 2.2% | |
| NVDA | $187.2M | 2.05% | $174.40 | $196.63 | +12.8% | 2.0% | |
| $186.6M | 2.05% | β | β | 2.0% | |||
| $181.6M | 1.99% | β | β | 2.0% | |||
| TSM | $176.5M | 1.94% | $337.16 | $430.94 | +27.8% | 1.9% | |
| GOOGL | $165.0M | 1.81% | $287.39 | $368.89 | +28.4% | 1.8% | |
| $158.4M | 1.74% | β | β | 1.7% | |||
| $153.7M | 1.69% | β | β | 1.7% | |||
| $149.9M | 1.64% | β | β | 1.6% | |||
| LIN | $128.9M | 1.41% | $495.76 | $536.80 | +8.3% | 1.4% | |
| AAPL | $127.0M | 1.39% | $253.56 | $312.30 | +23.2% | 1.4% | |
| TSMPUT | $126.7M | 1.39% | $337.16 | $430.94 | +27.8% | 1.4% | |
| TKO | $121.8M | 1.34% | $200.87 | $194.26 | -3.3% | 1.3% | |
| SEE | $115.7M | 1.27% | β | β | 1.3% | ||
| $114.5M | 1.26% | β | β | 1.3% | |||
| SW | $100.4M | 1.10% | $39.40 | $45.06 | +14.4% | 1.1% | |
| $98.2M | 1.08% | β | β | 1.1% | |||
| GTLS | $97.2M | 1.07% | $206.75 | $209.05 | +1.1% | 1.1% | |
| $94.9M | 1.04% | β | β | 1.0% | |||
| FOLD | $83.2M | 0.91% | β | β | 0.9% | ||
| IDA | $82.5M | 0.91% | $142.11 | $152.32 | +7.2% | 0.9% | |
| HON | $80.9M | 0.89% | $235.76 | $225.46 | -4.4% | 0.9% | |
| CMS | $80.3M | 0.88% | $76.98 | $77.35 | +0.5% | 0.9% | |
| MSFT | $78.5M | 0.86% | $369.37 | $391.07 | +5.9% | 0.9% |
Quarter-on-Quarter Activity
Q1 2026 vs. Q4 2025
New Positions (8)
| Ticker | Issuer | Notional | Since Filing |
|---|---|---|---|
| LIN | $128.9M | +8.3% | |
| $94.9M | |||
| HTO | $72.1M | ||
| $71.2M | |||
| PEN | $66.8M | ||
| BRKB | $63.9M | ||
| NEEPRV | $60.4M | ||
| $59.5M |
Exited Positions (8)
| Ticker | Issuer | Notional |
|---|---|---|
| $221.2M | ||
| $160.8M | ||
| $137.6M | ||
| DAY | $103.0M | |
| EXAS | $87.8M | |
| CYBR | $87.5M | |
| NGD | $84.4M | |
| $83.4M |
Increased (8)
| Ticker | Issuer | Notional | Shares Ξ | Since Filing |
|---|---|---|---|---|
| CORZ | $4.8M | +5935.6% | ||
| JPM | $34.1M | +5366.9% | ||
| HUN | $11.8M | +2287.1% | ||
| VSEC | $27.8M | +2276.1% | ||
| SPY | $676.3M | +739.0% | +15.3% | |
| CCO | $11.3M | +695.2% | ||
| SPY | $670.6M | +692.3% | +15.3% | |
| WBD | $25.7M | +628.4% |
Trimmed (8)
| Ticker | Issuer | Notional | Shares Ξ |
|---|---|---|---|
| HUN | $-58.5M | -99.3% | |
| RUN | $-40.8M | -99.1% | |
| RUN | $-36.5M | -99.0% | |
| DIS | $-76.2M | -98.5% | |
| XLF | $-16.5M | -96.1% | |
| DIS | $-10.4M | -89.5% | |
| WOLFCALL | $-9.2M | -88.2% | |
| HUN | $-46.8M | -84.4% |
Quarter Activity
During the quarter, Soros Fund Management initiated notable new positions in LIN, HTO, and PEN, with investments totaling $129 million, $72 million, and $67 million respectively. The fund exited significant positions including DAY and EXAS, valued at $103 million and $88 million. Additionally, there were substantial increases in holdings of CORZ and JPM, with the fund adding approximately $5936 million and $5367 million to these positions, while reducing stakes in DIS and XLF by $98 million and $96 million respectively.
AI Commentary
<p>Soros Fund Management's current portfolio highlights a significant concentration in technology and energy sectors, with notable positions in both individual stocks and sector ETFs. The largest holding is a put option on the SPY (STATE STR SPDR S&P 500 ETF Trust) valued at $773 million, representing 8.5% of the portfolio, indicating a defensive posture against potential market downturns. Other major positions include Amazon.com Inc (AMZN) at $405 million and a put on the XLE (SELECT SECTOR SPDR TR) at $303 million, further emphasizing the fund's focus on tech and energy. Notably, the fund also holds substantial positions in NVIDIA Corporation (NVDA) and Electronic Arts Inc (EA), reinforcing its tech sector emphasis.</p> <p>The recent quarterly changes suggest a strategic shift in Soros Fund Management's investment approach. The introduction of new positions such as LIN ($129 million) and significant increases in holdings like CORZ (up 5936%) and JPM (up 5367%) indicate a bullish outlook on specific companies and perhaps the broader financial sector. Conversely, the closure of positions and substantial reductions in stocks like HUN (down 99%) and Disney (DIS, down 98%) reflect a reallocation of assets, possibly away from sectors or stocks perceived as less favorable or more volatile. The massive increase in the SPY put position (up 739%) further underscores a hedge against potential market declines, aligning with a cautious yet opportunistic investment strategy.</p>