Forex Trading Web An encyclopedia that includes everything you need to know about the forex market and the global economy.
Text size
George Soros’s family office bought shares in technology and cryptocurrency companies late last year.
Fabrice Coffrini/AFP/Getty Images
Tesla
and Peloton were on George Soros’s shopping list in the fourth quarter of last year, as he also took new positions in
Carvana
,
General Motors
,
and crypto names, while dumping
Zoom
and Twitter
Soros Fund Management, the family office of billionaire George Soros, bought 242,399 shares of
Tesla
(ticker: TSLA), according to a filing on Monday, bringing the fund’s holdings to 332,046 Tesla shares.
The fund acquired more than 83 million shares in
Peloton Interactive
(PTON), bringing its holdings in the fitness-bike maker to more than 105 million shares.
The quarterly investment filings of large investors such as Soros are often watched for investment trends, although the data are released with a delay and might not show the current positions of the fund.
The Tesla and Peloton moves were joined by further purchases of beaten-down technology companies, with the Soros fund taking new stakes in used-car seller
Carvana
(CVNA) and ride-hailing company
Lyft
(LYFT). Elsewhere in the automotive market, the Soros fund acquired 500,000 shares of
General Motors
(GM).
The fund also made several bets in the cryptocurrency industry—taking new stakes in crypto miner
Marathon Digital
(MARA) and crypto-friendly bank
Silvergate Capital
(SI), and boosting its stake in
MicroStrategy
(MSTR).
Soros Fund sold its position in Twitter as Elon Musk prepared to take over the social-media platform late last year, while also dumping its stake in video-calling company
Zoom
Video Communications (ZM) during the quarter.
Write to Adam Clark at [email protected]
#Tesla #Peloton #Snapped #George #Soros #Dumped #Stocks
