Soros Doubles Down On Big Tech

This article first appeared on GuruFocus.

Soros Fund Management had a rough year, down 5.8% compared with a 12% gain for the S&P 500, but its latest 13F filing shows the fund is not backing away from big tech. If anything, it is leaning in harder.

Amazon (NASDAQ:AMZN) is now the fund’s largest holding, with roughly 2.36 million shares valued at about $544 million, accounting for 6.3% of the portfolio. Soros also built up Nvidia (NASDAQ:NVDA) to 666K shares worth $124 million and raised its Taiwan Semiconductor (NYSE:TSM) stake to about 350K shares valued near $106 million. Alphabet (GOOGL) remains a core position at 2.3% of assets, even after trimming to 639K shares worth roughly $200 million.

Most of these names carry Hold Quant Ratings, with NVDA and TSM at 3.49, GOOGL at 3.48 and AMZN at 3.40. The fund also added AI-linked plays like Coreweave (NASDAQ:CRWV) while hedging with energy ETF puts.