Billionaire George Soros’s funding company snapped up stocks of ViacomCBS, Discovery and Baidu as they had been being bought off in large blocks right through the cave in of Invoice Hwang’s Archegos Capital Control.
Soros Fund Control purchased $194 million of ViacomCBS Inc., Baidu Inc. inventory valued at $77 million, as smartly $46 million of Vipshop Holdings Ltd. and $34 million of Tencent Tune Leisure Crew right through the primary quarter, in line with a regulatory submitting launched Friday. An individual conversant in the fund’s buying and selling mentioned the corporate didn’t grasp the stocks previous to Archegos’s implosion.
Soros additionally larger its guess on Amazon.com Inc. and homebuilder DR Horton Inc., which is now its second-largest public fairness place.
The 13F, which cash managers overseeing greater than $100 million in U.S. equities will have to record quarterly, published that Soros held $4.5 billion of U.S. equities, down $77 million from the prior quarter.
The largest go out within the quarter used to be Palantir Applied sciences Inc. Soros bought 18.5 million stocks valued at about $435 million. The company at first published it owned a stake within the debatable data-mining corporate managed by means of Peter Thiel in November, however hastily issued a commentary pronouncing the unique funding used to be made in 2012 and it regretted the verdict.
*SOROS FUND MANAGEMENT CUTS SHARE STAKE IN UBER TEHCNOLOGIES BY 79.5% TO 31,406 SHARES – SEC FILING
*SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN PALANTIR TECHNOLOGIES INC – SEC FILING
*SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN NORTONLIFELOCK INC – SEC FILING
*SOROS FUND MANAGEMENT UPS SHARE STAKE IN GENERAL MOTORS BY 49.5% to 655,002 SHARES – SEC FILING
*SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN DISH NETWORK – SEC FILING
Supply for the quarter ended March 31, 2021: www.sec.gov/Archives/edgar/data/1029160/000090266421002758/0000902664-21-002758-index.htm
Supply for the quarter ended December 31, 2020: www.sec.gov/Archives/edgar/data/1029160/000090266421001434/0000902664-21-001434-index.htm