George Soros Bets Big On Electric Vehicles, Bitcoin, Pharmaceuticals And Consumer Internet Providers, According To Latest Filings

Billionaire philanthropist George Soros, while polarizing, has made some of the most successful trades in history. His fund has averaged a roughly 30% yearly return since inception. 

Soros made bets on Tesla Inc. as early as 2018 and ventured into cryptocurrency the same year. According to the billionaire's latest 13F filings, he is making other interesting bets going into the second half of 2023. 

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Rivian Automotive Inc. 

Rivian conducted an initial public offering in November 2021 and reached highs of over $130 per share. This landed the company at a valuation of over $120 billion. Since then, the electric vehicle maker has dropped to a market cap of under $20 billion. As of its June 2023 quarterly financials, the company grew revenue by over 200% year over year, including growing net income. The compressed valuation, coupled with growing underlying financials, apparently justified an increase of 608,000 shares of Rivian in the second quarter. 

The Soros Fund also holds a substantial stake in Nio Inc. which accounts for roughly 1.7% of the Soros Fund portfolio. 

MicroStrategy Inc.  

Soros has had a tumultuous relationship with Bitcoin and cryptocurrency. In some instances, he has referred to it as a "bubble." While MicroStrategy isn't a direct investment in Bitcoin, the company holds 152,800 Bitcoin worth over $4.53 billion. For reference, the startup has a market capitalization of $4.69 billion and largely trades in unison with the price of Bitcoin. The Soros Fund invested nearly $100 million in the company, making it roughly 1.6% of the fund's portfolio holdings. 

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Horizon Therapeutics PLC

Horizon Therapeutics is in the midst of being acquired by Amgen Inc.  — and a legal battle to stop the acquisition. The Federal Trade Commission sued to block the acquisition in May and continues to prevent the deal from being completed. Regardless, the Soros Fund owns over 3.3 million shares of the pharmaceutical company, making the stock its largest single stock holding at 5.28%.

Liberty Broadband Corp.

Liberty Broadband Corp. is the parent company of consumer phone and internet giant Charter Communications Inc. Liberty Broadband is down 52% from its September 2021 highs. Despite the stock's poor performance, the Soros Fund still owns 1.4 million shares clocking in at 1.7% of the portfolio's holdings.    

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