10 Blue Chip Stocks to Buy Now According to Billionaire George Soros

Published September 16, 2022 at 7:18 pm EDT Updated August 19, 2026 at 8:32 am EDT

In this article, we will take a look at the 10 Blue Chip Stocks to Buy Now According to Billionaire George Soros.

George Soros is a legendary hedge fund manager born in Budapest, Hungary, in 1930. He founded Soros Fund Management LLC, a hedge fund, in 1970, which was later converted into an investment management company primarily managing the assets of Open Society Foundations. Soros Fund Management had a portfolio valued at $5.6 billion, as of June 30, 2022.

With a net worth of $6.7 billion and a track record of successful investments, George Soros is known as ‘the man who broke the Bank of England’. Soros received this title for earning up to $1 billion of return by betting against the British Pound in September of 1992.

Soros Fund Management invests globally in a wide range of strategies and asset classes, including public equities, fixed income, commodities, foreign exchange, alternative assets, and private equity. In Q2 2022, Soros Fund Management’s 13F portfolio comprised of 238 total positions. During the quarter the investment firm increased exposure to 45 positions, reduced exposure to 46 positions, added 23 new positions and closed out 30 positions.

The cumulative weight of the 10 stocks in our list of 10 Blue Chip Stocks to Buy Now According to Billionaire George Soros accounted for 9.87% of Soros Fund Management’s 13F portfolio with the highest concentration in Amazon.com, Inc. (NASDAQ:AMZN), accounting for 3.79%.

Blue chips are generally large, well-established companies with an excellent reputation and a track record of operational and financial excellence. Blue chip stocks typically have high market capitalizations, market leadership positions, and high brand value, such as JPMorgan Chase & Co., NIKE, Inc. (NYSE:NKE), and Illumina, Inc. (NASDAQ:ILMN), among others.

In 2022, many blue chips as well as other stocks have not done well given the turmoil in the market with the higher inflation, the Fed interest rate raises, and the potential for an economic slowdown. If economic data continues to miss expectations, stocks could continue to decline. Nevertheless, there is an opportunity for long term investors who invest in quality blue chip companies given the lower valuations.

George Soros of Soros Fund Management

Methodology

For our list, we took 10 stocks from George Soros’ Soros Fund Management 13F portfolio at the end of Q2 2022 that we think have the right mixture of industry leadership, strong fundamentals, and growth potential. We then ranked them from #10 to #1 based on the stake value of Soros Fund Management portfolio in those stocks in the second quarter. We have also provided the number of hedge funds in our database that held shares in the stock at the end of Q2 2022.

10 Blue Chip Stocks to Buy Now According to Billionaire George Soros

10. JPMorgan Chase & Co. (NYSE:JPM)

Soros Fund Management’s Stake Value: $1,475,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.02%

Number of Hedge Fund Holders: 104

JPMorgan Chase & Co. is one of the leading financial institutions in the US with a history dating back over 200 years. It provides services including investment banking, financial services for consumers and small business, commercial banking, financial transactions processing and asset management. The bank has over $2.6 trillion in client assets under management and serves clients across more than 100 countries.

Soros Fund Management holds 13,099 shares of JPMorgan Chase & Co., making up for 0.02% of the hedge fund’s 13F portfolio. Soros Fund Management’s stake decreased by 94% in Q2 2022, compared to the previous quarter.

Last month, Berenberg analyst Peter Richardson upgraded JPMorgan Chase & Co. to ‘Hold’ from ‘Sell’ with an unchanged price target of $120.

As of Q2 2022, 104 hedge funds out of the 895 hedge funds tracked by Insider Monkey were bullish on JPMorgan Chase & Co. and held its shares valued at $5.8 billion. Ken Fisher’s Fisher Asset Management was the largest shareholder holding 8 million shares valued at $900 million.

Alongside Salesforce, Inc. (NYSE:CRM), Alphabet Inc. (NASDAQ:GOOG), and Amazon.com, Inc., JPMorgan Chase & Co. is a blue chip stock that was in the 13F portfolio of billionaire George Soros’ Soros Fund Management in Q2 2022.

9. The Walt Disney Company (NYSE:DIS)

Soros Fund Management’s Stake Value: $2,713,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.04%

Number of Hedge Fund Holders: 109

Based in Burbank, California, Walt Disney Company (NYSE: DIS) is a worldwide entertainment company operating across Media and Entertainment Distribution, and Parks, Experiences and Products segments. It operates 6 resort destinations with 12 theme parks and 53 resorts in the US, Europe, and Asia; a cruise line with 4 ships; a beach resort in Hawaii; vacation ownership program; and two guided tour adventure businesses. The company is also home to entertainment brands such as ESPN, Disney+, Hulu, Marvel Studios, and National Geographic, among others.

Soros Fund Management owns 28,736 shares of Walt Disney Company, accounting for 0.04% of its 13F portfolio. The number of shares held by the hedge fund remained same in Q2 2022, as compared to the previous quarter.

As of Q2 2022, 109 hedge funds tracked by Insider Monkey held shares of Walt Disney Company, worth $3.2 billion. Ken Griffin’s Citadel Investment Group is its largest hedge fund shareholder.

Here is what Oakmark Fund had to say about The Walt Disney Company in its Q2 2022 investor letter:

“Disney is one of the most beloved consumer companies in the world. Its media business has a rich library of intellectual property, which provides a powerful engine for creating new content across the Disney, Pixar, Marvel, and Star Wars brands. This content also contributes to the success of Disney’s theme parks, which generated nearly half the company’s earnings and grew more than 10% annually in the decade prior to the pandemic. Shares have fallen nearly 50% over the past year as investors worried about the company’s ability to transition its media business to a direct-to-consumer streaming world. This transition has required management to make investments in its Disney+ streaming service that are depressing profitability today. However, we believe these investments will ultimately produce attractive returns as Disney+ continues to grow subscribers and increase pricing over time. As a result, we were able to purchase shares at a substantial discount to our estimate of intrinsic value.”

8. CME Group Inc. (NASDAQ:CME)

Soros Fund Management’s Stake Value: $6,147,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.10%

Number of Hedge Fund Holders: 56

Based in Chicago, Illinois, CME Group Inc. (NASDAQ:CME) is the world’s leading derivatives marketplace. Through its trading facilities in New York and Chicago, and its CME Globex® electronic trading platform, CME Group Inc. provides access to products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather, and real estate.

CME Group Inc. accounts for 0.10% of Soros Fund Management’s 13F portfolio, with 30,028 shares held by the hedge fund. Soros Fund Management’s stake remained constant in Q2 2022, compared to the previous quarter.

Earlier this year in July, CME Group Inc. released its financial results for Q2 2022 where revenue increased by 5% y-o-y to $1.2 billion and net income increased by 30% y-o-y to $662 million. It reported a normalized EPS of $1.97 for the quarter, beating the consensus by $0.04.

As of Q2 2022, 56 of the 895 hedge funds tracked by Insider Monkey held shares of CME Group Inc., valued at $2.7 billion. GuardCap Asset Management was its largest shareholder with ownership of 4.2 million shares valued at $859 million.

7. Illumina, Inc. (NASDAQ:ILMN)

Soros Fund Management’s Stake Value: $6,389,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.11%

Number of Hedge Fund Holders: 44

San Diego, California-based Illumina, Inc. is a developer, manufacturer, and marketer of life science tools and integrated systems for large-scale analysis of genetic variation and function. Its DNA sequencing and array-based solutions are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments

George Soros’ Soros Fund Management owns 34,653 shares of Illumina, Inc., accounting for 0.11% of its 13F portfolio. The hedge fund increased its stake by 49% in Q2 2022, as compared to the previous quarter.

In September, Piper Sandler analyst David Westenberg reaffirmed an ‘Overweight’ rating and a price target of $320 for shares of Illumina, Inc.. The analyst believes that a potential divestiture of GRAIL represents an upside to its shares.

As of Q2 2022, Illumina, Inc. shares were held by 44 of the 895 hedge funds tracked by Insider Monkey, for a total value of $1.4 billion. Select Equity Group was the largest shareholder in the company owning 1.5 million shares valued at $268 million.

6. QUALCOMM Incorporated (NASDAQ:QCOM)

Soros Fund Management’s Stake Value: $29,327,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.52%

Number of Hedge Fund Holders: 71

San Diego, California-based QUALCOMM Incorporated (NASDAQ:QCOM) is a leading wireless technology innovator and the driving force behind the development, launch and expansion of 5G technology. Its portfolio includes products for processors, modems, platforms, RF systems, and connectivity, among others.

George Soros’ Soros Fund Management owns 229,582 shares of QUALCOMM Incorporated, accounting for 0.52% of its 13F portfolio. The hedge fund increased its stake by 49% in Q2 2022, as compared to the previous quarter.

Earlier this year in July, QUALCOMM Incorporated released its financial results for the quarter ended June 26, 2022. Its total revenue increased by 36% y-o-y to $10.9 billion, while its net income surged by 84% y-o-y to $3.7 billion. The normalized EPS was recorded at $2.96 for the quarter, beating the consensus by $0.09.

Following the earnings release in July, analysts at Mizuho and Wells Fargo raised price targets on QUALCOMM Incorporated shares to $175 from $168 and $150 from $135, respectively.

As of Q2 2022, 71 of the 895 hedge funds tracked by Insider Monkey were long QUALCOMM Incorporated, holding shares worth $2.8 billion. Its largest hedge fund shareholder is Ken Griffin’s Citadel Investment Group.

Like QUALCOMM Incorporated, Salesforce, Inc., Alphabet Inc., and Amazon.com, Inc. are blue chip stocks that billionaire George Soros’ Soros Fund Management owned in Q2 2022.

5. NIKE, Inc. (NYSE:NKE)

Soros Fund Management’s Stake Value: $35,590,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.63%

Number of Hedge Fund Holders: 72

NIKE, Inc., based in Beaverton, Oregon, is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities.

As of Q2 2022, George Soros’ Soros Fund Management holds 348,235 shares of NIKE, Inc., accounting for 0.63% of the 13F portfolio of the hedge fund. The hedge fund increased its stake by 18% in Q2 2022, as compared to the previous quarter.

In June, NIKE, Inc. released the financial results for the quarter ended May 31, 2022. Its revenue decreased by 1% y-o-y to $12.2 billion, while its net income decreased by 5% y-o-y to $1.4 billion. It reported a normalized EPS of $1.00, beating the consensus by $0.19, and the company declared a quarterly cash dividend of $0.305 per share.

As of Q2 2022, 72 of the 895 hedge funds tracked by Insider Monkey owned shares of NIKE, Inc., valued at $3.3 billion. Ken Fisher’s Fisher Asset Management is its largest shareholder with ownership of 8.5 million shares valued at $873 million.

4. T-Mobile US, Inc. (NYSE:TMUS)

Soros Fund Management’s Stake Value: $42,724,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.76%

Number of Hedge Fund Holders: 96

T-Mobile US, Inc. (NYSE:TMUS) is a wireless network operator based in Bellevue, Washington delivering an advanced 4G LTE and a transformative nationwide 5G network through its flagship brands, T-Mobile, and Metro by T-Mobile. It had 110 million total customers as of June 30, 2022.

Soros Fund Management owns 317,556 shares of T-Mobile US, Inc., accounting for 0.76% of its 13F portfolio. The hedge fund increased its stake by 12% in Q2 2022, as compared to the previous quarter.

In September, T-Mobile US, Inc. disclosed in a regulatory filing that the company’s board of directors had authorized a stock repurchase program for up to $14 billion of its common stock, through September 30, 2023. Following the news, Raymond James analyst Ric Prentiss raised the price target on T-Mobile shares to $178 from $175 and maintained a ‘Strong Buy’ rating.

As of Q2 2022, 96 of the 895 hedge funds tracked by Insider Monkey owned shares of T-Mobile US, Inc., valued at $6.9 billion. Its largest shareholder was Viking Global with ownership of 9.2 million shares valued at $1.2 billion.

3. Salesforce, Inc. (NYSE:CRM)

Soros Fund Management’s Stake Value: $103,564,000

Percentage of Soros Fund Management’s 13F Portfolio: 1.84%

Number of Hedge Fund Holders: 116

San Francisco, California-based Salesforce, Inc. is the world’s leading customer relationship management platform provider. Its cloud-based platform has applications for sales, service, marketing, and more, with more than 150,000 companies using the platform.

Soros Fund Management owns 627,509 shares of Salesforce, Inc., accounting for 1.84% of its 13F portfolio. The hedge fund’s stake increased by 139% in Q2 2022, compared to the previous quarter.

According to the Insider Monkey data on 895 leading hedge funds, 116 hedge funds were long Salesforce, Inc. shares as of Q2 2022, with the total shares held by hedge funds valued at $7.9 billion. Ken Fisher’s Fisher Asset Management was the largest shareholder on record with ownership of 15.7 million shares valued at $2.6 billion.

This is what Eagle First Investments had to say about Salesforce, Inc. in its Q2 2022 investor letter:

“Salesforce is a prime example of our big-tent approach to value investing. Though the US-based provider of cloud-based customer-relationship management (CRM) software would be considered a growth stock by many metrics, we believe its profile is suggestive of a business with unrecognized franchise value that may make for an attractive investment opportunity at an appropriate “margin of safety.” Salesforce has a dominant market position in the CRM space, especially in a cloud segment that by our estimate has been growing at approximately 20% per year as enterprises increasingly embrace the benefits of software-as-a-service. Recent years have seen the company prudently adapt its offerings through organic product extensions and expand into adjacent verticals through acquisition while migrating toward an integrated CRM platform model. Salesforce’s mature, durable market position, track record of cash flow generation and well-aligned management team gives us confidence that it possesses identifiable franchise value—in contrast with many of its peers in the technology space, whose investors often are paying for unrealized earnings and early-stage business development strategies.”

2. Alphabet Inc. (NASDAQ:GOOG)

Soros Fund Management’s Stake Value: $115,882,000

Percentage of Soros Fund Management’s 13F Portfolio: 2.06%

Number of Hedge Fund Holders: 153

Alphabet Inc., based in Mountain View, California, is the parent company of several companies including the Google, Verily Life Sciences, GV (formerly Google Ventures), Calico, and X-the moonshot factory. Majority of its revenue is generated by Google Services which comprises of ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Alphabet Inc. announced the launch of Android 13 earlier in August, adding multiple new features focused on personalization and privacy.

Alphabet Inc. is among the top 10 holdings of Soros Fund Management based on its portfolio weight of 2.06% as of Q2 2022. The hedge fund holds 53,175 shares of Alphabet Inc., 11% more than the number of shares held at the end of the previous quarter.

Alphabet Inc. released the financial results for Q2 2022 earlier this year in July. Its revenue increased by 13% y-o-y to $69.7 billion, while its net income decreased by 16% y-o-y to $16 billion. It reported a normalized EPS of $1.21, missing the consensus by $0.08.

Alphabet Inc. is one of the most commonly owned stock among the 895 hedge funds tracked by Insider Monkey. As of Q2 2022, 153 hedge funds owned shares of Alphabet Inc., valued at $22.3 billion.

1. Amazon.com, Inc. (NASDAQ:AMZN)

Soros Fund Management’s Stake Value: $212,898,000

Percentage of Soros Fund Management’s 13F Portfolio: 3.79%

Number of Hedge Fund Holders:

Amazon.com Inc, is a multinational technology company operating online and physical stores where it sells its own products as well as allows third-party sellers to sell their products to consumers. It manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, and Ring, and develops and produces media content; and provides cloud computing services through Amazon Web Services platform. Its ecommerce platform is home to more than 1.7 million small and medium businesses.

George Soros’ Soros Fund Management’s holds 2,004,500 shares of Amazon.com Inc, accounting for 3.79% of its 13F portfolio, as of Q2 2022. The hedge fund increased its stake by a blistering 2735% during the latest quarter, as compared to the previous one.

In July, Amazon released its financial results for the second quarter of 2022. Its total revenue increased by 7% y-o-y to $121.2 billion, while it reported a net loss of $2 billion for the three months ended June 30, 2022. The normalized EPS was recorded at -$0.20 for the quarter, missing the consensus by $0.32.

Amazon.com Inc is also highly sought after by hedge funds with the second highest number of hedge funds as 252 out of the 895 tracked by Insider Monkey hold its shares with a total value of $30.1 billion. The ecommerce giant ranks #1 on the list of 10 Blue Chip stocks to buy now according to billionaire George Soros based on the number of hedge funds invested in the stock and portfolio weight, among several other factors.

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