12 Best Growth Stocks To Buy According To George Soros

Published December 6, 2022 at 3:19 pm EST Updated August 19, 2026 at 8:53 am EDT

In this article, we will look at the 12 best growth stocks to buy according to George Soros.

George Soros is a Hungarian-born American billionaire investor and philanthropist who is one of the world’s most powerful and influential people. He is known for creating the Open Society Foundations, a network of foundations, partners, and projects in more than 120 countries, and for his philanthropic work in promoting democracy and human rights. Mr. Soros was born in Budapest in 1930 and survived the Nazi occupation of Hungary during World War II. After the war, he moved to England to study at the London School of Economics.

George Soros eventually moved to the United States and made his fortune as a hedge fund manager. In 1970, the billionaire founded Soros Fund Management in New York. After years of stellar performance, George Soros turned Soros Fund Management into a family office which remains closed to outside investors. According to Forbes, George Soros’ net worth, as of December 5, is valued at $6.7 billion and he is ranked high on the Forbes 400.

Soros Fund Management’s Q3 2022 Investment Portfolio

In the third quarter of 2022, Soros Fund Management’s portfolio value appreciated by 1.04% to $5.85 billion, up from $5.61 billion in the preceding quarter. Soros Fund Management initiated 38 positions, increased exposure to 34 securities, reduced its exposure to 33 securities, and exited 39 positions. This article will focus on the 12 best growth stocks in George Soros’ investment portfolio, which include Alphabet Inc. (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN), and Salesforce, Inc. (NYSE:CRM).

George Soros of Soros Fund Management

Our Methodology

To compile this list, we reviewed George Soros’ 13F portfolio at the close of the third quarter of 2022. We selected the top 12 growth stocks held by Soros Fund Management and ranked them according to the fund’s stake in them, from least to most.

Best Growth Stocks To Buy According To George Soros

12. Aptiv PLC (NYSE:APTV)

Soros Fund Management’s Stake Value: $20,353,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.34%

Number of Hedge Fund Holders: 39

Aptiv PLC (NYSE:APTV) is a leading global technology company that designs, develops, and manufactures electrical, electronic, and safety components and systems for the automotive and commercial vehicle industries. As of September 30, George Soros’ hedge fund holds a position worth $20.35 million in the company, which accounts for 0.34% of the fund’s portfolio. Aptiv PLC is ranked among the best growth stocks to buy according to George Soros.

On September 28, Berenberg analyst Jared Maymon took coverage of Aptiv PLC with a Buy rating and a $130 price target. The analyst noted that the company is capturing more market share as content per vehicle is rising. The company’s investments in electrification technology and safety technology put it in a position to continue on this trajectory in the long term, said the analyst. This November, Raymond James analyst Brian Gesuale revised his price target on Aptiv PLC to $125 from $145 and reiterated an Outperform rating on the shares.

At the close of Q3 2022, 39 hedge funds were long Aptiv PLC and disclosed positions worth $1.35 billion in the company.

Some of the growth stocks that George Soros has high conviction for include Alphabet Inc., Amazon.com, Inc., and Salesforce, Inc..

11. Tesla, Inc. (NASDAQ:TSLA)

Soros Fund Management’s Stake Value: $23,779,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.40%

Number of Hedge Fund Holders: 88

On October 19, Tesla, Inc. (NASDAQ:TSLA) posted strong earnings for the fiscal third quarter of 2022. The company reported an EPS of $1.05 and beat Wall Street estimates by $0.05. The company’s revenue for the quarter grew by 55.95% year over year and amounted to $21.45 billion. On November 23, Citi analyst Itay Michaeli upgraded Tesla, Inc. to Neutral from Sell and raised his price target to $176 from $141.33.

Tesla, Inc. is a financially strong company with a healthy balance sheet and low debt levels. The company has free cash flows of $8.9 billion and a debt-to-equity ratio of 0.06, as of September 30. George Soros is betting big on the company and has a position worth $23.7 million in the company, through his hedge fund. Tesla, Inc. is ranked among the best growth stocks to buy according to the billionaire.

At the end of the third quarter of 2022, 88 hedge funds were bullish on Tesla, Inc. and held positions worth $7.39 billion. This is compared to 73 positions in the previous quarter with stakes worth 7.17 billion. The hedge fund sentiment for the stock is positive.

Here is what investment management firm, Alger Capital, had to say about Tesla, Inc. in its third-quarter 2022 investor letter:

“Tesla, Inc. (NASDAQ:TSLA) is an electric vehicle manufacturer with a significant technological lead in its large and rapidly growing addressable market. Shares outperformed during the quarter despite covid 19 shutdowns at the company’s shanghai production plant early in the period. During this quarter, the company also ramped up production at its newer Germany and Texas plants. While investors were aware of these challenging variables, the company’s quarterly results exceeded expectations thanks to lower-than-expected operating expenses. Investors are aware that ramping up electric vehicle production is challenging and recognize it’s difficult to estimate production rates.”

10. QUALCOMM, Incorporated (NASDAQ:QCOM)

Soros Fund Management’s Stake Value: $25,573,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.43%

Number of Hedge Fund Holders: 80

QUALCOMM, Incorporated (NASDAQ:QCOM) is a leader in the semiconductor and wireless technology industry and is well-positioned to benefit from the shift to 5G technology, as its chipsets are used in many of the 5G devices currently on the market. At the close of Q3 2022, 80 hedge funds were eager on QUALCOMM, Incorporated and disclosed positions worth $2.56 billion in the company.

Wall Street is bullish on QUALCOMM, Incorporated. This October, HSBC analyst Frank Lee took coverage of QUALCOMM, Incorporated with a Buy rating and a $180 price target. The analyst noted that the company has “the most complete technology offering of any chip maker”. On November 15, Credit Suisse analyst Chris Caso started coverage of QUALCOMM, Incorporated with an Outperform rating and a $150 price target.

George Soros is bullish on QUALCOMM, Incorporated and, as of September 30, holds a position worth $25.5 million in the company through Soros Fund Management. The stock is ranked among George Soros’ top growth stock picks.

9. Freshworks Inc. (NASDAQ:FRSH)

Soros Fund Management’s Stake Value: $29,366,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.5%

Number of Hedge Fund Holders: 27

Freshworks Inc. (NASDAQ:FRSH) is a leading provider of cloud-based CRM software. Founded in 2010, the company’s products are designed to enable customer service teams to provide better customer service experiences. On November 1, Freshworks Inc. announced earnings for the third quarter of fiscal 2022, in which the company beat EPS estimates by $0.04. The company generated a revenue of $128.76 million, up 33.27% year over year and ahead of Wall Street consensus by $3.28 million.

On November 21, Credit Suisse analyst Rich Hilliker took coverage of Freshworks Inc. with a Neutral rating and a $14 price target. As of September 30, Soros Fund Management’s stakes in the company are valued at $29.3 million and the stock is among George Soros’ top growth stocks to buy.

At the close of Q3 2022, Freshworks Inc. was spotted on 27 investors’ portfolios that held collective stakes of $287.6 million. This is compared to 25 hedge funds in the previous quarter with stakes worth $177.45 million. The hedge fund sentiment for the stock is positive.

8. Intuit Inc. (NASDAQ:INTU)

Soros Fund Management’s Stake Value: $33,625,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.57%

Number of Hedge Fund Holders: 86

Intuit Inc. (NASDAQ:INTU) is a leading global provider of financial management software solutions for small and medium businesses, consumers, and accounting professionals. The company has a long history of success and is well-positioned to capitalize on the current market trends. The company is committed to returning cash to shareholders and, on November 29, declared a quarterly cash dividend of $0.78 per common share. The dividend is payable on January 18. As of December 5, the stock is offering a forward dividend yield of 0.79% and the company has free cash flows of $3.80 billion.

On December 1, Argus analyst Jim Kelleher maintained a Buy rating and his $580 price target on Intuit Inc..

At the end of the third quarter of 2022, 86 hedge funds were long Intuit Inc. and disclosed stakes of $5.11 billion in the company. Of those, $33.62 million were of Soros Fund Management. Intuit Inc. is one of the best growth stocks to buy according to billionaire investor, George Soros.

Here is what RiverPark Funds had to say about Intuit Inc. in its third-quarter 2022 investor letter:

“We took advantage of its 2022 price decline to add a small position in Intuit. INTU is a leading SaaS software solutions provider to small businesses, consumers, and professional accountants, best known for its QuickBooks accounting and TurboTax tax preparation platforms. INTU recently strengthened its personal finance offerings with the acquisitions of Mint and Credit Karma, and its small business offering with the acquisition of email marketing platform Mailchimp. The company is benefitting from the secular shift to digitization for both businesses and consumers. Given its vast amount of valuable personal finance and tax customer data from its 100 million + customer installed base, the company can apply artificial intelligence to the data to generate actionable intelligence for customers, as well as a large cross-selling opportunity across its products.

Given INTU’s less than 5% penetration of its $300 billion market, we believe the company can grow its top-line mid-teens, while improving its high-margin business model of greater than 80% gross margins and greater than 35% EBITDA margin, leading to high-teens EPS growth for the foreseeable future. At about 2% of revenue, the company also requires limited capital expenditures, producing significant and growing FCF, which INTU has used for acquisitions, a small dividend, debt repayment and stock buybacks.”

7. Accenture Plc (NYSE:ACN)

Soros Fund Management’s Stake Value: $37,788,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.64%

Number of Hedge Fund Holders: 58

Accenture Plc (NYSE:ACN) is a leading global professional services company with a long history of helping clients increase speed to market and improve their efficiency. With its large portfolio of services, Accenture Plc is well-positioned to capitalize on the growing demand for digital transformation services. The company has a strong track record of delivering high-value, innovative solutions to its clients and is well-positioned to benefit from the increasing need for digital services and the growth in digital spending.

As of September 30, Soros Fund Management’s stake in Accenture Plc is valued at $37.78 million, which covers 0.64% of the fund’s 13F portfolio. The stock is one of the best growth stock picks of billionaire George Soros.

This September, Citi analyst Ashwin Shirvaikar revised his price target on Accenture Plc to $305 from $315 and maintained a Buy rating on the shares. On October 14, JPMorgan analyst Tien-tsin Huang updated his price target on Accenture Plc to $306 from $329 and reiterated an Overweight rating on the shares.

At the close of the third quarter of 2022, Accenture Plc was spotted on 58 investors’ portfolios that held collective stakes of $3.47 billion in the company. This is compared to 61 positions in the previous quarter with stakes worth $3.16 billion.

Here is what Distillate Capital Partners LLC had to say about Accenture plc (NYSE:ACN) in its third-quarter 2022 investor letter:

“The largest new purchases includes Accenture plc (NYSE:ACN). Accenture modestly lagged the market last quarter and became similarly attractive enough to warrant ownership. Similar to our prior presentations, one way to visualize the current portfolio and note recent changes versus the benchmark is to look at scatter plot of all of Distillate’s FSV holdings versus those in the benchmark with valuation on the vertical axis and free cash ϲow stability on the horizontal axis.”

6. Sierra Wireless, Inc. (NASDAQ:SWIR)

Soros Fund Management’s Stake Value: $42,610,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.72%

Number of Hedge Fund Holders: 29

Sierra Wireless, Inc. (NASDAQ:SWIR) is a leading provider of device-to-cloud Internet of Things solutions. The company has operations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company is well-positioned to take advantage of the growing trends in the IoT market, including a focus on 5G and cloud computing technologies. As of December 5, Sierra Wireless, Inc. has gained 65.23% year to date.

George Soros is betting big on Sierra Wireless, Inc. and, as of September 30, holds a position worth $42.6 million in the company through Soros Fund Management. The stock is placed high among the best growth stocks to buy according to George Soros.

At the end of Q3 2022, Sierra Wireless, Inc. was a part of 29 investors’ portfolios that disclosed stakes of $556.9 million in the company. This is compared to 23 hedge funds in the preceding quarter with stakes worth $292.4 million. The hedge fund sentiment for the stock is positive.

In addition to Sierra Wireless, Inc., George Soros is betting big on Alphabet Inc., Amazon.com, Inc., and Salesforce, Inc..

5. indie Semiconductor, Inc. (NASDAQ:INDI)

Soros Fund Management’s Stake Value: $66,532,000

Percentage of Soros Fund Management’s 13F Portfolio: 1.13%

Number of Hedge Fund Holders: 18

indie Semiconductor, Inc. (NASDAQ:INDI) is a leading provider of automotive semiconductors and software solutions for advanced driver assistance systems, connected cars, user experience, and electrification applications. The stock is one of the top growth stocks on George Soros’ 13F portfolio. As of September 30, Soros Fund Management has a position worth $66.5 million in the company and the investment covers 1.13% of the fund’s 13F portfolio.

On November 10, indie Semiconductor, Inc. posted earnings for the third quarter of fiscal 2022 in which the company beat EPS estimates by $0.01. The company generated a revenue of $30.02 million, up 146.90% year over year and ahead of Wall Street consensus by $32,600. On November 22, Benchmark analyst Cody Acree maintained a Buy rating and his $17 price target on indie Semiconductor, Inc..

At the close of Q3 2022, indie Semiconductor, Inc. was a part of 18 investors’ portfolios that held collective stakes of $115.08 million in the company. This is compared to 15 positions in the previous quarter with stakes worth $65.3 million. The hedge fund sentiment for the stock is positive.

Here is what investment management company, Baron Funds, had to say about indie Semiconductor, Inc. in its third-quarter 2022 investor letter:

“indie Semiconductor, Inc. (NASDAQ:INDI) is a fabless designer, developer, and marketer of automotive semiconductors for advanced driver assistance systems and connected car, user experience, and electrification applications. We elected to take a tax loss on our prior position and have been rebuilding on recent weakness. We believe that the automotive semiconductor vertical is attractive as silicon content in cars increases over time from improving safety features and autonomous driving, electrification, and premiumization of interior and exterior features. Indie is a small but rapidly growing player in the automotive semiconductor space and has a multi-billion dollar contracted backlog, providing strong visibility to its revenue ramp in the coming years. Since coming public, the company has beaten expectations every quarter and is on track to turn profitable in 2023 and achieve targeted 60% gross and 30% operating margins by 2025. Indie’s management team has previously built a semiconductor company from the ground up, achieving a successful exit, giving us high confidence in their ability to execute their strategic plan with indie as well.”

4. Alphabet Inc. (NASDAQ:GOOG)

Soros Fund Management’s Stake Value: $96,941,000

Percentage of Soros Fund Management’s 13F Portfolio: 1.65%

Number of Hedge Fund Holders: 156

On October 25, Alphabet Inc. announced earnings for the fiscal third quarter of 2022. The company reported an EPS of $1.06 and generated a revenue of $69.09 billion. This November, Societe Generale analyst Christophe Cherblanc revised his price target on Alphabet Inc. to $132 from $147 and reiterated a Buy rating on the shares.

Alphabet Inc. is an innovator, pioneer, and overall tech behemoth, with free cash flows of $62.5 billion. The company is well-positioned to remain at the top of its industry and benefit from secular tailwinds in the artificial intelligence and cloud computing markets. The stock is ranked high among George Soros’ top growth stock picks. As of September 30, Soros Fund Management has a stake worth $96.9 million in Alphabet Inc..

At the close of Q3 2022, 156 hedge funds were bullish on Alphabet Inc. and disclosed positions worth $19.3 billion in the company.

Here is what Mayar Capital had to say about Alphabet Inc. in its third-quarter 2022 investor letter:

“In early January this year – which admittedly feels like eons ago – US President Joe Biden was pushing Americans to take up the government’s offer of free COVID tests to help tackle the surging omicron variant. How did Biden respond when citizens asked about the availability of these tests?

“Google it!”

This advice, undoubtedly well-meant, was roundly scoffed at by the press, however. It seemed too obvious to be very helpful.

Anyway, the anecdote serves to introduce you to one of our largest holdings, Alphabet; the parent company of Google. Note that first, Alphabet’s original and core product – its search engine – has entered our common vocabulary as a verb. ‘Googling’ something has the same meaning as ‘researching’ or ‘finding an answer to’ something. Second the reason Biden’s advice was met with such opprobrium was because Googling something has become almost second nature to us now.

These two observations reveal a lot about Google’s strength in the search engine market, in which it has a share of over 90 percent. Because internet search is almost the prototypical network, Google has benefitted from – and we think is also protected by – the huge competitive advantage its scale brings – both to those asking the questions and those providing the answers. The Google search platform becomes increasingly useful to anyone seeking information as a greater volume of stuff becomes available. This starts a virtuous cycle that results in a colossal market share for Google itself. In the language of business strategists, Google benefits from vast network effects.

Because Google’s search results are viewed by billions of eyeballs every day, its search page ‘real estate’ is understandably very valuable to those with goods and services to sell. Advertising revenues from this ‘real estate’ as well as that from its other properties such as Mail, Maps, and so on, totaled almost USD 150b in 2021; amounting to almost 58% of the company’s revenues. Ad sales on YouTube, also owned by Alphabet, brought in another USD 28b. With the secular shift of the advertising spend to digital channels – over which Alphabet has a tight grip – we estimate the company has a share of around 40% of the digital advertising market and is probably the most valuable advertising property in the world…” (Click here to see the full text)

3. Salesforce, Inc. (NYSE:CRM)

Soros Fund Management’s Stake Value: $97,463,000

Percentage of Soros Fund Management’s 13F Portfolio: 1.66%

Number of Hedge Fund Holders: 117

Salesforce, Inc. is a well-established leader in the customer relationship management (CRM) space, with a long history of providing reliable and innovative solutions to customers in a variety of industries. The company’s strong track record of success is evidenced by its impressive customer base, which includes some of the world’s most recognizable companies. As of September 30, Soros Fund Management has a stake worth $97.4 million in the company. The stock is one of the best growth stocks to buy according to billionaire George Soros.

On December 5, Citi analyst Tyler Radke revised his price target on Salesforce, Inc. to $164 from $170 and reiterated a Neutral rating on the shares. This December, Credit Suisse analyst Phil Winslow updated his price target on Salesforce, Inc. to $225 from $250 and maintained an Outperform rating on the shares.

At the end of Q3 2022, Salesforce, Inc. was a part of 117 hedge funds’ portfolios that held collective stakes of $8.21 billion in the company. This is compared to 116 positions in the previous quarter with stakes worth $7.90 billion. The hedge fund sentiment for the stock is positive.

Here is what Aristotle Atlantic Partners, LLC had to say about Salesforce, Inc. in its third-quarter 2022 investor letter:

“We sold Salesforce, Inc. (NYSE:CRM) to reduce our weighting in the Information Technology sector. Salesforce held their investor day, and the company reiterated their organic Fiscal Year 2026 revenue target of $50 billion. This target remains more back-end loaded based on current slowing macroeconomic conditions and requires new annual contract growth well ahead of what the company has been averaging for the past few years. We are skeptical that the company will be able to achieve this revenue target organically and see Merger & Acquisitions (M&A) being key to achieving the growth. While we believe Salesforce has shown good success in growing its non-CRM clouds, we do see more competitive pressures emerging for the Marketing and Customer Service Clouds, specifically on the pricing side during a global economic slowdown.”

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

Soros Fund Management’s Stake Value: $223,871,000

Percentage of Soros Fund Management’s 13F Portfolio: 3.82%

Number of Hedge Fund Holders: 269

On October 27, Amazon.com, Inc. posted strong earnings for the third quarter of fiscal 2022. The company generated a revenue of $127.10 billion, up 14.70% year over year. Amazon.com, Inc. reported an EPS of $0.28, outperforming consensus by $0.07. The stock is one of George Soros’ top growth stock picks and, as of September 30, Soros Fund Management’s stake in the company is valued at $223.8 million.

On December 1, Cowen analyst John Blackledge raised his price target on Amazon.com, Inc. to $160 from $150 and maintained an Outperform rating on the shares.

At the close of the third quarter of 2022, 269 hedge funds held stakes in Amazon.com, Inc.. The total value of these stakes amounted to $34.6 billion, up from $30 billion in the previous quarter with 252 positions. The hedge fund sentiment for the stock is positive.

Here is what Alger Capital had to say about Amazon.com, Inc. in its third-quarter 2022 investor letter:

“Amazon.com, Inc. (NASDAQ:AMZN) is a well-known online retailer and cloud computing leader. The company’s amazon web services business provides utility-scale cloud offerings that facilitate corporate America’s transition to digital systems. Shares outperformed during the quarter as investors were encouraged by strong second-quarter performance despite a challenging macroeconomic environment. Moreover, the company’s retail segment was resilient and avoided discounting inventory like some major retailers did. Revenues for the company’s cloud computing segment, amazon web services (AWS), grew faster than analysts’ estimates during the quarter due to continuing corporate demand for digitization. As a result, management provided better-than-expected forward guidance.”

1. Rivian Automotive, Inc. (NASDAQ:RIVN)

Soros Fund Management’s Stake Value: $538,408,000

Percentage of Soros Fund Management’s 13F Portfolio: 9.19%

Number of Hedge Fund Holders: 30

Rivian Automotive, Inc. (NASDAQ:RIVN) is on track to become a major player in the electric vehicle (EV) market. The company has the potential to disrupt the EV market with its innovative technology and first-mover advantage. George Soros is betting big on this EV maker. As of September 30, Soros Fund Management has a position worth $538.4 million in the company. The investment covers 9.19% of George Soros’ 13F portfolio.

On November 9, Rivian Automotive, Inc. posted earnings for the third quarter of fiscal 2022, in which it beat EPS expectations by $0.26. The company generated a revenue of $536 million, up 53,500% year over year. Wall Street is bullish on Rivian Automotive, Inc.. This November, Canaccord analyst George Gianarikas updated his price target on Rivian Automotive, Inc. to $55 from $61 and reiterated a Buy rating on the shares. On November 10, Deutsche Bank analyst Emmanuel Rosner revised his price target on Rivian Automotive, Inc. to $43 from $44 and maintained a Buy rating on the shares.

At the end of Q3 2022, Rivian Automotive, Inc. was spotted on 30 investors’ portfolios that held collective stakes of $1.96 billion in the company. This is compared to 35 positions in the previous quarter with stakes worth $1.59 billion.

Here is what Baron Funds had to say about Rivian Automotive, Inc. in its third-quarter 2022 investor letter:

“Rivian Automotive, Inc. (NASDAQ:RIVN) designs, manufactures, and sells consumer and commercial electric vehicles (EVs). Shares of Rivian were up 28% in the third quarter driven by second quarter production that beat expectations, a new partnership with Mercedes Benz, and the positive potential impact of the recently announced Inflation Reduction Act on accelerating broader EV adoption. While Rivian continues to be impacted by supply-chain issues that are causing delays in its production ramp, it is addressing the challenges by diversifying its supply chain to alleviate shortages while also consolidating the number of variants in development to reduce cash burn (the company guided that current cash will be enough to support the company’s future platform launch R2 in 2025). The company also recently reported stronger than-expected third quarter production results while reiterating its annual guidance of producing 25,000 units. As semiconductor shortages ease, we believe the company will be able to rapidly ramp its production. While we retain conviction in the shares given the company’s vision, product positioning, relationship with Amazon.com, and strong balance sheet, we have reduced the size of our position.”

You can also take a look at 13 Best Bear Market Stocks To Buy and 10 Stocks Under $50 To Buy.