5 Best Stocks to Buy Now According to Billionaire George Soros

Below is the list of the 5 best stocks to buy now according to billionaire George Soros. If you want to read our comprehensive analysis of Soros’ investment philosophy, and hedge fund performance, read the 10 Best Stocks to Buy Now According to Billionaire George Soros.

5. QuantumScape Corporation (NYSE: QS)  

Number of Hedge Fund Holders: 29

Electric vehicle battery maker QuantumScape Corporation (NYSE: QS) is the fifth-largest stock holding of Soros fund Management. The firm held 3.3 million shares of QuantumScape at the end of the first quarter, representing 2.78% of the overall portfolio. Shares of QuantumScape fell sharply by 40% year to date.

Baron Funds, an asset management firm, highlighted a few stocks including QuantumScape Corporation in an investor letter. Here is what Baron Funds stated:

“QuantumScape Corporation is an early-stage developer of solid-state battery technology for electric vehicles aimed at improving key aspects of batteries, including safety, charging times, energy density, and cost. The company went public via a SPAC in November. After rapid appreciation, the stock came under pressure when the company raised additional capital to help accelerate its commercialization process. We exited our small position, as described below.

We sold QuantumScape Corporation, an early-stage solid-state electric vehicle battery innovator, because it was an undersized position with an ambitious valuation. We will continue to monitor QuantumScape’s developments and may revisit the company as an investment at a future point in time.”