5 Growth Stocks in Billionaire George Soros’ Portfolio

In this article, we discuss 5 growth stocks in billionaire George Soros’ portfolio as of the end of the first quarter of 2022. If you want to read our analysis of Soros’ investment strategy amidst the current economic situation, go directly to 10 Growth Stocks in Billionaire George Soros’ Portfolio.

5. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 63

Soros Fund Management’s Holdings: $39,054,000

Percentage of Soros Fund Management’s Portfolio: 0.59%

Stock Price as of June 30: $192.60

Return since March 31: -13%

Accenture plc (NYSE:ACN) is an Irish-American corporation that provides professional services related to consulting and tax purposes.

Following the company’s Q3 FY22 results, Daniel Perlin at RBC Capital maintained an Overweight rating on Accenture plc (NYSE:ACN) stock with a target price of $357 in an investment note issued on June 24. The analyst noted that Accenture plc (NYSE:ACN) reported another stellar quarter with double-digit growth across all services, and the strong bookings momentum continued. The bookings increased by 10% YoY. However, due to the adverse foreign exchange impact along with the charge related to exiting Russian operations, Accenture plc (NYSE:ACN) was forced to narrow its EPS guidance towards the lower end. Accenture plc (NYSE:ACN) is viewed as one of the best IT services companies that have been able to balance growth via acquisitions and generate healthy capital returns.

Polen Capital shared its stance on Accenture plc (NYSE:ACN) in its Q1 2022 investor letter. Here’s what the firm said:

“Accenture’s business is firing on all cylinders and continue to enjoy an acceleration in their respective fundamentals because of the increase in digitization around the world. Nearly every company today is searching for ways to become more digital, and Accenture is positioned to provide many of the solutions these companies seek. This inflection in fundamentals was not lost on the market, and each business’s stock performed exceptionally well in 2021. In fact, they represented two of the three top absolute performers for the Global Growth Portfolio last year. As a result, its stock is currently more fully priced. As such, we lowered Accenture to an average weight. We maintain high conviction in the business and plan to own it for many years, but recognize the increase in their prices.”

Accenture plc (NYSE:ACN) was held by 63 hedge funds as of Q1 2022.