5 New Stock Picks of Billionaire George Soros

3. Bowlero Corp. (NYSE:BOWL)

Soros Fund Management’s Stake Value: $84,788,000

Percentage of Soros Fund Management’s 13F Portfolio: 1.16%

Number of Hedge Fund Holders: N/A

Bowlero Corp. (NYSE:BOWL) is a New York-based company that operates bowling centers. Soros Fund Management acquired 9.40 million shares of Bowlero Corp. (NYSE:BOWL) in Q4 2021, valued at $84.78 million, representing 1.16% of the firm’s total 13F securities. 

In a press release on February 9, Bowlero Corp. (NYSE:BOWL) reported a Q2 net loss of C$34.5M. The company’s revenue came in at C$205.19 million, up 11% year-over-year,  outperforming estimates by C$7.29 million. On February 7, Bowlero Corp. (NYSE:BOWL) announced that its board of directors has approved a repurchase program for up to $200 million of its outstanding shares of Class A common stock and warrants through February 3. 

Woodson Capital Management held the leading stake in Bowlero Corp. (NYSE:BOWL) at the close of the third quarter of 2021, with 1.50 million shares worth roughly $15 million.