George Soros’ Top 5 Holdings

In this article, we will look at the top 5 holdings of billionaire investor George Soros. If you want to read about George Soros’ investing philosophy and his hedge fund’s performance, you can go to George Soros’ Top 15 Holdings.

5. Aramark (NYSE:ARMK)

Soros Fund Management’s Stake Value: $139,988,360

Percentage of Soros Fund Management’s 13F Portfolio: 1.92%

Aramark (NYSE:ARMK) is a leading American food services company. The company has three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel. Aramark (NYSE:ARMK) is one of George Soros’ top stock picks.

On February 7, Aramark (NYSE:ARMK) posted earnings for the first quarter of fiscal 2023. The company reported an EPS of $0.41 and generated a revenue of $4.60 billion, up 16.53% year over year and ahead of consensus by $48.83 million.

This February, Deutsche Bank analyst Faiza Alwy updated her price target on Aramark (NYSE:ARMK) to $44 from $46 and maintained a Hold rating on the shares.

As of December 31, Soros Fund Management’s position in Aramark (NYSE:ARMK) is valued at $139.98 million. The investment covers 1.92% of George Soros’ 13F portfolio.

4. Alphabet Inc. (NASDAQ:GOOG)

Soros Fund Management’s Stake Value: $154,990,112

Percentage of Soros Fund Management’s 13F Portfolio: 2.13%

On February 10, Jefferies analyst Brent Thill maintained his $130 price target and a Buy rating on Alphabet Inc. (NASDAQ:GOOG). Over the past 3 months, the stock has received 10 Buy ratings from Wall Street analysts and has a consensus Strong Buy rating. Alphabet Inc. (NASDAQ:GOOG) has an average price target of $124.60 which represents an upside of 32.37% from its share price on February 14.

Alphabet Inc. (NASDAQ:GOOG) is among George Soros’ top 5 holdings. As of December 31, Soros Fund Management owns over 1.75 million shares of Alphabet Inc. (NASDAQ:GOOG) and has a stake worth $154.9 million in the company. The investment covers 2.13% of the fund’s 13F portfolio.

Here is what RiverPark Advisors had to say about Alphabet Inc. (NASDAQ:GOOG) in its fourth-quarter 2022 investor letter:

“Alphabet Inc. (NASDAQ:GOOG)t: Internet services leader Alphabet was a top detractor on market concerns about the global economic outlook. For its 3Q22 reported in October, the company reported disappointing advertising revenue, partially offset by better-than-expected results for its cloud business. The company reported third-quarter revenue of $69 billion, an increase of 6% year over year (11% on a currency neutral basis), with Google Services (mostly Advertising) up 2%, and Google Cloud up 38%.

With its high margin business model (25% operating margin last quarter), continued strength across its core Search and YouTube franchises, and emerging strength in its still relatively small Cloud business, we continue to view Alphabet as among the best-positioned secular growth franchises in the market. Additionally, GOOG shares trade at a compelling 13x the Street’s 2023 EPS estimate (which includes an approximate 10% earnings drag from losses in its Other Bets and Google Cloud segments), significant discounts to both the S&P 500, and the Russell 1000 Growth Index.”

3. First Horizon National Corporation (NYSE:FHN)

Soros Fund Management’s Stake Value: $209,131,584

Percentage of Soros Fund Management’s 13F Portfolio: 2.88%

On January 18, First Horizon National Corporation (NYSE:FHN) reported strong earnings for the fiscal fourth quarter of 2022. The company reported an EPS of $0.51 and outperformed EPS expectations by $0.03. The company’s revenue for the quarter amounted to $886 million, up 18.45% year over year, and outperformed Wall Street consensus by $2.77 million. As of February 14, First Horizon National Corporation (NYSE:FHN) has gained 38.81% over the past 12 months.

As of December 31, Soros Fund Management has a position worth $209.13 million in First Horizon National Corporation (NYSE:FHN). The investment covers 2.88% of George Soros’ 13F portfolio and is among the billionaire’s top 5 holdings.

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

Soros Fund Management’s Stake Value: $264,375,088

Percentage of Soros Fund Management’s 13F Portfolio: 3.64%

American EV maker Rivian Automotive, Inc. (NASDAQ:RIVN) is one of George Soros’ top stock picks. As of December 31, Soros Fund Management owns over 14.3 million shares of Rivian Automotive, Inc. (NASDAQ:RIVN) which amounts to a stake of $264.37 million. The investment covers 3.64% of George Soros’ 13F portfolio.

This January, Truist analyst Jordan Levy revised his price target on Rivian Automotive, Inc. (NASDAQ:RIVN) to $50 from $65 and maintained a Buy rating on the shares. As of February 14, the stock has gained 11.45% year to date.

Here is what Baron Funds had to say about Rivian Automotive, Inc. (NASDAQ:RIVN) in its fourth-quarter 2022 investor letter:

“Consumer Discretionary investments along with the lack of exposure to the strong performing Energy sector offset a portion of the above-mentioned gains. Within Consumer Discretionary, the underperformance of electric vehicle (EV) manufacturer Rivian Automotive, Inc. (NASDAQ:RIVN) coupled with lower exposure to this better performing sector hampered relative results. Rivian’s shares fell as investors fretted over the company’s unit economics and how macroeconomic uncertainty is impacting the EV industry.

Rivian Automotive, Inc. is an EV manufacturer producing vehicles for the consumer and corporate delivery van markets. Its shares were under pressure during the quarter. Investors remained focused on the company’s execution challenges, the implied unit economics for its vehicles, and near-term headwinds for the automotive industry stemming from a weaker global economy. Despite these headwinds, we are comfortable with Rivian’s liquidity position and its competitive position within the EV industry, which we believe will continue to grow at impressive rates. Rivian should also benefit from its positive product reviews, its integrated technology approach, and its industry partnerships.”

1. Horizon Therapeutics Public Limited Company (NASDAQ:HZNP)

Soros Fund Management’s Stake Value: $325,297,414

Percentage of Soros Fund Management’s 13F Portfolio: 4.48%

Horizon Therapeutics Public Limited Company (NASDAQ:HZNP) is a leading biotechnology company that is involved in the development and commercialization of medicines for rare, autoimmune, and severe inflammatory diseases. As of February 14, Horizon Therapeutics Public Limited Company (NASDAQ:HZNP) has gained 69.01% over the past 6 months. The stock is George Soros’ top stock pick.

Over the past 3 months, Horizon Therapeutics Public Limited Company (NASDAQ:HZNP) has received 2 Buy ratings and 7 Hold ratings from Wall Street analysts. The stock has an average price target of $121.14, which represents a potential upside of 10.43% from its share price on February 14.

As of December 31, Soros Fund Management owns more than 2.85 million shares of Horizon Therapeutics Public Limited Company (NASDAQ:HZNP). The fund’s stake in the company is valued at $325.29 million and the investment covers 4.48% of George Soros’ 13F portfolio.

Here is what Carillon Tower Advisers had to say about Horizon Therapeutics Public Limited Company (NASDAQ:HZNP) in its fourth-quarter 2022 investor letter:

“Horizon Therapeutics Public Limited Company (NASDAQ:HZNP) focuses primarily on the research, development, and marketing of late-stage biopharmaceutical products. Shares jumped after it was announced the company was in talks with a number of noteworthy players in the biopharmaceutical industry about a potential sale.”

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