Top 5 Stocks Billionaire George Soros Just Bought

  1. Microchip Technology Incorporated (NASDAQ:MCHP)

Microchip Technology Incorporated (NASDAQ:MCHP) is the third and final chipmaker to make the list of top stocks bought by George Soros in Q3. The billionaire’s family office purchased 267,956 MCHP shares during the quarter, which were valued at $27.54 million at the end of September. Hedge funds piled into MCHP in droves in the second-half of 2019 but then fled the stock just as quickly once the pandemic hit.

In its Q4 2019 investor letter, Amana Funds praised Microchip Technology, which was one of its top performing stocks of 2019. It also anticipated strong future growth for the semiconductor industry, though it was uncertain of whether the rally would start in 2020 or 2021. MCHP shares have fully rebounded from their pandemic swoon, rising by 17% this year.