Top 5 Stocks in George Soros’ Stock Portfolio

In this article, we discuss the top 5 stocks in George Soros’ stock portfolio. To read the details on Soros’ life, investment philosophy, and his fund’s latest bets, go directly to the Top 12 Stocks in George Soros’ Stock Portfolio.

5. Liberty Broadband Corporation (NASDAQ:LBRDA)

Liberty Broadband Corporation (NASDAQ:LBRDA) is a Colorado-based holding company that operates cable, broadband, and mobile location technology businesses. It is one of the top stocks in George Soros’ stock portfolio.

On February 16, Liberty Broadband Corporation (NASDAQ:LBRDA) reported its FY23 earnings result with a GAAP EPS of $4.68. The revenue jumped 0.6% year-over-year (YoY) to $981 million, topping the estimates by $8.06 million.

According to Insider Monkey’s database, 19 hedge funds had investments in Liberty Broadband Corporation (NASDAQ:LBRDA)’s stock in the fourth quarter. With 6.177 million company shares worth $497.804 million, Robert Henry Lynch’s Aristeia Capital was the most significant investor in the firm.

Weitz Investment Management stated the following regarding Liberty Broadband Corporation (NASDAQ:LBRDA) in its fourth quarter 2023 investor letter:

“Liberty Broadband Corporation (NASDAQ:LBRDA), a holding company owning 31% of Charter Communications, Inc. (CHTR), joins CoreCard as a top detractor for the quarter. Shares slumped as Charter’s CFO commented at a recent conference that competition for new broadband subscribers remains elevated. Although most investors are singularly focused on current subscriber trends, we believe longer-term growth opportunities from the company’s footprint expansion and wireless businesses remain intact. Given the broad strength of equities, the Fund’s modest short of an SPDR S&P 500 ETF (SPY) drove negative returns for the quarter and calendar year.”

4. Novo Nordisk A/S (NYSE:NVO)

Novo Nordisk A/S (NYSE:NVO) is a Danish company that is engaged in developing, producing, and marketing pharmaceutical products.

On February 5, Novo Nordisk A/S (NYSE:NVO)’s parent company, Novo Holdings, announced that it would acquire Catalent, Inc. (NYSE:CTLT) in a deal worth $16.5 billion. After the acquisition is completed by year-end, the parent company will sell Catalent, Inc. (NYSE:CTLT)’s three ill-finish sites and other assets to the company.

On February 19, BofA raised the price target on Novo Nordisk A/S (NYSE:NVO)’s stock to DKK 975 from DKK 875 and kept a Buy rating on the shares.

Polen Capital commented on Novo Nordisk A/S (NYSE:NVO) in its fourth-quarter 2023 investor letter. Here is what it said:

“As we discussed in last quarter’s commentary, Novo Nordisk A/S (NYSE:NVO) is a newer addition to the strategy. Over the fourth quarter, we continued to build the position to an average weight. As a reminder, Novo Nordisk is a global pharmaceutical company based in Denmark and has long been the leader in developing insulin for diabetes patients. In recent years, the company’s innovation into GLP-1 drugs has been shown not only to help diabetics control blood sugar levels but also to have significant efficacy in weight loss. Obesity has become a global epidemic, creating materially negative knock-on effects for humans that range from an increase in cardiovascular events and, thus, higher mortality to a lower general quality of life. We believe that, over time, payors will recognize the value of these obesity treatments to both patients and the overall healthcare system.”

3. Alphabet Inc. (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) is a conglomerate holding company that invests in and runs different companies, including Google, Waymo, X Development, and others.

On February 23, Redburn Atlantic raised the price target on Alphabet Inc. (NASDAQ:GOOGL)’s stock to $170 from $165 and kept a Buy rating on the shares.

Over the last three months, 37 Wall Street analysts covered Alphabet Inc. (NASDAQ:GOOGL), and 29 kept a Buy rating on the stock. The average price target of $164.59 represented an upside of 20.68% as of the February 28 market close.

In the fourth quarter, 214 hedge funds held a stake in Alphabet Inc. (NASDAQ:GOOGL)’s stock at a combined stake value of $28.79 billion. Fisher Asset Management was the top investor and owned 45.22 million company shares worth $6.3 billion, representing 3.11% of the firm’s portfolio.

2. AerCap Holdings N.V. (NYSE:AER)

AerCap Holdings N.V. (NYSE:AER) is an aviation leasing company headquartered in Dublin, Ireland.

On February 21, AerCap Holdings N.V. (NYSE:AER) announced that it entered into a lease agreement with Thai Airways for seven widebody aircraft and ten Airbus A321NEO aircraft.

On February 23, AerCap Holdings N.V. (NYSE:AER) announced its Q4 non-GAAP EPS of $3.11, surpassing the analysts’ estimates by $0.66. The revenue of $1.9 billion grew 3.8% YoY.

O’keefe Stevens Advisory stated the following regarding AerCap Holdings N.V. (NYSE:AER) in its fourth quarter 2023 investor letter:

“Top picks for 2024 – Five Point Holdings, LLC (FPH) (FPH) and AerCap Holdings N.V. (NYSE:AER). Both situations are similar, with significant overhangs resolved in late 2023. Aercap acquired GECAS in 2021 for cash and stock. GE consistently sold their AER shares, creating heavy selling pressure. In addition, Aercaps planes on lease to Russian airlines were written off in 2022. Thus far, they received $1.2B in insurance recoverables, and ~$2B remains outstanding. Insurance proceeds provide substantial ammunition to aggressively repurchase shares. Ongoing engine and airplane production issues created a “hard market” for secondary transactions. Aercap continually sells planes and engines for over 1.2x carrying value, using proceeds to repurchase stock at or below book value. Note- at a couple of turns of leverage, this ROE is closer to 70%-80%. Repurchasing stock trading at 90% of BV is almost a 100% delta between private market transactions and the stock. That is one hell of a trade! With airlines scrambling for capacity, Aercap holds substantial bargaining power, driving higher rates and longer terms. Business is flying high.”

1. Splunk Inc. (NASDAQ:SPLK)

Splunk Inc. (NASDAQ:SPLK) is a California-based company that offers software products to its clients.

In Q4, Soros Fund Management increased its holdings in Splunk Inc. (NASDAQ:SPLK) by 175% to 1.58 million shares worth $240.713 million, representing 3.14% of the firm’s portfolio. It is the top stock pick in George Soros’ stock portfolio.

According to Insider Monkey’s database, 68 hedge funds had stakes worth $3.9 billion in Splunk Inc. (NASDAQ:SPLK)’s stock.

ClearBridge Investments mentioned Splunk Inc. (NASDAQ:SPLK) in its Q3 2023 investor letter. Here is what it said:

“Stock selection in the IT sector was the main detractor during the quarter, as the prospect of a higher-for-longer rate environment weighed on longer-duration, higher growth stocks. Despite these challenges, there were also strong positive contributions from Splunk Inc. (NASDAQ:SPLK) and AppLovin. Splunk’s price rallied on the news of its acquisition by Cisco, and investors applauded AppLovin’s new, AI-enabled platform which is improving productivity in its mobile games ad network.”

You can also look at the 25 Best Free Tech Newsletters to Subscribe to in 2024 and the 13 Best Environmental Dividend Stocks To Invest In According To Analysts.

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