Soros Fund Management

Q3 2023 13F · by Dawn Fitzpatrick, CIO

As of: Sep 30, 2023
Filed: Nov 14, 2023
US stock: $3.0B · prev $2.3B
Positions: 122 · prev 87
Options notional: $2.2B
Documents: 1· no amendments

Picture43.0% US stock

Partial picture · of what this 13F reports is US stock

US stock listed on a US exchange 43.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 26.4%
Puts at notional value 16.3%
Calls at notional value 14.3%

Moves214 since the prior filing

+46.2 pp in · −43.8 pp out

New 71 +44.66 pp
Added 21 +1.49 pp
Trimmed 17 −22.99 pp
Exited 36 −20.78 pp

Options: 69 moves on a notional base, in the table below.

The book

Focused · behaves like 23 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 217% a year, about 0.5 years per position

Low
Moderate
High

Top 5 positions37% of US stock

HZNP Horizon Therapeutics PLC trimmed−2.00 pp trimmed−2.0012.6%
AIY Activision Blizzard Inc new+9.26 pp new+9.269.3%
GOOGL Alphabet Inc. Class A trimmed−1.27 pp trimmed−1.276.1%
unresolved Abcam Plc ADR new+4.62 pp new+4.624.6%
NVO Novo-Nordisk A/S new+4.58 pp new+4.584.6%

Positions122 in this filing · 36 exited


HZNPHorizon Therapeutics PLC	12.55%	3,289,584	$381M	trimmed−0%	−2.00 pp	4 q
AIYActivision Blizzard Inc	9.26%	3,000,001	$281M	new	+9.26 pp	new
GOOGLAlphabet Inc. Class A	6.06%	1,404,080	$184M	trimmed−1%	−1.27 pp	18 q
unresolvedAbcam Plc ADR	4.62%	6,183,749	$140M	new	+4.62 pp	new
NVONovo-Nordisk A/S	4.58%	1,525,830	$139M	new	+4.58 pp	new
LBRDKLiberty Broadband Corporation Class C	4.19%	1,389,893	$127M	held	—	30 q
AERAercap Holdings N.V.	3.84%	1,857,644	$116M	added×2.2	+1.54 pp	3 q
CRHCRH Public Limited Company	3.73%	2,066,479	$113M	new	+3.73 pp	new
AMZNAmazon.Com Inc	3.20%	764,061	$97M	trimmed−1%	−1.11 pp	12 q
SPLKSplunk Inc	2.77%	574,962	$84M	new	+2.77 pp	new
AELAmerican Equity Investment Life Holding Company	2.36%	1,335,737	$72M	new	+2.36 pp	new
FEZState Street SPDR EURO STOXX 50 ETF	1.90%	1,374,700	$58M	held	—	4 q
CBOECboe Global Markets, Inc.	1.71%	331,816	$52M	added+26%	+0.15 pp	5 q
DENDenbury Inc.	1.62%	502,682	$49M	new	+1.62 pp	new
BKNGBooking Holdings Inc.	1.42%	14,000	$43M	added+8%	−0.09 pp	5 q
UBERUber Technologies, Inc.	1.33%	878,955	$40M	added+17%	−0.07 pp	6 q
INTUIntuit Inc	1.25%	74,414	$38M	trimmed−19%	−0.55 pp	9 q
INDIindie Semiconductor, Inc. Class A	1.15%	5,519,100	$35M	added+85%	−0.06 pp	10 q
KWEBKraneShares CSI China Internet ETF	1.15%	1,274,821	$35M	added+9%	−0.20 pp	3 q
EMXCiShares MSCI Emerging Markets ex China ETF	1.06%	642,500	$32M	added+34%	−0.01 pp	3 q
unresolvedAramark	1.05%	1,274,725	$32M	new	+1.05 pp	new
LPLALPL Financial Holdings Inc.	1.05%	134,495	$32M	held	—	24 q
9991429DAptiv Irish Holdings Ltd	1.01%	309,416	$31M	trimmed−5%	−0.42 pp	14 q
ACNAccenture PLC	0.99%	97,862	$30M	added+18%	−0.11 pp	10 q
IWMiShares Russell 2000 ETF	0.94%	160,526	$28M	new	+0.94 pp	new
JJacobs Solutions Inc.	0.89%	197,116	$27M	added×7.6	+0.76 pp	2 q
MUBiShares National Muni Bond ETF	0.82%	241,400	$25M	held	—	15 q
TLTiShares 20+ Year Treasury Bond ETF	0.80%	275,000	$24M	new	+0.80 pp	new
LVSLas Vegas Sands Corp.	0.78%	517,000	$24M	new	+0.78 pp	new
NKENike, Inc.	0.75%	236,720	$23M	added+12%	−0.25 pp	12 q
RNRRenaissanceRe Holdings Ltd.	0.73%	111,300	$22M	trimmed−40%	−0.77 pp	2 q
IBKRInteractive Brokers Group, Inc. Class A	0.72%	253,131	$22M	held	—	7 q
GMGeneral Motors Company	0.67%	613,100	$20M	added+36%	−0.08 pp	2 q
FIVNFIVE9, Inc.	0.61%	285,400	$18M	new	+0.61 pp	new
MTNVail Resorts, Inc.	0.61%	83,000	$18M	added+5%	−0.24 pp	4 q
ARMArm Holdings plc	0.57%	325,000	$17M	new	+0.57 pp	new
DXCMDexCom, Inc.	0.57%	185,000	$17M	new	+0.57 pp	new
KVUEKenvue Inc.	0.57%	861,000	$17M	new	+0.57 pp	new
HYGiShares iBoxx $ High Yield Corporate Bond ETF	0.55%	225,000	$17M	added×3.0	+0.31 pp	3 q
CMECME Group Inc.	0.53%	80,928	$16M	held	—	28 q
CIThe Cigna Group	0.52%	55,000	$16M	new	+0.52 pp	new
VSTSVestis Corporation	0.49%	762,360	$15M	new	+0.49 pp	new
DOCNDigitalOcean Holdings, Inc.	0.48%	611,138	$15M	new	+0.48 pp	new
DASHDoorDash, Inc. Class A	0.47%	178,075	$14M	added+31%	+0.02 pp	3 q
VFHVanguard Financials ETF	0.46%	174,588	$14M	trimmed−12%	−0.23 pp	4 q
XLUState Street Utilities Select Sector SPDR ETF	0.45%	230,000	$14M	new	+0.45 pp	new
BGCBGC Group, Inc. Class A	0.44%	2,517,292	$13M	new	+0.44 pp	new
TECKTeck Resources Limited	0.41%	285,000	$12M	new	+0.41 pp	new
SNYSanofi	0.38%	215,000	$12M	new	+0.38 pp	new
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF	0.37%	110,000	$11M	trimmed−97%	−14.38 pp	4 q
LENLennar Corporation Class A	0.37%	100,000	$11M	added+65%	+0.04 pp	2 q
SNOWSnowflake Inc.	0.36%	71,800	$11M	new	+0.36 pp	new
FSLYFastly, Inc. Class A	0.35%	555,689	$11M	trimmed−44%	−0.33 pp	3 q
CSXCSX Corporation	0.34%	339,489	$10M	added+15%	−0.09 pp	3 q
HCAHCA Healthcare, Inc.	0.33%	41,000	$10M	new	+0.33 pp	new
XBIState Street SPDR S&P Biotech ETF	0.33%	137,000	$10M	new	+0.33 pp	new
FMCFMC Corporation	0.28%	128,862	$9M	added×2.2	+0.02 pp	5 q
NTRANatera, Inc.	0.26%	180,000	$8M	new	+0.26 pp	new
AALAmerican Airlines Group Inc.	0.23%	535,389	$7M	added+33%	−0.08 pp	2 q
AAPLApple Inc.	0.23%	41,233	$7M	new	+0.23 pp	new
DTDynatrace, Inc.	0.23%	149,000	$7M	new	+0.23 pp	new
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.23%	80,000	$7M	new	+0.23 pp	new
AAMIAcadian Asset Management Inc.	0.22%	346,326	$7M	added+41%	0.00 pp	15 q
ETEnergy Transfer LP	0.22%	477,750	$7M	held	—	20 q
AVGOBroadcom Inc.	0.20%	7,170	$6M	new	+0.20 pp	new
DTEDTE Energy Company	0.20%	60,000	$6M	new	+0.20 pp	new
LEGNLegend Biotech Corporation	0.20%	90,000	$6M	new	+0.20 pp	new
NBIXNeurocrine Biosciences Inc	0.20%	55,000	$6M	new	+0.20 pp	new
QCOMQualcomm Inc	0.20%	54,350	$6M	trimmed−27%	−0.18 pp	12 q
AMEAmetek, Inc.	0.19%	39,406	$6M	trimmed−16%	−0.14 pp	5 q
CNMCore & Main, Inc.	0.19%	200,000	$6M	new	+0.19 pp	new
DDOGDatadog, Inc. Class A	0.19%	62,000	$6M	new	+0.19 pp	new
DUKDuke Energy Corporation	0.19%	66,000	$6M	new	+0.19 pp	new
HONHoneywell International, Inc.	0.19%	30,526	$6M	new	+0.19 pp	new
NSCNorfolk Southern Corp.	0.19%	29,760	$6M	added+13%	−0.07 pp	3 q
SRESempra	0.19%	86,000	$6M	new	+0.19 pp	new
SOThe Southern Company	0.19%	90,000	$6M	new	+0.19 pp	new
PENPenumbra, Inc.	0.18%	22,500	$5M	new	+0.18 pp	new
EPDEnterprise Products Partners L.P.	0.17%	190,000	$5M	held	—	20 q
ALLThe Allstate Corporation	0.16%	43,500	$5M	new	+0.16 pp	new
NYCBFlagstar Bank, National Association	0.16%	440,000	$5M	new	+0.16 pp	new
SWAVShockwave Medical, Inc.	0.16%	25,000	$5M	new	+0.16 pp	new
FTVFortive Corporation	0.15%	62,728	$5M	trimmed−60%	−0.36 pp	5 q
TRINTrinity Capital Inc.	0.15%	327,220	$5M	new	+0.15 pp	new
MCKMcKesson Corporation	0.14%	10,000	$4M	new	+0.14 pp	new
PYPLPayPal Holdings, Inc.	0.14%	75,000	$4M	held	—	2 q
FCNCAFirst Citizens BancShares Inc	0.13%	2,900	$4M	held	—	2 q
TMUST-Mobile US, Inc.	0.13%	28,500	$4M	trimmed−67%	−0.39 pp	15 q
FTREFortrea Holdings Inc.	0.12%	125,000	$4M	new	+0.12 pp	new
BABAAlibaba Group Holding Limited	0.11%	40,000	$3M	trimmed−77%	−0.52 pp	2 q
EWCiShares MSCI Canada ETF	0.11%	97,700	$3M	new	+0.11 pp	new
MLTXMoonLake Immunotherapeutics Class A	0.11%	56,000	$3M	new	+0.11 pp	new
OKEOneok, Inc.	0.11%	54,494	$3M	new	+0.11 pp	new
PRVAPrivia Health Group, Inc.	0.11%	140,000	$3M	new	+0.11 pp	new
LNTAlliant Energy Corporation	0.10%	63,000	$3M	new	+0.10 pp	new
TEAMAtlassian Corporation Class A	0.10%	14,727	$3M	trimmed−63%	−0.19 pp	4 q
CMSCMS Energy Corporation	0.10%	55,000	$3M	new	+0.10 pp	new
DAYDayforce, Inc.	0.10%	46,456	$3M	new	+0.10 pp	new
ETREntergy Corporation	0.10%	32,000	$3M	new	+0.10 pp	new
EXCExelon Corporation	0.10%	77,000	$3M	new	+0.10 pp	new
RRXRegal Rexnord Corporation	0.10%	20,204	$3M	trimmed−37%	−0.11 pp	4 q
IMVTImmunovant, Inc.	0.09%	75,000	$3M	new	+0.09 pp	new
LTHMLivent Corporation	0.09%	140,000	$3M	new	+0.09 pp	new
OSKOshkosh Corp.	0.09%	30,000	$3M	new	+0.09 pp	new
NTBThe Bank of N.T. Butterfield & Son Limited	0.09%	101,000	$3M	new	+0.09 pp	new
WESWestern Midstream Partners, LP	0.08%	94,550	$3M	held	—	19 q
WECWEC Energy Group, Inc.	0.07%	25,000	$2M	new	+0.07 pp	new
WKWorkiva Inc.	0.07%	19,758	$2M	new	+0.07 pp	new
AEISAdvanced Energy Industries Inc	0.06%	17,500	$2M	new	+0.06 pp	new
HCPHashiCorp, Inc. Class A	0.06%	75,000	$2M	added+36%	0.00 pp	2 q
OPRAOpera Limited	0.05%	125,000	$1M	new	+0.05 pp	new
SPSBState Street SPDR Portfolio Short Term Corporate Bond ETF	0.05%	55,800	$2M	held	—	14 q
ETRNEquitrans Midstream Corporation	0.04%	134,200	$1M	held	—	14 q
8DTSquarespace Inc - Class A	0.04%	39,373	$1M	new	+0.04 pp	new
KVYOKlaviyo, Inc.	0.03%	23,000	$793,500	new	+0.03 pp	new
CARTMaplebear Inc.	0.03%	30,000	$890,700	new	+0.03 pp	new
GTGoodyear Tire & Rubber	0.02%	52,128	$647,951	new	+0.02 pp	new
TGANTransphorm, Inc.	0.02%	340,000	$754,800	trimmed−21%	−0.04 pp	7 q
unresolvedRayzebio Inc	0.01%	20,000	$444,000	new	+0.01 pp	new
LYFTLyft, Inc. Class A	0.00%	13,914	$146,654	new	0.00 pp	new
NMRANeumora Therapeutics, Inc.	0.00%	10,000	$141,100	new	0.00 pp	new
CPRICapri Holdings Limited	0.00%	2	$105	new	0.00 pp	new
PDCEPDC Energy, Inc.	—	−1,393,467	—	exited	−4.26 pp	—
RIVNRivian Automotive, Inc. Class A	—	−4,187,680	—	exited	−3.00 pp	—
OPHTIveric Bio Inc	—	−1,700,001	—	exited	−2.87 pp	—
ARMKAramark	—	−1,224,725	—	exited	−2.27 pp	—
2JEFocus Financial Partners-a	—	−558,461	—	exited	−1.26 pp	—
CECelanese Corporation	—	−246,881	—	exited	−1.23 pp	—
VMCVulcan Materials Company(Holding Company)	—	−118,798	—	exited	−1.15 pp	—
unresolvedCrh PLC	—	−350,000	—	exited	−0.84 pp	—
BGCPBGC Partners, Inc.	—	−2,717,292	—	exited	−0.52 pp	—
PXDPioneer Natural Resource Co.	—	−50,000	—	exited	−0.45 pp	—
KREState Street SPDR S&P Regional Banking ETF	—	−179,200	—	exited	−0.31 pp	—
ARESAres Management Corporation Class A	—	−52,100	—	exited	−0.22 pp	—
WEPMagellan Midstream Partners	—	−81,700	—	exited	−0.22 pp	—
unresolvedCorsair Partnering Corp	—	−500,054	—	exited	−0.22 pp	—
OKTAOkta, Inc. Class A	—	−71,049	—	exited	−0.21 pp	—
MBLYMobileye Global Inc. Class A	—	−119,429	—	exited	−0.20 pp	—
DISThe Walt Disney Company	—	−46,400	—	exited	−0.18 pp	—
NVDANvidia Corp	—	−10,000	—	exited	−0.18 pp	—
MSFTMicrosoft Corp	—	−10,001	—	exited	−0.15 pp	—
BFHBread Financial Holdings, Inc.	—	−86,500	—	exited	−0.12 pp	—
PTRAQProterra Inc	—	−2,315,201	—	exited	−0.12 pp	—
RKTRocket Companies, Inc.	—	−314,597	—	exited	−0.12 pp	—
SVVSavers Value Village, Inc.	—	−100,000	—	exited	−0.10 pp	—
IBBiShares Biotechnology ETF	—	−15,800	—	exited	−0.09 pp	—
GOOSCanada Goose Holdings Inc.	—	−100,000	—	exited	−0.08 pp	—
FIGSFIGS, Inc.	—	−200,000	—	exited	−0.07 pp	—
RPDRapid7, Inc.	—	−33,804	—	exited	−0.07 pp	—
TSEMTower Semiconductor Ltd	—	−31,801	—	exited	−0.05 pp	—
HDBHDFC Bank Limited	—	−11,818	—	exited	−0.04 pp	—
IBNICICI Bank Limited	—	−43,063	—	exited	−0.04 pp	—
MDBMongoDB, Inc. Class A	—	−2,500	—	exited	−0.04 pp	—
ITUBItau Unibanco Holding S.A.	—	−120,348	—	exited	−0.03 pp	—
AXIAYAxia Energia S/	—	−57,285	—	exited	−0.02 pp	—
INFYInfosys Limited	—	−25,245	—	exited	−0.02 pp	—
XLFState Street Financial Select Sector SPDR ETF	—	−12,270	—	exited	−0.02 pp	—
13WBlue Apron Holdings Inc-a	—	−24,999	—	exited	−0.01 pp	—

Other 13(f) securities

Options 53

Contract	% of notional	Shares	Notional
QQQ PUT	23.29%	1,400,000	$502M
TLT CALL	9.26%	2,250,000	$200M
IWM PUT	8.20%	1,000,000	$177M
SPLK CALL	4.07%	599,400	$88M
BABA CALL	4.03%	1,000,000	$87M
LQD CALL	3.55%	750,000	$77M
AYX CALL	3.08%	1,762,600	$66M
AAPL PUT	2.78%	350,000	$60M
XLU CALL	2.74%	1,000,000	$59M
PDD PUT	2.42%	532,000	$52M
NET CALL	2.05%	700,000	$44M
OKTA CALL	1.89%	500,000	$41M
XLE CALL	1.68%	400,000	$36M
NET PUT	1.46%	500,000	$32M
AVGO PUT	1.45%	37,500	$31M
W PUT	1.41%	500,000	$30M
PDD CALL	1.28%	282,000	$28M
KWEB CALL	1.27%	1,000,000	$27M
LEN PUT	1.17%	225,000	$25M
CPRI CALL	1.13%	464,300	$24M
FIVN PUT	1.04%	350,000	$23M
FOUR CALL	1.03%	400,000	$22M
XYZ CALL	1.03%	500,000	$22M
SE CALL	1.02%	500,000	$22M
U CALL	1.02%	700,000	$22M
DT PUT	0.98%	450,000	$21M
DAY PUT	0.94%	300,000	$20M
ARKK CALL	0.92%	500,000	$20M
RILY PUT	0.90%	474,700	$19M
AAL PUT	0.89%	1,500,000	$19M
WOLF PUT	0.88%	500,000	$19M
RPD CALL	0.85%	400,000	$18M
BL CALL	0.82%	320,000	$18M
SE PUT	0.82%	400,000	$18M
GM PUT	0.77%	500,000	$16M
MSTR PUT	0.76%	50,000	$16M
MSTR CALL	0.76%	50,000	$16M
CFLT CALL	0.69%	500,000	$15M
LITE PUT	0.63%	300,000	$14M
SNAP CALL	0.58%	1,400,000	$12M
DOCN PUT	0.56%	500,000	$12M
CPRI PUT	0.52%	214,300	$11M
DOCN CALL	0.47%	424,000	$10M
CFLT PUT	0.41%	300,000	$9M
XYZ PUT	0.41%	200,000	$9M
NCLH CALL	0.38%	500,000	$8M
JWN CALL	0.35%	500,000	$7M
INDI CALL	0.29%	1,000,000	$6M
LYFT PUT	0.29%	600,000	$6M
JWN PUT	0.21%	300,000	$4M
FSLY CALL	0.19%	208,900	$4M
DISH CALL	0.18%	650,000	$4M
WOLF CALL	0.18%	100,000	$4M

Notes 34

Issue	% of notes	Principal	Value
Sea Ltd	10.51%	244,511,000	$196M
Digitalocean Holdings	8.11%	196,518,000	$151M
Wayfair Inc	5.75%	129,950,000	$107M
Microstrategy Inc	5.55%	95,642,000	$103M
Lyft Inc	5.06%	102,100,000	$94M
Cloudflare Inc	4.97%	108,500,000	$92M
Dish Network Corp	4.88%	134,150,000	$91M
Snap Inc	4.58%	122,750,000	$85M
Confluent Inc	4.16%	94,500,000	$77M
Sea Ltd	4.10%	79,725,000	$76M
Peloton Interactive Inc	3.97%	97,500,000	$74M
RAPID7 Inc	3.94%	85,500,000	$73M
Unity Software Inc	3.65%	85,500,000	$68M
Microstrategy Inc	3.55%	94,485,000	$66M
Wolfspeed Inc	2.82%	77,000,000	$52M
Lumentum Holdings Inc	2.71%	69,000,000	$51M
Block Inc	2.60%	64,007,000	$48M
Ncl Corporation Ltd	2.54%	40,500,000	$47M
Splunk Inc	2.54%	50,000,000	$47M
Snap Inc	2.27%	48,187,000	$42M
Fastly Inc	2.10%	45,695,000	$39M
Blackline Inc	1.86%	40,000,000	$35M
SHIFT4 Payments Inc	1.86%	35,000,000	$35M
Livongo Health	0.98%	20,000,000	$18M
Lumentum Holdings Inc	0.96%	21,250,000	$18M
Acorda Therapeutics Inc	0.83%	27,951,000	$16M
Etsy Inc	0.77%	14,000,000	$14M
FIVE9 Inc	0.50%	10,000,000	$9M
Okta Inc	0.49%	10,500,000	$9M
Dayforce Inc	0.48%	10,000,000	$9M
Nio Inc	0.37%	7,830,000	$7M
Sunnova Energy Intl Inc	0.37%	11,000,000	$7M
Enphase Energy Inc	0.09%	2,000,000	$2M
Ringcentral Inc	0.09%	2,000,000	$2M

Source

Form: 13F-HR
Reading: 0 defects · 3 unresolved
Accession: 0000902664-23-005529
SEC cross-check: SEC data set not published yet

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