Soros Fund Management

Q2 2024 13F · by Dawn Fitzpatrick, CIO

As of: Jun 30, 2024
Filed: Aug 14, 2024
US stock: $3.3B · prev $2.6B
Positions: 137 · prev 135
Options notional: $1.1B
Documents: 1· no amendments

Picture58.5% US stock

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

US stock listed on a US exchange 58.5%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 21.4%
Puts at notional value 14.3%
Calls at notional value 5.8%

Moves199 since the prior filing

+41.9 pp in · −39.6 pp out

New 48 +28.68 pp
Added 43 +13.24 pp
Trimmed 26 −18.96 pp
Exited 46 −20.63 pp

Options: 36 moves on a notional base, in the table below.

The book

Focused · behaves like 40 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 264% a year, about 0.4 years per position

Low
Moderate
High

Top 5 positions28% of US stock

SPY State Street SPDR S&P 500 ETF Trust new+7.52 pp new+7.527.5%
AZNN Astrazeneca Plc-spons ADR added+4.81 pp added+4.815.9%
0LW9 Westrock Co added+3.42 pp added+3.425.2%
GOOGL Alphabet Inc. Class A trimmed−3.66 pp trimmed−3.665.1%
AER Aercap Holdings N.V. trimmed−2.21 pp trimmed−2.214.5%

Positions137 in this filing · 46 exited


SPYState Street SPDR S&P 500 ETF Trust	7.52%	450,000	$245M	new	+7.52 pp	new
AZNNAstrazeneca Plc-spons ADR	5.87%	2,451,538	$191M	added×6.1	+4.81 pp	2 q
0LW9Westrock Co	5.16%	3,342,953	$168M	added×3.7	+3.42 pp	2 q
GOOGLAlphabet Inc. Class A	5.12%	914,942	$167M	trimmed−39%	−3.66 pp	21 q
AERAercap Holdings N.V.	4.46%	1,556,985	$145M	trimmed−21%	−2.21 pp	6 q
AXNXAxonics, Inc.	3.66%	1,774,842	$119M	added×6.0	+2.86 pp	2 q
CERECerevel Therapeutics Holdings, Inc.	2.70%	2,151,641	$88M	added+11%	−0.50 pp	2 q
CHXChampionX Corporation	2.51%	2,464,910	$82M	new	+2.51 pp	new
LBRDKLiberty Broadband Corporation Class C	2.34%	1,389,893	$76M	held	—	33 q
BABAAlibaba Group Holding Limited	2.27%	1,025,000	$74M	new	+2.27 pp	new
BKNGBooking Holdings Inc.	1.99%	16,337	$65M	trimmed−9%	−0.55 pp	8 q
SRCLStericycle Inc	1.96%	1,098,753	$64M	new	+1.96 pp	new
ACNAccenture PLC	1.87%	200,211	$61M	added×2.0	+0.55 pp	13 q
AMZNAmazon.Com Inc	1.73%	290,854	$56M	trimmed−26%	−1.06 pp	15 q
JJacobs Solutions Inc.	1.60%	373,033	$52M	added+6%	−0.51 pp	5 q
UBERUber Technologies, Inc.	1.56%	699,574	$51M	added+15%	−0.26 pp	9 q
CRHCRH Public Limited Company	1.39%	601,650	$45M	trimmed−24%	−1.28 pp	4 q
Nextera Energy Incconvertible	1.36%	900,000	$44M	new	+1.36 pp	new
ECHOEchoStar Corporation	1.33%	2,434,837	$43M	added×13.0	+1.23 pp	2 q
EMXCiShares MSCI Emerging Markets ex China ETF	1.17%	642,500	$38M	held	—	6 q
MRKMerck & Co., Inc.	1.14%	300,000	$37M	added+71%	+0.24 pp	3 q
JDJD.com, Inc.	1.01%	1,275,000	$33M	new	+1.01 pp	new
CBOECboe Global Markets, Inc.	0.99%	189,970	$32M	trimmed−8%	−0.49 pp	8 q
INSMInsmed, Inc.	0.97%	470,700	$32M	new	+0.97 pp	new
DHRDanaher Corporation	0.92%	120,000	$30M	added×2.4	+0.43 pp	2 q
IBKRInteractive Brokers Group, Inc. Class A	0.91%	242,551	$30M	added+2%	−0.13 pp	10 q
SMHVanEck Semiconductor ETF	0.88%	110,000	$29M	new	+0.88 pp	new
CSXCSX Corporation	0.87%	844,521	$28M	added+38%	−0.01 pp	6 q
NBIXNeurocrine Biosciences Inc	0.82%	194,776	$27M	added+22%	−0.04 pp	4 q
NKENike, Inc.	0.82%	352,320	$27M	added+13%	−0.32 pp	15 q
MUBiShares National Muni Bond ETF	0.79%	241,400	$26M	held	—	18 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.78%	146,850	$26M	added×4.3	+0.60 pp	4 q
DHID.R. Horton Inc.	0.77%	178,600	$25M	held	—	3 q
NVONovo-Nordisk A/S	0.77%	175,000	$25M	trimmed−78%	−3.23 pp	4 q
VIKViking Holdings Ltd	0.68%	650,000	$22M	new	+0.68 pp	new
DARDarling Ingredients Inc.	0.66%	581,556	$21M	added+32%	−0.14 pp	3 q
AAPLApple Inc.	0.65%	101,055	$21M	new	+0.65 pp	new
DASHDoorDash, Inc. Class A	0.65%	195,075	$21M	trimmed−13%	−0.56 pp	6 q
ULSUL Solutions Inc.	0.65%	500,000	$21M	new	+0.65 pp	new
GFLGFL Environmental Inc. Subordinate Voting Shares	0.64%	537,738	$21M	trimmed−7%	−0.14 pp	2 q
HUMHumana Inc.	0.63%	55,000	$21M	new	+0.63 pp	new
SMCISuper Micro Computer, Inc.	0.63%	24,898	$20M	new	+0.63 pp	new
ITRIItron Inc	0.60%	197,950	$20M	new	+0.60 pp	new
BSXBoston Scientific Corp.	0.59%	250,001	$19M	new	+0.59 pp	new
AIGAmerican International Group, Inc.	0.58%	252,900	$19M	added+29%	−0.02 pp	2 q
DXCMDexCom, Inc.	0.58%	166,800	$19M	added×3.3	+0.31 pp	4 q
AURAurora Innovation, Inc. Class A	0.57%	6,673,835	$18M	added+57%	+0.10 pp	2 q
KEYKeyCorp	0.57%	1,299,100	$18M	added+44%	+0.01 pp	3 q
FLUTFlutter Entertainment plc	0.56%	100,700	$18M	new	+0.56 pp	new
RNRRenaissanceRe Holdings Ltd.	0.56%	81,830	$18M	trimmed−15%	−0.32 pp	5 q
DDOGDatadog, Inc. Class A	0.54%	135,390	$18M	trimmed−4%	−0.14 pp	4 q
PCGPG&E Corporation	0.54%	1,000,000	$17M	trimmed−53%	−0.85 pp	2 q
VFHVanguard Financials ETF	0.54%	174,588	$17M	held	—	7 q
TEAMAtlassian Corporation Class A	0.51%	93,038	$16M	added+11%	−0.13 pp	7 q
HONHoneywell International, Inc.	0.51%	78,439	$17M	added+7%	−0.08 pp	4 q
INDIindie Semiconductor, Inc. Class A	0.51%	2,680,336	$17M	trimmed−15%	−0.37 pp	13 q
BGCBGC Group, Inc. Class A	0.50%	1,966,571	$16M	added0%	−0.09 pp	4 q
CRBGCorebridge Financial, Inc.	0.48%	534,000	$16M	added×2.8	+0.26 pp	3 q
KREState Street SPDR S&P Regional Banking ETF	0.48%	319,159	$16M	trimmed−27%	−0.37 pp	3 q
GSGoldman Sachs Group Inc.	0.47%	33,550	$15M	held	—	2 q
RUNSunrun Inc	0.46%	1,274,741	$15M	trimmed−39%	−0.61 pp	2 q
ALLThe Allstate Corporation	0.45%	91,470	$15M	trimmed−15%	−0.28 pp	4 q
SWTXSpringworks Therapeutics Inc	0.45%	385,000	$15M	added+89%	+0.06 pp	2 q
AMEAmetek, Inc.	0.43%	83,255	$14M	added+14%	−0.09 pp	8 q
ASNDAscendis Pharma A/S	0.42%	100,000	$14M	added×29.1	+0.40 pp	2 q
NSCNorfolk Southern Corp.	0.41%	62,161	$13M	added+43%	−0.02 pp	6 q
AAgilent Technologies Inc.	0.40%	100,000	$13M	new	+0.40 pp	new
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF	0.40%	120,734	$13M	trimmed−51%	−0.64 pp	2 q
BMRNBioMarin Pharmaceuticals Inc	0.39%	156,053	$13M	added0%	−0.14 pp	2 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.39%	25,001	$13M	new	+0.39 pp	new
CARRCarrier Global Corporation	0.38%	195,730	$12M	added×2.3	+0.19 pp	2 q
ISRGIntuitive Surgical Inc.	0.34%	25,000	$11M	trimmed−33%	−0.24 pp	3 q
JPMJPMorgan Chase & Co.	0.34%	54,600	$11M	added+58%	+0.07 pp	2 q
MKSIMKS Inc.	0.34%	85,914	$11M	new	+0.34 pp	new
LOARLoar Holdings Inc.	0.33%	200,000	$11M	new	+0.33 pp	new
NTRANatera, Inc.	0.33%	100,000	$11M	added+54%	+0.10 pp	4 q
TECKTeck Resources Limited	0.33%	225,500	$11M	trimmed−63%	−0.77 pp	4 q
MCHPMicrochip Technology Inc	0.32%	114,800	$11M	new	+0.32 pp	new
PRVAPrivia Health Group, Inc.	0.32%	600,000	$10M	added×2.7	+0.15 pp	4 q
ATIATI Inc.	0.30%	177,047	$10M	new	+0.30 pp	new
DDDuPont de Nemours, Inc.	0.29%	116,365	$9M	added+60%	+0.07 pp	2 q
EXKExact Sciences Corp	0.29%	225,000	$10M	new	+0.29 pp	new
BLDRBuilders FirstSource, Inc.	0.28%	66,198	$9M	new	+0.28 pp	new
EOLSEvolus, Inc.	0.28%	850,000	$9M	added+1%	−0.18 pp	3 q
DOCNDigitalOcean Holdings, Inc.	0.27%	250,000	$9M	added×2.4	+0.11 pp	2 q
HANHawaiian Holdings Inc	0.27%	700,000	$9M	added+4%	−0.08 pp	3 q
ONON Semiconductor Corp	0.27%	130,000	$9M	new	+0.27 pp	new
TXNTexas Instruments Incorporated	0.25%	42,000	$8M	new	+0.25 pp	new
AAMIAcadian Asset Management Inc.	0.24%	346,293	$8M	held	—	18 q
TDYTeledyne Technologies Incorporated	0.24%	19,859	$8M	added+94%	+0.07 pp	3 q
APGAPi Group Corporation	0.23%	200,000	$8M	new	+0.23 pp	new
SNYSanofi	0.22%	150,000	$7M	trimmed−54%	−0.40 pp	4 q
AVTRAvantor, Inc.	0.20%	300,000	$6M	trimmed−40%	−0.30 pp	3 q
AIRAAR Corp.	0.19%	82,930	$6M	added+50%	+0.06 pp	2 q
CMECME Group Inc.	0.18%	30,028	$6M	trimmed−35%	−0.21 pp	31 q
HEI.AHeico Corp Cl A	0.18%	33,800	$6M	new	+0.18 pp	new
EPDEnterprise Products Partners L.P.	0.17%	190,000	$6M	held	—	23 q
FCNCAFirst Citizens BancShares Inc	0.17%	3,333	$6M	held	—	5 q
WAYWaystar Holding Corp.	0.17%	250,000	$5M	new	+0.17 pp	new
GVAGranite Construction Inc.	0.15%	80,915	$5M	new	+0.15 pp	new
GRFSGrifois, S.A.	0.15%	752,000	$5M	new	+0.15 pp	new
BBOTBridgeBio Oncology Therapeutics, Inc.	0.15%	475,000	$5M	held	—	2 q
OKEOneok, Inc.	0.14%	54,493	$4M	held	—	4 q
PACSPACS Group, Inc.	0.14%	150,000	$4M	new	+0.14 pp	new
RBRKRubrik, Inc.	0.14%	153,000	$5M	new	+0.14 pp	new
SLNOSoleno Therapeutics, Inc.	0.14%	110,000	$4M	added+10%	−0.03 pp	2 q
HGHamilton Insurance Group, Ltd. Class B	0.13%	250,000	$4M	trimmed−39%	−0.09 pp	3 q
MUMicron Technology, Inc.	0.12%	30,600	$4M	new	+0.12 pp	new
WESWestern Midstream Partners, LP	0.12%	94,550	$4M	held	—	22 q
EWCiShares MSCI Canada ETF	0.11%	97,700	$4M	held	—	4 q
NTBThe Bank of N.T. Butterfield & Son Limited	0.11%	101,000	$4M	held	—	4 q
SYRESpyre Therapeutics, Inc.	0.10%	145,000	$3M	added×4.8	+0.06 pp	2 q
CCCCCC Intelligent Solutions Holdings Inc.	0.10%	300,000	$3M	new	+0.10 pp	new
KVUEKenvue Inc.	0.10%	186,000	$3M	held	—	4 q
SRESempra	0.10%	44,000	$3M	held	—	4 q
SVCOSilvaco Group, Inc.	0.10%	175,000	$3M	new	+0.10 pp	new
SNOWSnowflake Inc.	0.10%	25,000	$3M	new	+0.10 pp	new
BPBP p.l.c.	0.09%	85,000	$3M	held	—	3 q
LAZLazard, Inc.	0.09%	77,700	$3M	held	—	2 q
WBTNWEBTOON Entertainment Inc.	0.08%	120,000	$3M	new	+0.08 pp	new
AKAMAkamai Technologies Inc	0.07%	26,700	$2M	new	+0.07 pp	new
BOWBowhead Specialty Holdings Inc.	0.07%	85,000	$2M	new	+0.07 pp	new
URAGlobal X Uranium ETF	0.07%	75,000	$2M	trimmed−25%	−0.04 pp	2 q
PACBPacific Biosciences of California, Inc.	0.07%	1,698,000	$2M	added+4%	−0.17 pp	2 q
SOFISoFi Technologies, Inc.	0.06%	300,000	$2M	new	+0.06 pp	new
ETRNEquitrans Midstream Corporation	0.05%	134,201	$2M	held	—	17 q
SOLVSolventum Corporation	0.05%	30,000	$2M	added×3.0	+0.02 pp	2 q
ALTMArcadium Lithium PLC	0.05%	500,000	$2M	trimmed−50%	−0.12 pp	2 q
ALRMAlarm.com Holdings, Inc.	0.04%	20,880	$1M	new	+0.04 pp	new
GRALGRAIL, Inc.	0.04%	75,000	$1M	new	+0.04 pp	new
ABXAbacus Global Management, Inc.	0.03%	131,481	$1M	new	+0.03 pp	new
MQMarqeta, Inc. Class A	0.03%	200,000	$1M	new	+0.03 pp	new
SPSBState Street SPDR Portfolio Short Term Corporate Bond ETF	0.03%	32,000	$950,400	trimmed−43%	−0.03 pp	17 q
AVGOBroadcom Inc.	0.02%	365	$586,018	new	+0.02 pp	new
RAPPRapport Therapeutics, Inc.	0.02%	30,000	$697,800	new	+0.02 pp	new
XLFState Street Financial Select Sector SPDR ETF	0.02%	12,270	$504,420	held	—	3 q
HCPHashiCorp, Inc. Class A	0.00%	1	$34	new	0.00 pp	new
AELAmerican Equity Investment Life Holding Company	—	−1,919,302	—	exited	−4.21 pp	—
ARMKAramark	—	−2,059,000	—	exited	−2.61 pp	—
OKTAOkta, Inc. Class A	—	−426,326	—	exited	−1.74 pp	—
VSTSVestis Corporation	—	−1,361,212	—	exited	−1.02 pp	—
NETCloudflare, Inc. Class A, par value $0.001 per share	—	−185,356	—	exited	−0.70 pp	—
FXIiShares China Large-Cap ETF	—	−675,000	—	exited	−0.63 pp	—
HYGiShares iBoxx $ High Yield Corporate Bond ETF	—	−200,000	—	exited	−0.61 pp	—
MTDRMatador Resources Company	—	−225,000	—	exited	−0.59 pp	—
ALABAstera Labs, Inc.	—	−201,600	—	exited	−0.58 pp	—
REGNRegeneron Pharmaceuticals Inc	—	−15,000	—	exited	−0.56 pp	—
BTSGBrightSpring Health Services, Inc.	—	−1,101,554	—	exited	−0.47 pp	—
ZT0Viper Energy Inc-cl A	—	−313,850	—	exited	−0.47 pp	—
ARGXargenx SE	—	−30,000	—	exited	−0.46 pp	—
FCXFreeport-McMoran Inc.	—	−251,800	—	exited	−0.46 pp	—
REXRRexford Industrial Realty, Inc.	—	−225,000	—	exited	−0.44 pp	—
SNXTD SYNNEX Corporation	—	−100,000	—	exited	−0.44 pp	—
HHHHoward Hughes Holdings Inc.	—	−145,000	—	exited	−0.41 pp	—
CPECallon Petroleum Company	—	−250,000	—	exited	−0.35 pp	—
MPMP Materials Corp.	—	−585,209	—	exited	−0.33 pp	—
TSLXSixth Street Specialty Lending, Inc.	—	−370,000	—	exited	−0.31 pp	—
EWEdwards Lifesciences Corp	—	−75,000	—	exited	−0.28 pp	—
KOSKosmos Energy Ltd.	—	−1,200,409	—	exited	−0.28 pp	—
QQQInvesco QQQ Trust, Series 1	—	−15,000	—	exited	−0.26 pp	—
AYAtlantica Sustainable Infras	—	−350,000	—	exited	−0.25 pp	—
QCOMQualcomm Inc	—	−35,000	—	exited	−0.23 pp	—
GEGE Aerospace	—	−30,000	—	exited	−0.21 pp	—
MMM3M Company	—	−50,000	—	exited	−0.21 pp	—
SG7Sage Therapeutics Inc	—	−275,000	—	exited	−0.20 pp	—
CNQCanadian Natural Resources Limited	—	−100,000	—	exited	−0.15 pp	—
XHBState Street SPDR S&P Homebuilders ETF	—	−35,000	—	exited	−0.15 pp	—
SUSuncor Energy, Inc.	—	−100,000	—	exited	−0.14 pp	—
ALBAlbemarle Corporation	—	−25,000	—	exited	−0.13 pp	—
CCThe Chemours Company	—	−112,348	—	exited	−0.12 pp	—
AMBAAmbarella, Inc.	—	−60,000	—	exited	−0.12 pp	—
DXDynex Capital, Inc.	—	−214,626	—	exited	−0.10 pp	—
FDMT4D Molecular Therapeutics, Inc.	—	−62,500	—	exited	−0.08 pp	—
EQTEqt Corp	—	−50,001	—	exited	−0.07 pp	—
STVNStevanato Group S.p.A.	—	−45,000	—	exited	−0.06 pp	—
CRGYCrescent Energy Company	—	−99,990	—	exited	−0.05 pp	—
NEENextEra Energy, Inc.	—	−16,904	—	exited	−0.04 pp	—
PRGSProgress Software Corp (DE)	—	−14,120	—	exited	−0.03 pp	—
APLSApellis Pharmaceuticals, Inc.	—	−8,948	—	exited	−0.02 pp	—
MDGLMadrigal Pharmaceuticals, Inc.	—	−2,016	—	exited	−0.02 pp	—
SRPTSarepta Therapeutics,, Inc.	—	−3,956	—	exited	−0.02 pp	—
BOLDBoundless Bio, Inc.	—	−20,000	—	exited	−0.01 pp	—
UTHRUnited Therapeutics Corp	—	−1,054	—	exited	−0.01 pp	—

Other 13(f) securities

Options 18

Contract	% of notional	Shares	Notional
HYG PUT	17.21%	2,500,000	$193M
SPY PUT	14.57%	300,000	$163M
AAPL PUT	14.10%	750,000	$158M
COST PUT	7.59%	100,000	$85M
RIVN CALL	6.53%	5,450,000	$73M
TLT CALL	6.14%	750,000	$69M
SMH PUT	6.05%	260,000	$68M
OKTA CALL	5.01%	600,000	$56M
VAC CALL	3.92%	502,600	$44M
PDD PUT	3.56%	300,000	$40M
DOCN PUT	3.10%	1,000,000	$35M
TLT PUT	2.95%	360,000	$33M
QQQ PUT	2.14%	50,000	$24M
RPD CALL	1.88%	486,200	$21M
WOLF CALL	1.73%	850,000	$19M
CFLT CALL	1.32%	500,000	$15M
BL CALL	1.30%	300,000	$15M
HCP CALL	0.90%	300,000	$10M

Notes 22

Issue	% of notes	Principal	Value
Rivian Auto Inc	16.38%	198,436,000	$195M
Wayfair Inc	10.23%	134,450,000	$122M
Dish Network Corp	8.42%	138,250,000	$100M
Dropbox Inc	7.12%	90,750,000	$85M
Marriott Vacation Worldw	6.59%	84,754,000	$78M
Wolfspeed Inc	6.18%	131,500,000	$73M
Ncl Corporation Ltd	6.11%	59,800,000	$73M
Akamai Technologies Inc	5.74%	65,000,000	$68M
Wolfspeed Inc	5.37%	108,500,000	$64M
Lumentum Holdings Inc	5.19%	78,000,000	$62M
RAPID7 Inc	4.43%	58,500,000	$53M
Wolfspeed Inc	3.94%	52,000,000	$47M
Livongo Health	3.61%	45,000,000	$43M
Okta Inc	3.60%	45,250,000	$43M
Digitalocean Holdings	2.06%	29,000,000	$24M
Lumentum Holdings Inc	1.61%	21,250,000	$19M
Bentley Systems Inc	0.87%	10,500,000	$10M
Okta Inc	0.81%	10,500,000	$10M
Cloudflare Inc	0.69%	9,000,000	$8M
Snap Inc	0.67%	10,000,000	$8M
Unity Software Inc	0.30%	4,178,000	$4M
Enphase Energy Inc	0.08%	1,000,000	$913,390

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000902664-24-005131
SEC cross-check: SEC data set not published yet

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