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2023-02-15

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George Soros Loads up on Tesla and These Other Beaten-Down Stocks

Soros Fund Management boosted its stake in Tesla, Peloton, took new positions in Carvana, GM, crypto

George Soros Loads up on Tesla and These Other Beaten-Down Stocks

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Tesla stock crept 0.2% higher after hours on Monday.</p><p>The move came as more analysts have grown frustrated with Tesla&#39;s chief executive, Elon Musk, following his purchase of Twitter in October. Many on Wall Street viewed that acquisition as a distraction from running Tesla, which faces major questions about competition.</p><p>But Tesla, and Musk, loomed over Soros&#39; moves in other ways. During the quarter, the fund also bought 500,000 shares of Cathie Wood&#39;s Ark Innovation ETF <a href=\"https://laohu8.com/S/ARKK\">$(ARKK)$</a>, whose biggest holding is Tesla, and whose value sank through 2022.</p><p>However, as Musk prepared to take the reins at Twitter, the filing shows that Soros cashed out his position in the social-media platform during the fourth quarter. Over that time, he also unloaded his position in pandemic-era staple Zoom Video Communications Inc. (ZM).</p><p>Elsewhere, Soros loaded up on other embattled companies.</p><p>The fund acquired more than 83 million shares in fitness-bike maker Peloton Interactive Inc. <a href=\"https://laohu8.com/S/PTON\">$(PTON)$</a> for a nearly 370% increase in the fund&#39;s stake in the company, a onetime gainer from a surge in at-home workouts during the pandemic. He also took a new stake in struggling used-car seller <a href=\"https://laohu8.com/S/CVNA\">Carvana Co.</a> (CVNA), as well as a new stake  in Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a>, snapping up more than 83 million shares. Those shares took a big hit following its earnings report last week. Soros also hiked his stake in Uber Technologies Inc. <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a>.</p><p>Soros also took more of an interest in crypto plays, after risk-averse investors backed away from the sector. The fund took a new stake of nearly 40 million shares in Marathon Digital Holdings <a href=\"https://laohu8.com/S/MARA\">$(MARA)$</a>, and acquired 17.2 millions shares of <a href=\"https://laohu8.com/S/SQ2.AU\">Block Inc</a>. <a href=\"https://laohu8.com/S/SQ\">$(SQ)$</a>. It took a smaller stake in crypto-friendly bank <a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a> Corp. (SI) and also boosted its stakes in MicroStrategy Inc. <a href=\"https://laohu8.com/S/MSTR.AU\">$(MSTR.AU)$</a>.</p><p>The filing also showed new stakes in big financial names $Capital One Financial Corp(COF-N)$. <a href=\"https://laohu8.com/S/COF\">$(COF)$</a>, Citigroup Inc. (C) and Discover Financial Services <a href=\"https://laohu8.com/S/DFS\">$(DFS)$</a>. Within autos, Soros Fund Management raised its stake in Ford Motor Co. <a href=\"https://laohu8.com/S/F\">$(F)$</a> by 6.4% to 83 million shares. The fund also acquired 500,000 shares of General Motors Co. <a href=\"https://laohu8.com/S/GM\">$(GM)$</a>.</p><p>The fund also fattened its stake in online craft marketplace Etsy Inc. <a href=\"https://laohu8.com/S/ETSY\">$(ETSY)$</a> and media giant Walt Disney Co. <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a>, which is awash in drama over Chief Executive Bob Iger&#39;s return, activist pressure, layoffs and restructuring.</p><p>The fund also bought millions of shares for a new stake in cloud-software provider Fastly <a href=\"https://laohu8.com/S/FSLY\">$(FSLY)$</a>, whose shares finished 27% higher on Monday following an upgrade from analysts at BofA.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>George Soros Loads up on Tesla and These Other Beaten-Down Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGeorge Soros Loads up on Tesla and These Other Beaten-Down Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-02-14 20:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Soros Fund Management boosted its stake in Tesla, Peloton, took new positions in Carvana, GM, crypto names, and dumped <a href=\"https://laohu8.com/S/ZM\">Zoom</a> and Twitter in fourth quarter</p><p>Even as shares of Tesla Inc. sank last year, billionaire investor George Soros appeared to find something to like in the electric-vehicle maker -- and some other beaten-down names -- as the year came to a close.</p><p>His Soros Fund Management scooped up 242,399 shares of Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> during the fourth quarter, according to a filing on Monday, a roughly 270% increase, bringing the fund&#39;s total holdings to 332,046 Tesla shares. Tesla stock crept 0.2% higher after hours on Monday.</p><p>The move came as more analysts have grown frustrated with Tesla&#39;s chief executive, Elon Musk, following his purchase of Twitter in October. Many on Wall Street viewed that acquisition as a distraction from running Tesla, which faces major questions about competition.</p><p>But Tesla, and Musk, loomed over Soros&#39; moves in other ways. During the quarter, the fund also bought 500,000 shares of Cathie Wood&#39;s Ark Innovation ETF <a href=\"https://laohu8.com/S/ARKK\">$(ARKK)$</a>, whose biggest holding is Tesla, and whose value sank through 2022.</p><p>However, as Musk prepared to take the reins at Twitter, the filing shows that Soros cashed out his position in the social-media platform during the fourth quarter. Over that time, he also unloaded his position in pandemic-era staple Zoom Video Communications Inc. (ZM).</p><p>Elsewhere, Soros loaded up on other embattled companies.</p><p>The fund acquired more than 83 million shares in fitness-bike maker Peloton Interactive Inc. <a href=\"https://laohu8.com/S/PTON\">$(PTON)$</a> for a nearly 370% increase in the fund&#39;s stake in the company, a onetime gainer from a surge in at-home workouts during the pandemic. He also took a new stake in struggling used-car seller <a href=\"https://laohu8.com/S/CVNA\">Carvana Co.</a> (CVNA), as well as a new stake  in Lyft Inc. <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a>, snapping up more than 83 million shares. Those shares took a big hit following its earnings report last week. Soros also hiked his stake in Uber Technologies Inc. <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a>.</p><p>Soros also took more of an interest in crypto plays, after risk-averse investors backed away from the sector. The fund took a new stake of nearly 40 million shares in Marathon Digital Holdings <a href=\"https://laohu8.com/S/MARA\">$(MARA)$</a>, and acquired 17.2 millions shares of <a href=\"https://laohu8.com/S/SQ2.AU\">Block Inc</a>. <a href=\"https://laohu8.com/S/SQ\">$(SQ)$</a>. It took a smaller stake in crypto-friendly bank <a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a> Corp. (SI) and also boosted its stakes in MicroStrategy Inc. <a href=\"https://laohu8.com/S/MSTR.AU\">$(MSTR.AU)$</a>.</p><p>The filing also showed new stakes in big financial names $Capital One Financial Corp(COF-N)$. <a href=\"https://laohu8.com/S/COF\">$(COF)$</a>, Citigroup Inc. (C) and Discover Financial Services <a href=\"https://laohu8.com/S/DFS\">$(DFS)$</a>. Within autos, Soros Fund Management raised its stake in Ford Motor Co. <a href=\"https://laohu8.com/S/F\">$(F)$</a> by 6.4% to 83 million shares. The fund also acquired 500,000 shares of General Motors Co. <a href=\"https://laohu8.com/S/GM\">$(GM)$</a>.</p><p>The fund also fattened its stake in online craft marketplace Etsy Inc. <a href=\"https://laohu8.com/S/ETSY\">$(ETSY)$</a> and media giant Walt Disney Co. <a href=\"https://laohu8.com/S/DIS\">$(DIS)$</a>, which is awash in drama over Chief Executive Bob Iger&#39;s return, activist pressure, layoffs and restructuring.</p><p>The fund also bought millions of shares for a new stake in cloud-software provider Fastly <a href=\"https://laohu8.com/S/FSLY\">$(FSLY)$</a>, whose shares finished 27% higher on Monday following an upgrade from analysts at BofA.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0097036916.USD":"贝莱德美国增长A2 USD","BK4511":"特斯拉概念","BK4116":"互联网服务与基础架构","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4141":"半导体产品","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4574":"无人驾驶","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1548497426.USD":"安联环球人工智能AT Acc","BK4099":"汽车制造商","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4551":"寇图资本持仓","BK4581":"高盛持仓","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4550":"红杉资本持仓","ZM":"Zoom","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0056508442.USD":"贝莱德世界科技基金A2","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","PTON":"Peloton Interactive, Inc.","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","GM":"通用汽车","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4527":"明星科技股","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4555":"新能源车","LU0082616367.USD":"摩根大通美国科技A（dist）","TSLA":"特斯拉","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4554":"元宇宙及AR概念","BK4585":"ETF&股票定投概念","CVNA":"Carvana Co.","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU2063271972.USD":"富兰克林创新领域基金","BK4548":"巴美列捷福持仓","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2311516272","content_text":"Soros Fund Management boosted its stake in Tesla, Peloton, took new positions in Carvana, GM, crypto names, and dumped Zoom and Twitter in fourth quarterEven as shares of Tesla Inc. sank last year, billionaire investor George Soros appeared to find something to like in the electric-vehicle maker -- and some other beaten-down names -- as the year came to a close.His Soros Fund Management scooped up 242,399 shares of Tesla $(TSLA)$ during the fourth quarter, according to a filing on Monday, a roughly 270% increase, bringing the fund's total holdings to 332,046 Tesla shares. Tesla stock crept 0.2% higher after hours on Monday.The move came as more analysts have grown frustrated with Tesla's chief executive, Elon Musk, following his purchase of Twitter in October. Many on Wall Street viewed that acquisition as a distraction from running Tesla, which faces major questions about competition.But Tesla, and Musk, loomed over Soros' moves in other ways. During the quarter, the fund also bought 500,000 shares of Cathie Wood's Ark Innovation ETF $(ARKK)$, whose biggest holding is Tesla, and whose value sank through 2022.However, as Musk prepared to take the reins at Twitter, the filing shows that Soros cashed out his position in the social-media platform during the fourth quarter. Over that time, he also unloaded his position in pandemic-era staple Zoom Video Communications Inc. (ZM).Elsewhere, Soros loaded up on other embattled companies.The fund acquired more than 83 million shares in fitness-bike maker Peloton Interactive Inc. $(PTON)$ for a nearly 370% increase in the fund's stake in the company, a onetime gainer from a surge in at-home workouts during the pandemic. He also took a new stake in struggling used-car seller Carvana Co. (CVNA), as well as a new stake  in Lyft Inc. $(LYFT)$, snapping up more than 83 million shares. Those shares took a big hit following its earnings report last week. Soros also hiked his stake in Uber Technologies Inc. $(UBER)$.Soros also took more of an interest in crypto plays, after risk-averse investors backed away from the sector. The fund took a new stake of nearly 40 million shares in Marathon Digital Holdings $(MARA)$, and acquired 17.2 millions shares of Block Inc. $(SQ)$. It took a smaller stake in crypto-friendly bank Silvergate Capital Corp. (SI) and also boosted its stakes in MicroStrategy Inc. $(MSTR.AU)$.The filing also showed new stakes in big financial names $Capital One Financial Corp(COF-N)$. $(COF)$, Citigroup Inc. (C) and Discover Financial Services $(DFS)$. Within autos, Soros Fund Management raised its stake in Ford Motor Co. $(F)$ by 6.4% to 83 million shares. The fund also acquired 500,000 shares of General Motors Co. $(GM)$.The fund also fattened its stake in online craft marketplace Etsy Inc. $(ETSY)$ and media giant Walt Disney Co. $(DIS)$, which is awash in drama over Chief Executive Bob Iger's return, activist pressure, layoffs and restructuring.The fund also bought millions of shares for a new stake in cloud-software provider Fastly $(FSLY)$, whose shares finished 27% higher on Monday following an upgrade from analysts at BofA.","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}