PXD - Soros Fund Management adds General Motors PayPal exits Salesforce in Q2

2023-08-11 16:54:27 ET

• Soros Fund Management, the hedge fund founded by billionaire investor George Soros, took new stakes in General Motors ( NYSE: GM ), with 449.8K shares, PayPal ( NASDAQ: PYPL ), with 75K shares, and Pioneer Natural Resources ( NYSE: PXD ), with 50K shares, during the second quarter, according to a 13F filing dated Friday.
• The fund exited its positions in Salesforce ( NYSE: CRM ), American Water Works ( NYSE: AWK ), Estée Lauder ( NYSE: EL ) and Teck Resources ( NYSE: TECK ).
• It boosted holdings in Amazon ( NASDAQ: AMZN ) to 769.1K shares from 706.6K, Rivian Automotive ( NASDAQ: RIVN ) to 4.19M from 3.58M, and Inuit ( NASDAQ: INTU ) to 91.4K from 70.4K.
• Reduced stakes in Qualcomm ( NASDAQ: QCOM ) to 74.4K from 104.4K, and indie Semiconductor ( NASDAQ: INDI ) to 2.99M from 3.24M.
• In Q1, Soros exited Tesla ( TSLA ) and added Netflix ( NFLX ).

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