There is different news for the crypto money world now. Billionaire George Soros, known for his polarizing views, has a track record of successful transactions that made a significant impact. The fund has averaged around 30% annual returns since its inception. So what’s in your investment portfolio?
Soros’ past and present investment choices: Cryptocurrency option
Soros has a history of making bold investment choices. Tesla Inc. started investing in it as early as 2018. He also entered the cryptocurrency market in the same year. Recent 13F filings reveal interesting new investments for the second half of 2023.
One of Soros’ latest moves is Rivian Automotive Inc. It is related to. This electric vehicle manufacturer went public in November 2021. Accordingly, it reached a valuation of more than $130 per share, exceeding $120 billion. However, the company’s valuation later fell below $20 billion. Despite this, financial statements for June 2023 showed remarkable growth with revenue increasing over 200% year over year, including a significant increase in net income. Soros’ fund seized this opportunity and purchased 608,000 shares of Rivian in the second quarter. This situation creates investment preferences other than crypto money.
Nio Inc: A stable stock
Soros Fund, Nio Inc. He also occupies an important position in the company. It also accounts for approximately 1.7% of the fund portfolio. Nio, a leading electric vehicle manufacturer, is attracting the attention of investors due to its innovative approach to electric vehicle technology. It has also become a stable player in the market.
Soros’ stance on cryptocurrencies is complex. However, MicroStrategy Inc. found an indirect way to engage with the industry through While MicroStrategy is not a direct Bitcoin investment, the company currently holds a significant amount of cryptocurrencies valued at over $4.53 billion. This led to a close correlation between MicroStrategy’s stock price and Bitcoin’s movements. The Soros Fund has allocated approximately $100 million to MicroStrategy. It also currently represents about 1.6% of the fund portfolio.
Horizon Therapeutics PLC and Liberty Broadband Corp: Strategic diversification
Soros didn’t just take part in the cryptocurrency world. Soros’ investment strategy also extends to the pharmaceutical and telecommunications sectors. Looking at Cryptokoin.com, Horizon Therapeutics’ Amgen Inc. Despite ongoing legal challenges related to its acquisition by Soros Fund, the Soros Fund has purchased more than 3.3 million shares of the pharmaceutical company, making it the largest single stock in the fund’s portfolio. Similarly, the Soros Fund holds 1.4 million shares of Liberty Broadband Corp, the parent company of Charter Communications Inc, even though the stock is down 52% from its September 2021 high.
The changing investment environment of Soros, which also entered the crypto money world
George Soros continues to make strategic investment decisions that reflect his unique perspective. His entry into the world of cryptocurrencies shows this. In addition, the fund’s latest moves cover sectors ranging from electric vehicles to pharmaceuticals and telecommunications. Accordingly, it shows that it has a versatile portfolio.
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