SOROS FUND MANAGEMENT LLC

Value conviction ★Signal CIK 1029160
League rank
#12
in Value conviction · #6103 overall
Long book
$5.53B
Q1 2026
Positions
229
Top-10 weight
31%
concentration
Last quarter
+8.7%
SPY +14.8%
Turnover
61%
of book per quarter

Strategy in plain words

auto-generated from filings

SOROS FUND MANAGEMENT LLC is a high-conviction value investor, running a $5.53B US long book across 229 positions.

The portfolio is moderately concentrated (top 10 ≈ 31% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: AMAZON.COM INC, ELECTRONIC ARTS INC, NVIDIA CORP, TAIWAN SEMICONDUCTOR-SP ADR, ALPHABET INC-CL A.

Over the last 9 quarters its long book ran on average 1.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.6%
Q2 2024
+9.3%
Q3 2024
+0.1%
Q4 2024
-2.6%
Q1 2025
+12.0%
Q2 2025
+3.2%
Q3 2025
+2.2%
Q4 2025
-7.6%
Q1 2026
+8.7%

Sector allocation

Technology
25%
Other
14%
Financials
14%
Utilities
11%
Services media
10%
Consumer discretionary
10%
Industrials
7%
Healthcare
5%

Long book by quarter

$2.56B
Q1 2024
$3.26B
Q2 2024
$3.54B
Q3 2024
$4.00B
Q4 2024
$3.97B
Q1 2025
$3.75B
Q2 2025
$4.39B
Q3 2025
$5.61B
Q4 2025
$5.53B
Q1 2026

What does SOROS FUND own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AMZN AMAZON.COM INCConsumer discretionary1.9M$405.2M7.3%-17.5%
EA ELECTRONIC ARTS INCTechnology965.8K$196.9M3.6%+125.4%
NVDA NVIDIA CORPTechnology1.1M$187.2M3.4%+61.2%
GOOGL ALPHABET INC-CL ATechnology573.9K$165.0M3.0%-10.2%
LIN LINDE PLCMaterials259.9K$128.9M2.3%New
AAPL APPLE INCTechnology500.5K$127.0M2.3%+20.3%
TKO TKO GROUP HOLDINGS INCServices media604.2K$121.8M2.2%-4.9%
SDA SEALED AIR CORPServices media2.8M$115.7M2.1%+428.2%
SW SMURFIT WESTROCK PLCOther2.5M$100.4M1.8%+4.9%
GTLS CHART INDUSTRIES INCIndustrials470.1K$97.2M1.8%+64.6%
AM6 AMICUS THERAPEUTICS INC5.8M$83.2M1.5%+15.1%
IDA IDACORP INCUtilities577.3K$82.5M1.5%-1.3%
HON HONEYWELL INTERNATIONAL INCIndustrials358.1K$80.9M1.5%+403.9%
CMS CMS ENERGY CORPUtilities1.0M$80.2M1.5%-6.5%
MSFT MICROSOFT CORPTechnology212.0K$78.5M1.4%-19.4%
HO1 HOLOGIC INC1.0M$76.6M1.4%+15.6%
HTO H2O AMERICAUtilities1.2M$72.1M1.3%New
ITRI ITRON INCTechnology777.3K$69.7M1.3%+107.2%
KDK KODIAK AI INCTechnology9.8M$67.8M1.2%-2.0%
CRM SALESFORCE INCTechnology361.3K$67.4M1.2%-30.4%
PEN PENUMBRA INCHealthcare203.4K$66.8M1.2%New
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials133.3K$63.9M1.2%New
NEE NEXTERA ENERGY INCUtilities1.2M$60.4M1.1%New
WEC WEC ENERGY GROUP INCUtilities512.8K$59.4M1.1%+432.8%
MDLN MEDLINE INC-CL AHealthcare1.3M$57.2M1.0%-18.6%
KVUE KENVUE INCOther3.2M$54.4M1.0%+153.3%
CRBG COREBRIDGE FINANCIAL INCFinancials2.1M$50.9M0.9%+3.2%
BHF BRIGHTHOUSE FINANCIAL INCFinancials846.8K$50.7M0.9%+9.4%
WBS WEBSTER FINANCIAL CORPFinancials711.8K$49.4M0.9%New
T86 TRI POINTE HOMES INC1.0M$48.7M0.9%New
AVGO BROADCOM INCTechnology155.1K$48.0M0.9%+51.5%
K4F ONESTREAM INC1.8M$43.9M0.8%+454.6%
IBKR INTERACTIVE BROKERS GRO-CL AFinancials645.3K$43.3M0.8%-16.3%
APLSUSD APELLIS PHARMACEUTICALS INC1.1M$42.5M0.8%New
BGC BGC GROUP INC-AFinancials4.2M$41.1M0.7%+99.0%
XEL XCEL ENERGY INCUtilities508.4K$40.4M0.7%-30.5%
MCD MCDONALD'S CORPConsumer discretionary123.6K$38.4M0.7%New
VST VISTRA CORPUtilities244.3K$36.7M0.7%New
TEAM ATLASSIAN CORP-CL ATechnology535.5K$36.5M0.7%+86.7%
WWD WOODWARD INCIndustrials99.8K$35.7M0.6%-44.9%
SUNB SUNBELT RENTALS HOLDINGS INCServices media546.1K$35.5M0.6%New
AAMI ACADIAN ASSET MANAGEMENT INCFinancials648.8K$35.3M0.6%-12.0%
JPM JPMORGAN CHASE & COFinancials118.4K$34.8M0.6%+5366.9%
CRWV COREWEAVE INC-CL ATechnology439.4K$34.0M0.6%New
FIGR FIGURE TECHNOLOGY SOLUT-CL AFinancials1.0M$34.0M0.6%-52.3%
ULS UL SOLUTIONS INC - CLASS AServices media395.0K$33.9M0.6%-32.0%
DAWNGBX DAY ONE BIOPHARMACEUTICALS I1.5M$33.0M0.6%New
COF CAPITAL ONE FINANCIAL CORPFinancials180.1K$32.9M0.6%New
NATL NCR ATLEOS CORPTechnology730.3K$31.8M0.6%New
WBD WARNER BROS DISCOVERY INCCommunications1.1M$30.0M0.5%+628.4%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026263$9.12B canonicalSEC ↗
Q4 202513F-HRFeb 13, 2026244$8.63B canonicalSEC ↗
Q3 202513F-HRNov 14, 2025184$7.02B canonicalSEC ↗
Q2 202513F-HRAug 14, 2025202$7.97B canonicalSEC ↗
Q1 202513F-HRMay 15, 2025209$6.70B canonicalSEC ↗
Q4 202413F-HRFeb 14, 2025190$6.65B canonicalSEC ↗
Q3 202413F-HRNov 14, 2024177$6.92B canonicalSEC ↗
Q2 202413F-HRAug 14, 2024177$5.57B canonicalSEC ↗
Q1 202413F-HRMay 15, 2024193$6.02B canonicalSEC ↗