Soros snaps up tech stocks in Q3, but dumps some of the biggest names, along with Rivian

According to a filing on Tuesday, the firm during the third quarter bought up 325,000 shares of chip designer Arm Holdings
ARM,
+3.37%,
which went public in September, for $17.4 million. It also bought smaller stakes in recent IPOs such as Maplebear Inc.
CART,
+1.25%,
better known as grocery-delivery platform Instacart, and digital-marketing firm Klaviyo Inc.
KVYO,
+6.90%.
Those purchases were disclosed as investors remain cautious on new IPOs.

Elsewhere, the fund took a new position, of around 41,000 shares, in Apple Inc.
AAPL,
+1.43%.
And it did so as well for Datadog Inc.
DDOG,
+4.58%,
buying 62,000 shares during the quarter. It also bought up 574,962 shares of Splunk, and took fresh positions in Snowflake Inc.
SNOW,
+4.51%
and Taiwan Semiconductor
TSM,
+2.58%.

Soros also packed on more to some of its other tech holdings. It added 125,000 shares to its stake in Uber Technologies Inc.
UBER,
+3.14%,
boosting its position by 16.6% for a total of 878,955 shares. It also bought 42,000 more shares of another gig-economy player, DoorDash Inc.
DASH,
+4.37%,
a 30.9% increase for 178,075 shares.

While Soros boosted its stake in General Motors
GM,
+4.83%,
it sold off its 4.2 million shares in Rivian
RIVN,
+4.39%.
The firm also sold off its positions — of roughly 10,000 shares apiece — in tech giants Microsoft
MSFT,
+0.98%
and Nvidia
NVDA,
+2.13%.

Soros Fund Management also sold off its stake in Walt Disney Co.
DIS,
+1.82%.