{"id":84571,"date":"2023-11-14T19:35:04","date_gmt":"2023-11-15T00:35:04","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/soros-snaps-up-tech-stocks-in-q3-but-dumps-some-of-the-biggest-names-along-with-rivian\/"},"modified":"2023-11-14T19:35:06","modified_gmt":"2023-11-15T00:35:06","slug":"soros-snaps-up-tech-stocks-in-q3-but-dumps-some-of-the-biggest-names-along-with-rivian","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84571","title":{"rendered":"Soros snaps up tech stocks in Q3, but dumps some of the biggest names, along with Rivian"},"content":{"rendered":"
\n

Soros Fund Management, the investment firm founded by billionaire George Soros, took new positions or bulked up on IPOs and a number of tech names during the third quarter. <\/p>\n

But it sold off small holdings of some of the largest \u2014 like Nvidia Corp. and Microsoft Corp. \u2014 as well as electric-vehicle maker Rivian Automotive. <\/p>\n

\n

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

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

Soros also packed on more to some of its other tech holdings. It added 125,000 shares to its stake in Uber Technologies Inc.
\n UBER,
\n +3.14%<\/bg-quote>,<\/span>
\n 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.
\n DASH,
\n +4.37%<\/bg-quote>,<\/span>
\n a 30.9% increase for 178,075 shares. <\/p>\n

While Soros boosted its stake in General Motors
\n GM,
\n +4.83%<\/bg-quote>,<\/span>
\n it sold off its 4.2 million shares in Rivian
\n RIVN,
\n +4.39%<\/bg-quote>.<\/span>
\n The firm also sold off its positions \u2014 of roughly 10,000 shares apiece \u2014 in tech giants Microsoft
\n MSFT,
\n +0.98%<\/bg-quote>
\n and Nvidia
\n NVDA,
\n +2.13%<\/bg-quote>.<\/span>\n <\/p>\n

Soros Fund Management also sold off its stake in Walt Disney Co.
\n DIS,
\n +1.82%<\/bg-quote>.<\/span>\n <\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Soros Fund Management, the investment firm founded by billionaire George Soros, took new positions or bulked up on IPOs and a number of tech names during the third quarter. But it sold off small holdings of some of the largest \u2014 like Nvidia Corp. and Microsoft Corp. \u2014 as well as electric-vehicle maker Rivian Automotive. […]<\/p>\n","protected":false},"author":1,"featured_media":84572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-84571","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nSoros snaps up tech stocks in Q3, but dumps some of the biggest names, along with Rivian | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Soros Fund Management, the investment firm founded by billionaire George Soros, took new positions or bulked up on IPOs and a number of tech names during\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=84571\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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