Marketwatch headline: Tesla, Ford attract new investments from George Soros’s fund
Last Updated: Aug. 12, 2022 at 9:07 p.m. ET
Sub-headline: Famed investor’s fund also lightens up on Rivian
Last Updated: Aug. 12, 2022 at 9:07 p.m. ET
First Published: Aug. 12, 2022 at 5:40 p.m. ET
By Claudia Assis
https://www.marketwatch.com/story/tesla-ford-attract-new-inv…
Billionaire investor George Soros’s investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday.
The fund acquired 29.5 million shares of Ford F, +2.21% in the reporting period ended in June, the filing showed. It snapped up nearly 30,000 Tesla shares TSLA, +4.68% in a new position as well.
Bloomberg headline: Soros Reloads on Big Tech With Amazon, Google and New Tesla Bet
Soros Fund Management increased its holdings of big tech stocks ahead of their sharp rally in recent weeks, while adding more than $200 million in shares of American Campus Communities Inc.
George Soros’s investment firm bolstered its stakes in Amazon.com Inc., Salesforce Inc. and Alphabet Inc., among other large technology companies. All three rank among its top 10 holdings as of the end of June, according to a regulatory filing Friday.
The New York-based firm also added a new $20 million position in Elon Musk’s Tesla Inc., though that represents only about 0.4% of Soros’s $4.6 billion US equities portfolio, which fell $664 million in the second quarter. Other new additions included $168 million of Alleghany Corp. stock and $201.5 million in shares of American Campus, which Blackstone Inc. agreed to buy in April.