George Soros's fund places new bets on Apple, Broadcom

By Claudia Assis

Billionaire investor George Soros's investment fund placed new bets on Apple Inc. and other tech companies, but shied away from a couple of chip makers and ditched some big names in industrials in the quarter that ended June 30, according to a securities filing late Wednesday.

Besides the Apple (AAPL) stake, worth north of $160 million, Soros Fund Management LLC, the investment firm and family office linked to the billionaire philanthropist, also disclosed new investments in tech companies Broadcom Inc. (AVGO), Micron Technology (MU), Texas Instruments Inc. (TXN) and Super Micro Computer Inc. (SMCI).

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Not all chip makers found favor with Soros Fund Management, however: the firm sold off stakes in Qualcomm Inc. (QCOM) and Ambarella Inc. (AMBA). It also ditched fintech company Block Inc. (SQ).

Among industrials, it sold off stakes in 3M Co. (MMM) and Chemours Co. (CC).

Institutional investors holding more than $100 million in certain securities are required to disclose their positions within 45 days after the end of the quarter.

See also: Large money managers have to disclose their investments. Here's how to find them.

-Claudia Assis

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08-14-24 1719ET

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