5 New Stock Picks of Billionaire George Soros

1. Rivian Automotive, Inc. (NASDAQ:RIVN)

Soros Fund Management’s Stake Value: $2,056,770,000

Percentage of Soros Fund Management’s 13F Portfolio: 28.14%

Number of Hedge Fund Holders: N/A

Rivian Automotive, Inc. (NASDAQ:RIVN) is the largest holding in the fourth quarter portfolio of Soros Fund Management, with the firm acquiring 19.8 million shares of Rivian Automotive, Inc. (NASDAQ:RIVN) in Q4, worth more than $2 billion, representing 28.14% of the total 13F securities for the period. 

Rivian Automotive, Inc. (NASDAQ:RIVN) is a California-based manufacturer of electric adventure vehicles, focusing mainly on pickup trucks and sports utility vehicles. 

JPMorgan analyst Ryan Brinkman lowered the price target on Rivian Automotive, Inc. (NASDAQ:RIVN) on January 26 to $84 from $104 and kept a Neutral rating on the shares. The analyst slightly lowered expectations for Q4 Rivian units to $800 from $900, but the reduction in the price target is a consequence of a higher assumed discount rate.

Here is what Greenlight Capital has to say about Rivian Automotive, Inc. (NASDAQ:RIVN) in its Q4 2021 investor letter:

“We made a material gain in Rivian (RIVN) as a result of its IPO. We met RIVN’s sponsors in 2018 as part of our continued work on electric vehicles, and were favorably impressed by their technology and discipline. In mid-2020, we made a small investment at a $10 billion valuation. In November, RIVN went public at a $70 billion valuation and traded to a peak valuation of $162 billion. We hedged in the options market to lock in a minimum valuation of about $120 billion for a good chunk of our position. While we are believers in the company, we did not have material exposure at year end.”

You can also take a look at Morgan Stanley’s Top 10 Stock Picks for 2022 and 15 Worst Stock Picks of Cathie Wood.

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