In this article, we discuss the top 14 long-term stock picks of billionaire George Soros.
George Soros is one of the most influential figures in finance, philanthropy, and global affairs. As the founder of Soros Fund Management and the Open Society Foundations, Soros has achieved monumental success as a hedge fund manager while using his wealth to champion democratic values, human rights, and social causes worldwide. Soros was born in Hungary during World War II, and his family survived Nazi occupation by securing false identities and hiding from persecution. In 1947, Soros fled Hungary and moved to England, where he studied at the London School of Economics. After graduating in 1952, Soros worked in various merchant banks before moving to the United States.
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Soros began his career in finance in New York City, where he gained experience in arbitrage and securities trading. In 1970, he founded Soros Fund Management, which later became the Quantum Fund, one of the most successful hedge funds in history. Between 1970 and 2000, the Quantum Fund generated an average annual return of over 30%, making it one of the best-performing funds in history. In 1992, Soros became famous as the man who broke the Bank of England. He bet against the British pound, anticipating that it would be devalued due to economic pressures. His position netted him a profit of $1 billion in a single day, cementing his status as a legendary investor. As of the end of the third quarter of 2024, his net worth is estimated at $7.2 billion. The 13F portfolio of his hedge fund is worth more than $6.9 billion.
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For this article, we selected stocks by combing through the 13F portfolio of Soros Fund Management at the end of the third quarter of 2024. Only the companies that have been in the 13F portfolio of the fund consistently for the past three years were selected. These stocks are also popular among other hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
Billionaire George Soros’ Long-Term Stock Picks
14. Western Midstream Partners, LP (NYSE:WES)
Number of Hedge Fund Holders: 5
Soros Fund Management’s Stake: $3.6 million
Western Midstream Partners, LP (NYSE:WES) is a midstream oil and gas master limited partnership. This company emerges as a prime investment opportunity for several reasons. First and foremost, as per the report of the third quarter of 2024, net income attributable to limited partners of $281.8 million generated third-quarter Adjusted EBITDA of $566.9 million. This demonstrates solid operational performance, as EBITDA measures a company’s profitability before interest, taxes, depreciation, and amortization. Secondly, the company has gathered natural gas and crude oil and NGLs throughput in the Delaware Basin of 1.9 Bcf/d and 246 MBbls/d, respectively, each representing a 2-percent sequential quarter increase. This reflects the company’s expansion in its operations and processing more resources than in the previous quarter. Moreover, the company aims to maintain strong operational performance and continued flow assurance for the customers, with system operability above 98%, despite multiple plant turnarounds in several of the core operating basins.
13. Enterprise Products Partners L.P. (NYSE:EPD)
Number of Hedge Fund Holders: 25
Soros Fund Management’s Stake: $5.5 million
Enterprise Products Partners L.P. (NYSE:EPD) is a midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. The following key aspects make this company a standout investment. Firstly, as per the report of the fourth quarter of 2024, the reported net income attributable to common unitholders was $1.4 billion, or $0.65 per unit on a fully diluted basis. This portrays that the company is effectively improving its earnings per unit, reflecting operational efficiency and potentially leading to increased returns for shareholders. Also, an 8% increase was observed compared to $1.3 billion, or $0.60 per unit on a fully diluted basis, for the third quarter of 2023, demonstrating positive financial health and the company’s ability to attract more capital. Secondly, the company declared a quarterly distribution of $0.54 per common unit, maintaining its commitment to returning value to unitholders. This unit repurchase program shows the company’s approach to capital management, which would further enhance unitholder value through these buybacks.
12. CME Group Inc. (NASDAQ:CME)
Number of Hedge Fund Holders: 63
Soros Fund Management’s Stake: $6.6 million
CME Group Inc. (NASDAQ:CME) empowers market participants worldwide to efficiently manage risk and capture opportunities by enabling clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data. This company presents a solid investment opportunity, supported by the following points. Firstly, the company’s ability to generate earnings is reflected in the report for the third quarter of 2024. As illustrated, net income was $913 million, and diluted earnings per common share were $2.50, which suggests effective management and the potential to lead to higher shareholder value through dividends or reinvestment strategies. Secondly, the company plans to launch physically delivered Hard Red Spring Wheat futures and options in early Q2 2025, pending regulatory approvals. Moreover, the company has also achieved a record international average daily volume of 7.8 million contracts in 2024, up 14% from 2023, highlighting its growing global presence and the increasing demand for its products.
11. Acadian Asset Management Inc. (NYSE:AAMI)
Number of Hedge Fund Holders: N/A
Soros Fund Management’s Stake: $8.8 million
Acadian Asset Management Inc. (NYSE:AAMI) is a global asset management holding company. This company is an excellent investment option for the following reasons. Firstly, as per the report of the fourth quarter of 2024, revenue generated was $123.1 million, showing an increase of 15% from the third quarter of the prior year. This shows a significant growth in its sales and its improved operational performance. Moreover, BrightSphere also plans to prioritize organic growth and share buybacks with a $72 million cash balance. The cash balance would ensure liquidity to support these strategies, signaling financial stability to investors.
10. indie Semiconductor, Inc. (NASDAQ:INDI)
Number of Hedge Fund Holders: 12
Soros Fund Management’s Stake: $10.3 million
indie Semiconductor, Inc. (NASDAQ:INDI) provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicles, in-cabin, connected cars, and electrification applications. The following key aspects make this company a standout investment. Firstly, the report for the third quarter of 2024 showed commendable financial growth. For instance, the revenue increased 3.1% sequentially to $54 million, above the mid-point of the outlook, with Non-GAAP gross margin up sequentially to 50.4%, showing improved financial performance. In addition, the company’s continued design-win momentum has been broad across the extensive product portfolio, particularly in vision and radar, which now comprise over 72% of Indie’s strategic backlog. This reflects strong demand and a clear focus on high growth, suggesting robust long-term revenue potential. Moreover, the company has announced a strategic investment in Expedera, a leading provider of scalable Neural Processing Unit (NPU) semiconductor intellectual property (IP). Through this partnership, indie will leverage Expedera’s NPU IP to develop innovative next-generation ADAS solutions with embedded artificial intelligence (AI) processing capabilities.
9. NIKE, Inc. (NYSE:NKE)
Number of Hedge Fund Holders: 75
Soros Fund Management’s Stake: $10.8 million
NIKE, Inc. (NYSE:NKE) markets athletic footwear and apparel. This company emerges as a prime investment opportunity for several reasons. First and foremost, as per the report for the fourth quarter of 2024, full-year revenues reported were $51.4 billion compared to $51.2 billion in the prior year, up 1% on a currency-neutral basis. This demonstrates modest growth despite currency fluctuations. Secondly, the company has set a sustainable goal for 2025 that aims to donate, refurbish, or recycle 10X more used or defective products than the company uses today. To achieve this, NIKE is making it easier for people to return their used products. Active in stores throughout the USA and Europe, the company is scaling Reuse-A-Shoe to stores in Greater China and re-energizing its operations. Moreover, the company is aiming to reduce 0.5M tons of greenhouse gas emissions by increasing the use of environmentally preferred materials to 50% of all key materials: polyester, cotton, leather and rubber.
8. Interactive Brokers Group, Inc. (NASDAQ:IBKR)
Number of Hedge Fund Holders: 52
Soros Fund Management’s Stake: $23.5 million
Interactive Brokers Group, Inc. (NASDAQ:IBKR) is an automated global electronic broker company that executes, processes, clears, and settles trades globally for both individual and institutional customers. This company presents a solid investment opportunity, supported by the following points. Firstly, impressive financial growth was witnessed in the fourth quarter of 2024. For instance, earnings per share (EPS) was $2.03, exceeding the forecast of $1.73 and revenue reached $1.39 billion, also surpassing the anticipated $1.29 billion. In addition, the firm added 217,000 new accounts in Q4, contributing to a total of 775,000 new accounts in 2024. It serves as a positive indicator as it reflects strong customer acquisition efforts and sustained growth throughout the year. Secondly, the company has launched ForecastEx, a platform allowing clients to trade contracts based on the outcomes of major economic events, including presidential and congressional elections. Moreover, the company has introduced significant enhancements to its web-based Advisor Portal, bringing advanced trading and portfolio management tools to financial advisors worldwide. This would streamline client account management and trading by integrating powerful features from the company’s flagship desktop platform into its web-based offering.
7. Accenture plc. (NYSE:ACN)
Number of Hedge Fund Holders: 60
Soros Fund Management’s Stake: $26.8 million
Accenture plc. (NYSE:ACN) is a professional services company that provides strategy and consulting, interactive, industry, and technology and operation services worldwide. There are several compelling factors that make this company a strong investment. Firstly, the report for the fourth quarter of 2024 showed strong growth both in the overall market and after accounting for currency fluctuations. For instance, total revenues were $16.4 billion, an increase of 3% compared to the previous year. GAAP operating margin was 14.3%, an increase of 230 basis points, which reflects improved profitability and operational efficiency. In addition, an adjusted operating margin of 15%, a 10 basis point increase, was recorded, signaling the company’s solid financial management and ability to generate higher returns. Secondly, Accenture is envisioning the future with its platforms, GenWizard, SynOps and AI Refinery, offering pre-built industry agents and workflows to accelerate the time needed to build and see value from specialized multiagent systems. Moreover, Accenture has unveiled a Generative AI Scholars Program with Stanford Online to help clients sharpen gen AI knowledge and skills.
6. Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)
Number of Hedge Fund Holders: 33
Soros Fund Management’s Stake: $31.4 million
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) operates as a cruise company, offering dining, accommodations, entertainment, family cruising, spas, casinos, golf, travel protection, and hotel packages. This company emerges as a prime investment opportunity for several reasons. First and foremost, as per the reports for the third quarter of 2024, generated total revenue was $2.8 billion, an 11% increase compared to the same period in 2023 on 4% capacity growth. GAAP net income was $474.9 million, a 37% increase compared to the third quarter of 2023, with EPS increasing $0.24, or 34%, to $0.95. This demonstrates that the performance was driven by strong revenue growth and continued execution of cost reductions and efficiencies, which offset a $0.06 per share negative impact from foreign exchange rates in the quarter.
5. Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Holders: 136
Soros Fund Management’s Stake: $47.1 million
Uber Technologies, Inc.(NYSE:UBER) develops and operates proprietary technology applications worldwide. The following key aspects make this company a standout investment. Firstly, as per the reports for the third quarter of 2024, revenue grew 20% year-over-year to $11.2 billion, or 22% on a constant currency basis, indicating strong sales performance, with growth remaining solid even after accounting for currency fluctuations. In addition, combined mobility and delivery revenue grew 23% YoY to $9.9 billion, or 25% on a constant currency basis, which reflects the growing customer demands and operational strength. Secondly, the company, along with Waymo, plans to bring autonomous ride-hailing to Austin and Atlanta on the Uber app. Uber will manage and dispatch a fleet of Waymo’s fully autonomous, all-electric Jaguar I-PACE vehicles that will grow to hundreds over time, adding a competitive edge to the company’s portfolio.
4. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 286
Soros Fund Management’s Stake: $52.2 million
Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. There are several compelling factors that make this company a strong investment. Firstly, as per the reports for the third quarter of 2024, a robust increase in net income is witnessed. For instance, net income increased to $15.3 billion in the third quarter, or $1.43 per diluted share, compared with $9.9 billion, or $0.94 per diluted share, in the third quarter of 2023 year-over-year, reflecting strong growth in profitability. Additionally, operating cash flow increased 57% to $112.7 billion for the trailing twelve months, compared with $71.7 billion for the trailing twelve months ended September 30, 2023. This demonstrates the company’s ability to fund operations, investments, and shareholder returns.
3. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 202
Soros Fund Management’s Stake: $85.9 million
Alphabet Inc. (NASDAQ:GOOGL) is a California-based technology company that owns and runs the internet search engine Google. The following key aspects make this company a standout investment. Firstly, strong profitability and improved cost management, reflecting the company’s operational efficiency, are witnessed in the report for the third quarter of 2024. For instance, total operating income increased by 34%, and operating margin percent expanded by 4.5 percentage points to 32%. Additionally, net income increased 34%, and EPS increased 37% to $2.12, which demonstrates the company’s ability to generate higher earnings for shareholders, signaling strong financial health and potential for sustained growth. Secondly, the integration of advanced AI technologies across all its platforms is a great initiative. The launch of the advanced Gemini chatbot and its improved search engine capabilities would adapt to the changing needs of the world and enhance user experience. Moreover, Google has taken a significant step in its sustainability efforts with a forest carbon removal deal from a Brazilian startup, Mombak. The tech giant aims to buy 50,000 metric tons of carbon credits by 2030 to bolster its fight against climate change.
2. Liberty Broadband Corporation (NASDAQ:LBRDA)
Number of Hedge Fund Holders: 25
Soros Fund Management’s Stake: $86.6 million
Liberty Broadband Corporation (NASDAQ:LBRDA) is a communications services firm. This company emerges as a prime investment opportunity for several reasons. First and foremost, as per the reports for the third quarter of 2024, the financial overview from the recent filing indicates a positive trajectory, with revenue increasing from $240 million in the third quarter of 2023 to $262 million in the third quarter of 2024, showing positive growth overall. Secondly, the company has agreed to merge with Charter Communications, which would aim to enhance shareholder value and operational synergies. The company would spin off its subsidiary, GCI, LLC, to its shareholders prior to the merger’s closing, which would help the company streamline operations and focus on core business areas.
1. Wayfair Inc. (NYSE:W)
Number of Hedge Fund Holders: 52
Soros Fund Management’s Stake: $111.3 million
Wayfair Inc. (NYSE:W) provides e-commerce businesses in the United States and internationally, offering approximately thirty million products for the home sector. There are several compelling factors that make this company a strong investment. Firstly, as per the reports for the third quarter of 2024, cash, cash equivalents and short-term investments totaled $1.3 billion, and total liquidity was $1.9 billion, including availability under a revolving credit facility. This demonstrates financial stability and flexibility, enabling the company to pursue strategic investments without relying heavily on external financing. Secondly, the company has launched a loyalty membership program called Wayfair Rewards, offering members exclusive access to benefits, including free shipping, special offers and discounts and a reward gift for future purchases for an annual fee of $29. This demonstrates the company’s commitment to promoting customer loyalty and increasing repeat business, which is crucial for long-term revenue growth. Moreover, Wayfair is exiting Germany and plans to cut as many as 730 jobs or 3% of its global workforce. This would help the company realign its strategic interests and concentrate its efforts on regions with higher growth potential.
While we acknowledge the potential of Wayfair Inc. (NYSE:W) as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a stock that is more promising than Wayfair Inc. (NYSE:W) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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