George Soros Net Worth and Top 10 Holdings in 2024

5. ChampionX Corporation (NASDAQ:CHX)

Soros Fund Management’s Stake Value: $81.86 Million

Number of Hedge Fund Holders: 42

ChampionX Corporation (NASDAQ:CHX) is a technology company that makes pumps and pumping equipment, drilling technologies, emissions technologies, and artificial lift solutions. The company is home to over 40 manufacturing locations, more than 400 scientists and technologies, over 7,300 employees, and is present in more than 60 countries.

In the second quarter of 2024, the company reported $893.27 million in revenue, a decline of 3.6% year-over-year. ChampionX Corporation (NASDAQ:CHX) is constantly innovating and expanding. On September 12, the company launched a digital control for plunger lift wells. Earlier in July, the company acquired RMSpumtools to expand its presence in offshore production technologies.

ChampionX Corporation (NASDAQ:CHX) has been acquired by SLB and the transaction is expected to close either in the fourth quarter of 2024 or the first quarter of 2025. SLB is a global technology company in the energy sector. Currently present in 100 countries, SLB’s acquisition of ChampionX will help them expand their position in the production space. The transaction is to be an all-stock transaction. Overall, 42 hedge funds were bullish on the stock at the close of Q2 2024, according to our Insider Monkey database.