George Soros Net Worth and Top 10 Holdings in 2024

4. Axonics, Inc. (NASDAQ:AXNX)

Soros Fund Management’s Stake Value: $119.32 Million

Number of Hedge Fund Holders: 36

Axonics, Inc. (NASDAQ:AXNX) is a medical technology company that ranks fourth on our list of the top holdings by George Soros. The company specializes in the development and sale of novel treatments for patients with bladder and bowel dysfunction. During the second quarter of 2024, Soros increased his position in the stock by 500%.

Its clinically proven treatment has gained momentum from across the globe. 93% of patients saw improvements after two years of treatment and 94% claimed they were satisfied with their therapy and treatment. Over the past few months, the company received regulatory approval in Australia for its proprietary recharge-free SNM system. The implantable neurostimulator (INS) that helps people gain control of their urinary and bowel has an expected life of 15 to 20 years.

In the second quarter of 2024, the company logged $114.57 million in revenue, up by 23.33%, and ahead of market consensus by $2.15 million. In March, the company approved a merger agreement with Boston Scientific, which has yet to come through, for a transaction valuation of $3.4 billion. Overall, Axonics is a promising entity that brings novelty to the market, making it one of the best stocks to invest in. The acquisition will help Boston Scientific deliver a wide range of clinical solutions to physicians and patients. The company will also acquire Axonics product portfolio which complements Boston Scientific’s Urology segment.