George Soros’ Top 5 Stock Picks

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In this article, we will discuss George Soros’ top 5 stock picks. If you want to read our detailed analysis of Soros’ history, investment philosophy, and hedge fund performance, go directly to George Soros’ top 10 stock picks.

5. Amazon.com, Inc. (NASDAQ:AMZN)

Soros Fund Management’s Holdings: $72,980,686
Percentage of Soros Fund Management’s Portfolio: 1.12%

Amazon.com, Inc. (NASDAQ:AMZN) is a retail company that sells consumer products and subscriptions online and in physical stores globally. Barclays analyst Ross Sandler reduced the price target on Amazon.com to $140 from $150 but kept an Overweight rating on the stock on May 1. Sandler noted substantial Q1 improvements in all aspects of Amazon’s business, including better-than-expected retail revenue and operating income, along with exceptional performance from AWS.

George Soros’ Soros Fund Management has kept a stake in Amazon.com, Inc. (NASDAQ:AMZN) since Q4 2010. However, in the first quarter of 2023, the hedge fund sold 194,921 shares of Amazon stock, reducing its remaining stake by about 22%. The hedge fund’s $72.98 million investment is equivalent to 1.12% of the whole company.

In its Q1 2023 investor letter, Diamond Hill Capital offered the following commentary regarding Amazon.com, Inc. (NASDAQ:AMZN):

“We did have several strong performing stocks this quarter. Our top contributors to return included NVR, Amazon.com, Inc. (NASDAQ:AMZN), Alphabet, Microsoft and Booking Holdings, all of which posted double-digit gains.

Global online retailer Amazon reported mixed quarterly results as improvement in retail profitability was offset by weakening demand at AWS (Amazon Web Services). Management responded with another round of layoffs (focused in high-margin areas like AWS and advertising) that will help protect margins until cloud and ad demand improves. We believe Amazon’s competitive advantages will continue to grow and that the business has the potential to grow faster than the overall economy in the coming years.”

Follow Amazon Com Inc (NASDAQ:AMZN)

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