George Soros’ Top 5 Stock Picks

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.”

4. Liberty Broadband Corporation (NASDAQ:LBRDA)

Soros Fund Management’s Holdings: $113,554,258
Percentage of Soros Fund Management’s Portfolio: 1.75%

Liberty Broadband Corporation (NASDAQ:LBRDA) operates in the communications industry. On March 17, Deutsche Bank analyst Bryan Kraft lowered the price target on Liberty Broadband to $120 from $131 but maintained a ‘Buy’ rating following the Q4 results.

Soros Fund Management holds 1.39 million shares in Liberty Broadband Corporation (NASDAQ:LBRDA), which is worth over $113.55 million, representing 1.75% of its portfolio. Liberty Broadband Corporation (NASDAQ:LBRDA) has featured on Soros’ portfolio since the second quarter of 2016.

Longleaf Partners Fund made the following comment about Liberty Broadband Corporation (NASDAQ:LBRDA) in its Q4 2022 investor letter:

“Liberty Broadband Corporation (NASDAQ:LBRDA) – Cable and media holding company Liberty Broadband declined amid worsening sentiment for its underlying cable business Charter. We believe the Liberty management team will successfully close the valuation gap at both underlying holding Charter and holdco Liberty Broadband, as we have seen sentiment on cable stocks shift many times over our decades at Southeastern. This remains a good business run by great partners.”

3. First Horizon Corporation (NYSE:FHN)

Soros Fund Management’s Holdings: $129,962,679
Percentage of Soros Fund Management’s Portfolio: 2%

First Horizon Corporation (NYSE:FHN) is a prominent regional financial services company. Its subsidiary, First Horizon Bank, operates in 12 states across the southern U.S. The company and its subsidiaries provide a wide range of financial services.

On March 24, Wells Fargo elevated its First Horizon National (FHN) rating from ‘Equal Weight’ to ‘Overweight’ while keeping the price target steady at $25. In addition, securities filings for Q1 2023 reveal that George Soros had 7.31 million shares of First Horizon National (FHN) worth $129.96 million, representing 2% of the total 13F portfolio.

2. Alphabet Inc. (NASDAQ:GOOG)

Soros Fund Management’s Holdings: $147,201,168
Percentage of Soros Fund Management’s Portfolio: 2.26%

Alphabet Inc. (NASDAQ:GOOG) is a global company offering various products and platforms in various regions. Its operations are divided into segments such as Google Services, Google Cloud, and Other Bets. On May 11, BofA analyst Justin Post reaffirmed a ‘Buy’ rating on Alphabet Inc. (NASDAQ:GOOG), setting a price target of $128.

Securities filings reveal that Soros Fund Management trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 20% during the first quarter of 2023. The fund presently owns 1.42 million shares of Alphabet Inc. (NASDAQ:GOOG) worth over $147.20 million, representing 2.26% of the portfolio.

Diamond Hill Capital mentioned Alphabet Inc. (NASDAQ:GOOG) in its Q1 2023 investor letter. Here is what the fund said:

“We did have several strong performing stocks this quarter. Our top contributors to return included NVR, Amazon, Alphabet Inc. (NASDAQ:GOOG), Microsoft and Booking Holdings, all of which posted double-digit gains. Shares of media and technology giant Alphabet outperformed as the company announced expense discipline while continuing to invest in its core products of Google Search, YouTube and Google Cloud.”

1. Horizon Therapeutics Public Limited Company (NASDAQ:HZNP)

Soros Fund Management’s Holdings: $359,267,161
Percentage of Soros Fund Management’s Portfolio: 5.53%

Horizon Therapeutics Public Limited Company (NASDAQ:HZNP) is a biotech company that develops and sells medicines for rare, autoimmune, and severe inflammatory diseases. They have a portfolio of 12 medicines for rare diseases, gout, ophthalmology, and inflammation.

George Soros loaded up on Horizon Therapeutics Public Limited Company (NASDAQ:HZNP) in the first quarter of 2023, increasing his hold on the company by 16%. Soros Fund Management owns 3.29 million shares of the company, worth $359.27 million.

In its Q1 2023 investor letter, Aristotle Atlantic Partners, LLC provided the following statement regarding Horizon Therapeutics Public Limited Company (NASDAQ:HZNP):

“We sold Horizon Therapeutics Public Limited Company (NASDAQ:HZNP) after Amgen announced their intention to acquire Horizon for $116.50 per share. The deal is expected to close in mid-year 2023.”

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