Top 5 Stocks in George Soros’ Stock Portfolio

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1. Splunk Inc. (NASDAQ:SPLK)

Splunk Inc. (NASDAQ:SPLK) is a California-based company that offers software products to its clients.

In Q4, Soros Fund Management increased its holdings in Splunk Inc. (NASDAQ:SPLK) by 175% to 1.58 million shares worth $240.713 million, representing 3.14% of the firm’s portfolio. It is the top stock pick in George Soros’ stock portfolio.

According to Insider Monkey’s database, 68 hedge funds had stakes worth $3.9 billion in Splunk Inc. (NASDAQ:SPLK)’s stock.

ClearBridge Investments mentioned Splunk Inc. (NASDAQ:SPLK) in its Q3 2023 investor letter. Here is what it said:

“Stock selection in the IT sector was the main detractor during the quarter, as the prospect of a higher-for-longer rate environment weighed on longer-duration, higher growth stocks. Despite these challenges, there were also strong positive contributions from Splunk Inc. (NASDAQ:SPLK) and AppLovin. Splunk’s price rallied on the news of its acquisition by Cisco, and investors applauded AppLovin’s new, AI-enabled platform which is improving productivity in its mobile games ad network.”

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You can also look at the 25 Best Free Tech Newsletters to Subscribe to in 2024 and the 13 Best Environmental Dividend Stocks To Invest In According To Analysts.

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