George Soros’ fund loads up on Apple shares

“Soros Fund Management LLC added Facebook Inc, Apple Inc and Twitter Inc, but trimmed stakes in Alphabet Inc and Inc in the quarter through June, according to a regulatory filing on Tuesday,” Jennifer Ablan and Trevor Hunnicutt report for Reuters. “The family office of billionaire George Soros also bought stakes in AT&T Inc, Chevron Corp and T-Mobile US Inc and divested stakes in eBay Inc, Nvidia Corp, Snap Inc and Paypal Holdings Inc.”

“Soros Fund Management also dramatically boosted its shares in BlackRock Inc – the world’s largest asset management firm, overseeing $6 trillion – by nearly 60 percent to 12,983 total shares in the second quarter,” Ablan and Hunnicutt report. “Other notable adjustments included paring stakes in Netflix Inc, Citigroup Inc and Wells Fargo & Co, but raising its shares of Pandora Media Inc and Inc.”

Ablan and Hunnicutt report, “Soros Fund Management took share stakes in Facebook of 159,200 class A shares during the second quarter and 54,500 shares in Apple.”

Read more in the full article here.

MacDailyNews Take: Loaded up before Apple blew past the trillion-dollar milestone.


    1. Nah, there’s nothing wrong with buying stock and making money.

      And as much as he is maligned in conservative circles, I’ve yet to find proof of anything he’s been accused of. He’s never directly funded Black Lives Matter, or any group that rioted in Ferguson, etc. etc. etc. Just another rich white liberal, only a whole lot richer than most. He should pay a bit more attention to where his indirect donations wind up.

  1. George Soros smells the $$$$$$ at Apple, before that he wouldn’t even glance at AAPL for a second. Let’s loading up AAPL all up before all the billionaires back up the trucks guys, then there won’t be any more AAPL left for small retail investors like us.

    1. As long as Apple is a publicly traded corporation, there will *always* be AAPL shares available for small investors to buy as long as you are willing to pay the price.

      Regarding the praise on this forum for billionaire investors, why give them credit for buying in late to the game?

  2. Trimmed stakes in Amazon and Alphabet? Hmmm. But those companies are supposed to pass Apple in overall value. However, he really went all out on Facebook (nearly 3X the amount he spent on Apple). Oh, well, glad to hear Buffett isn’t the only big investor buying up Apple.

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