Great investors · George Soros · Q1 2025
What George Soros bought and sold in Q1 2025
Soros Fund Management 13F portfolio as of Mar 31, 2025: 162 positions worth $4.0 bn. Largest: SW, AZN, SPY, GFL. Filed with the SEC on May 15, 2025.
The 13F is filed by Soros Fund Management, not by George Soros personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q1 2025
- IncreasedState Str Spdr S&P 500 ETF TSPY+2.7 pp
- NewAmerican Electric PowerAEP+2.4 pp
- IncreasedFlutter EntertainmentFLUT+2.4 pp
- NewEntergyETR+2.3 pp
- NewJPMorgan ChaseJPM+1.4 pp
- IncreasedGoldman Sachs GroupGS+1.4 pp
- NewTKO Group HoldingsTKO+1.3 pp
- NewDBX ETF TrASHR+1.1 pp
- NewLPL Financial HoldingsLPLA+1.0 pp
- IncreasedStandardAeroSARO+1.0 pp
- NewLas Vegas SandsLVS+0.8 pp
- NewBrighthouse FinancialBHF+0.8 pp
Sells in Q1 2025
- ReducedAlphabetGOOGL−3.2 pp
- ReducedJD.comJD−2.4 pp
- Sold outArthur J. GallagherAJG−2.1 pp
- Sold outAlibaba Group HoldingBABA−1.8 pp
- ReducedIshares TrLQD−1.5 pp
- ReducedKranesh CSI China Internet ETFKWEB−1.4 pp
- Sold outPg&e−1.0 pp
- Sold outJacobs SolutionsJ−1.0 pp
- Sold outVentasVTR−0.8 pp
- ReducedAstrazenecaAZN−0.8 pp
- ReducedSynchrony FinancialSYF−0.8 pp
- Sold outSarepta TherapeuticsSRPT−0.7 pp
45 companies with material moves, out of 201 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Soros Fund Management's Q1 2025 13F lists 162 lines of US-listed securities worth $4.0 bn; the largest is SW at 7.78% of the portfolio. It was accepted by the SEC on May 15, 2025 at 4:11 PM ET.
Against the previous quarter, it opened 75 positions (AEP, ETR, JPM and TKO and 71 more), closed 60 (IWM, AJG, BABA and Pg&e and 56 more), added to 39 (FLUT, GS, SPY and SARO and 35 more) and trimmed 38 (GOOGL, AZN, AER and UBER and 34 more). 10 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock SW | 6.9 M | $309M | 7.78% | −2.7% |
| 2 | Astrazeneca AZN | 2.7 M | $202M | 5.08% | −13% |
| 3 | State Str Spdr S&P 500 ETF T SPY | 313,800 | $176M | 4.42% | +166% |
| 4 | GFL Environmental GFL | 3.0 M | $147M | 3.70% | −5% |
| 5 | AerCap Holdings AER | 1.3 M | $131M | 3.29% | −14% |
| 6 | Flutter Entertainment FLUT | 580,743 | $129M | 3.24% | +285% |
| 7 | American Electric Power AEP | 878,960 | $96.0M | 2.42% | new |
| 8 | Liberty Broadband LBRDK | 1.1 M | $95.2M | 2.40% | no change |
| 9 | Entergy ETR | 1.1 M | $93.6M | 2.36% | new |
| 10 | Salesforce CRM | 342,831 | $92.0M | 2.32% | +15% |
| 11 | Amazon.com AMZN | 433,641 | $82.5M | 2.08% | +31% |
| 12 | Alphabet GOOGL | 497,458 | $76.9M | 1.94% | −63% |
| 13 | StandardAero SARO | 2.7 M | $72.0M | 1.81% | +119% |
| 14 | Goldman Sachs Group GS | 121,403 | $66.3M | 1.67% | +524% |
| 15 | JPMorgan Chase JPM | 230,963 | $56.7M | 1.43% | new |
| 16 | TKO Group Holdings TKO | 337,726 | $51.6M | 1.30% | new |
| 17 | Cyber ARK Software CYBR | 147,127 | $49.7M | 1.25% | +4.9% |
| 18 | UL Solutions ULS | 866,254 | $48.9M | 1.23% | −21% |
| 19 | Nasdaq NDAQ | 625,634 | $47.5M | 1.20% | +25% |
| 20 | UBER Technologies UBER | 638,218 | $46.5M | 1.17% | −29% |
| 21 | DBX ETF Tr ASHR | 1.7 M | $45.2M | 1.14% | new |
| 22 | Corebridge Financial CRBG | 1.4 M | $43.0M | 1.08% | +105% |
| 23 | Canadian Pacific Kansas City CP | 594,960 | $41.8M | 1.05% | +117% |
| 24 | Accenture ACN | 132,482 | $41.3M | 1.04% | −28% |
| 25 | LPL Financial Holdings LPLA | 125,000 | $40.9M | 1.03% | new |
| 26 | First Solar FSLR | 307,144 | $38.8M | 0.98% | +42% |
| 27 | UnitedHealth Group UNH | 71,100 | $37.2M | 0.94% | −8.7% |
| 28 | CRH public CRH | 412,487 | $36.3M | 0.91% | −16% |
| 29 | Interactive Brokers Group IBKR | 198,157 | $32.8M | 0.83% | −11% |
| 30 | ATI ATI | 613,884 | $31.9M | 0.80% | +57% |
| 31 | Las Vegas Sands LVS | 806,962 | $31.2M | 0.79% | new |
| 32 | Itron ITRI | 296,000 | $31.0M | 0.78% | −3% |
| 33 | Sunrun RUN | 5.2 M | $30.4M | 0.77% | +210% |
| 34 | Brighthouse Financial BHF | 516,904 | $30.0M | 0.76% | new |
| 35 | Datadog DDOG | 299,958 | $29.8M | 0.75% | +56% |
| 36 | Enstar Group | 85,192 | $28.3M | 0.71% | new |
| 37 | Nordstrom JWN | 1.1 M | $27.6M | 0.70% | new |
| 38 | FedEx FDX | 111,448 | $27.2M | 0.68% | +278% |
| 39 | Neurocrine Biosciences NBIX | 239,823 | $26.5M | 0.67% | +20% |
| 40 | BGC Group BGC | 2.8 M | $25.8M | 0.65% | +40% |
| 41 | Kellanova K | 309,119 | $25.5M | 0.64% | new |
| 42 | iShares National Muni Bond E ETF MUB | 241,400 | $25.5M | 0.64% | no change |
| 43 | Consolidated Edison ED | 225,350 | $24.9M | 0.63% | new |
| 44 | TECK Resources TECK | 667,818 | $24.3M | 0.61% | +92% |
| 45 | Insmed INSM | 307,211 | $23.4M | 0.59% | −32% |
| 46 | Viking Holdings VIK | 557,680 | $22.2M | 0.56% | −38% |
| 47 | H & E Equipment Services | 233,027 | $22.1M | 0.56% | new |
| 48 | Corning GLW | 470,000 | $21.5M | 0.54% | +16% |
| 49 | Play A Hotels & Resorts | 1.6 M | $21.4M | 0.54% | new |
| 50 | Analog Devices ADI | 106,200 | $21.4M | 0.54% | new |
| 51 | Vanguard Financials ETF VFH | 174,588 | $20.9M | 0.53% | no change |
| 52 | Snowflake SNOW | 141,322 | $20.7M | 0.52% | +69% |
| 53 | DUN & Bradstreet Holdings DNB | 2.3 M | $20.6M | 0.52% | new |
| 54 | Springworks Therapeutics SWTX | 456,832 | $20.2M | 0.51% | −24% |
| 55 | Idex IEX | 109,262 | $19.8M | 0.50% | +258% |
| 56 | Ishares EMXC | 354,686 | $19.5M | 0.49% | no change |
| 57 | SailPoint SAIL | 1.0 M | $19.4M | 0.49% | new |
| 58 | Soleno Therapeutics | 270,663 | $19.3M | 0.49% | new |
| 59 | DoorDash DASH | 105,422 | $19.3M | 0.49% | −32% |
| 60 | CSX CSX | 652,526 | $19.2M | 0.48% | −7.6% |
| 61 | HubSpot HUBS | 32,623 | $18.6M | 0.47% | new |
| 62 | Northrop Grumman NOC | 35,925 | $18.4M | 0.46% | new |
| 63 | Berry Global Group BERY | 261,662 | $18.3M | 0.46% | new |
| 64 | Primo Brands PRMB | 490,909 | $17.4M | 0.44% | new |
| 65 | KKR KKR | 148,147 | $17.1M | 0.43% | new |
| 66 | Patterson Companies | 545,179 | $17.0M | 0.43% | new |
| 67 | Somnigroup International SGI | 283,195 | $17.0M | 0.43% | new |
| 68 | Pony AI PONY | 1.9 M | $16.8M | 0.42% | +115% |
| 69 | Alnylam Pharmaceuticals ALNY | 60,000 | $16.2M | 0.41% | new |
| 70 | KeyCorp KEY | 995,600 | $15.9M | 0.40% | +20% |
| 71 | Aurora Innovation AUR | 2.4 M | $15.9M | 0.40% | +172% |
| 72 | Woodward WWD | 84,586 | $15.4M | 0.39% | new |
| 73 | Intra-Cellular Therapies ITCI | 116,588 | $15.4M | 0.39% | new |
| 74 | Air Transport Services GRP I ATSG | 677,819 | $15.2M | 0.38% | new |
| 75 | Amer Sports AS | 550,270 | $14.7M | 0.37% | no change |
| 76 | Karman Holdings KRMN | 438,580 | $14.7M | 0.37% | new |
| 77 | Centrus Energy LEU | 233,305 | $14.5M | 0.37% | +4.9% |
| 78 | Nike NKE | 227,320 | $14.4M | 0.36% | +40% |
| 79 | Pactiv Evergreen | 790,220 | $14.2M | 0.36% | new |
| 80 | Western Digital WDC | 350,000 | $14.2M | 0.36% | new |
| 81 | Loar Holdings LOAR | 196,356 | $13.9M | 0.35% | −13% |
| 82 | Owens Corning OC | 96,251 | $13.7M | 0.35% | new |
| 83 | iShares 20+ Year Treasury BD ETF TLT | 150,000 | $13.7M | 0.34% | +50% |
| 84 | Evolus EOLS | 995,485 | $12.0M | 0.30% | −9.5% |
| 85 | Globe Life GL | 89,600 | $11.8M | 0.30% | +87% |
| 86 | Ally Financial ALLY | 320,973 | $11.7M | 0.29% | new |
| 87 | Old National Bancorp ONB | 525,785 | $11.1M | 0.28% | −53% |
| 88 | Waystar Holding WAY | 296,354 | $11.1M | 0.28% | +19% |
| 89 | ADT ADT | 1.4 M | $11.1M | 0.28% | new |
| 90 | Triumph Group | 433,839 | $11.0M | 0.28% | new |
| 91 | AST Spacemobile ASTS | 470,000 | $10.7M | 0.27% | new |
| 92 | Allstate ALL | 50,270 | $10.4M | 0.26% | −30% |
| 93 | McKESSON MCK | 15,000 | $10.1M | 0.25% | new |
| 94 | First Citizens Bancshares FCNCA | 5,444 | $10.1M | 0.25% | +9.4% |
| 95 | Boston Scientific BSX | 100,000 | $10.1M | 0.25% | no change |
| 96 | Onestream | 467,850 | $10.0M | 0.25% | −63% |
| 97 | Alaska Air Group ALK | 186,448 | $9.2M | 0.23% | +6.1% |
| 98 | AZEK AZEK | 185,000 | $9.0M | 0.23% | new |
| 99 | Acadian Asset Management AAMI | 346,293 | $9.0M | 0.23% | no change |
| 100 | ServiceNow NOW | 10,542 | $8.4M | 0.21% | +37% |
The 100 largest lines are shown. The other 62 add up to 6.43% of the portfolio; full 13F of Soros Fund Management →
Positions it closed (60)
- Ishares Tr IWMwas 4.16% · 751,800 shares
- Arthur J. Gallagher AJGwas 2.13% · 300,000 shares
- Alibaba Group Holding BABAwas 1.80% · 850,000 shares
- Pg&e was 1.03% · 825,000 shares
- Jacobs Solutions Jwas 1.00% · 298,568 shares
- Ventas VTRwas 0.81% · 550,000 shares
- Sarepta Therapeutics SRPTwas 0.70% · 230,893 shares
- Exact Sciences EXASwas 0.70% · 496,938 shares
- Valley National Bancorp VLYwas 0.68% · 3.0 M shares
- Eli Lilly LLYwas 0.65% · 33,639 shares
- Carlyle Group CGwas 0.58% · 459,585 shares
- Microsoft MSFTwas 0.56% · 53,287 shares
- Atlantic Union Bankshares AUBwas 0.55% · 575,846 shares
- Atlassian TEAMwas 0.52% · 86,160 shares
- Cooper COS COOwas 0.52% · 225,930 shares
- Microchip Technology MCHPwas 0.47% · 328,900 shares
- Edwards Lifesciences EWwas 0.46% · 250,000 shares
- Agree Realty ADCwas 0.38% · 215,000 shares
- Privia Health Group PRVAwas 0.34% · 700,000 shares
- Ormat Technologies ORAwas 0.25% · 150,000 shares
- Spdr SER Tr XHBwas 0.25% · 95,100 shares
- Sanofi SNYwas 0.24% · 200,000 shares
- Associated Banc-Corp ASBwas 0.24% · 400,000 shares
- Select Sector Spdr Tr XLBwas 0.24% · 113,231 shares
- Boeing BAwas 0.24% · 53,818 shares
- CareTrust REIT CTREwas 0.24% · 350,000 shares
- Invesco Exchange Traded Fd T RSPwas 0.22% · 50,508 shares
- Terawulf WULFwas 0.22% · 1.5 M shares
- Renaissancere Holdings RNRwas 0.20% · 32,110 shares
- Taiwan Semiconductor Manufacturing TSMwas 0.20% · 40,169 shares
- Exelon EXCwas 0.19% · 200,000 shares
- American International Group AIGwas 0.17% · 90,800 shares
- Informatica was 0.16% · 250,000 shares
- Applied Digital APLDwas 0.16% · 830,000 shares
- Semtech SMTCwas 0.15% · 100,000 shares
- Darling Ingredients DARwas 0.15% · 182,930 shares
- Sempra SREwas 0.15% · 70,000 shares
- Sociedad Quimica Y Minera De SQMwas 0.14% · 154,531 shares
- Nextpower NXTwas 0.14% · 153,282 shares
- Select Sector Spdr Tr XLUwas 0.14% · 72,000 shares
- Ishares Tr IYRwas 0.13% · 54,400 shares
- Magnera MAGNwas 0.13% · 275,000 shares
- Super Micro Computer SMCIwas 0.12% · 163,500 shares
- Kymera Therapeutics KYMRwas 0.12% · 120,373 shares
- Cboe Global Markets CBOEwas 0.12% · 23,588 shares
- Washington Trust Bancorp WASHwas 0.11% · 135,000 shares
- Frontview Reit FVRwas 0.10% · 220,000 shares
- Dime Commercial Bancshares DCOMwas 0.08% · 100,000 shares
- Toast TOSTwas 0.07% · 77,184 shares
- Sea SEwas 0.07% · 25,449 shares
- Public Service Enterprise Group PEGwas 0.06% · 30,000 shares
- IREN IRENwas 0.06% · 232,018 shares
- Thryv Holdings THRYwas 0.06% · 150,000 shares
- GXO Logistics GXOwas 0.05% · 50,000 shares
- Ingram Micro Holding INGMwas 0.05% · 100,000 shares
- KinderCare Learning Companies KLCwas 0.04% · 100,000 shares
- Joby Aviation JOBYwas 0.03% · 134,957 shares
- Upstream Bio UPBwas 0.02% · 46,350 shares
- Solaredge Technologies SEDGwas 0.01% · 34,200 shares
- Septerna SEPNwas 0.01% · 10,000 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Soros Fund Management's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.