Great investors · George Soros · Q2 2025
What George Soros bought and sold in Q2 2025
Soros Fund Management 13F portfolio as of Jun 30, 2025: 141 positions worth $3.8 bn. Largest: SW, GFL, LBRDK, FLUT. Filed with the SEC on Aug 14, 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 Q2 2025
- NewBrown & BrownBRO+2.8 pp
- IncreasedInteractive Brokers GroupIBKR+2.0 pp
- IncreasedNVIDIANVDA+1.9 pp
- NewAramarkARMK+1.6 pp
- NewIdacorpIDA+1.2 pp
- NewJBT MarelJBTM+1.0 pp
- NewBlueprint MedicinesBPMC+0.8 pp
- IncreasedLiberty BroadbandLBRDK+0.8 pp
- IncreasedSnowflakeSNOW+0.7 pp
- NewSportradar GroupSRAD+0.7 pp
- NewTaiwan Semiconductor ManufacturingTSM+0.7 pp
- IncreasedSmurfit WestrockSW+0.7 pp
Sells in Q2 2025
- Sold outAstrazenecaAZN−5.1 pp
- ReducedState Str Spdr S&P 500 ETF TSPY−4.1 pp
- Sold outAmerican Electric PowerAEP−2.4 pp
- ReducedAlphabetGOOGL−1.9 pp
- ReducedGoldman Sachs GroupGS−1.7 pp
- Sold outJPMorgan ChaseJPM−1.4 pp
- ReducedAerCap HoldingsAER−1.4 pp
- Sold outNasdaqNDAQ−1.2 pp
- Sold outDBX ETF TrASHR−1.1 pp
- Sold outLPL Financial HoldingsLPLA−1.0 pp
- ReducedCyber ARK SoftwareCYBR−1.0 pp
- Sold outLas Vegas SandsLVS−0.8 pp
43 companies with material moves, out of 176 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 Q2 2025 13F lists 141 lines of US-listed securities worth $3.8 bn; the largest is SW at 8.61% of the portfolio. It was accepted by the SEC on Aug 14, 2025 at 4:13 PM ET.
Against the previous quarter, it opened 51 positions (BRO, ARMK, CRCL and IEF and 47 more), closed 62 (AZN, AEP, JPM and NDAQ and 58 more), added to 47 (NVDA, IBKR, IPG and EVGO and 43 more) and trimmed 32 (AER, SPY, FLUT and CYBR and 28 more). 10 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock SW | 7.5 M | $323M | 8.61% | +9.2% |
| 2 | GFL Environmental GFL | 2.9 M | $144M | 3.84% | −6.3% |
| 3 | Liberty Broadband LBRDK | 1.4 M | $142M | 3.78% | +29% |
| 4 | Flutter Entertainment FLUT | 490,080 | $140M | 3.73% | −16% |
| 5 | Interactive Brokers Group IBKR | 2.2 M | $124M | 3.30% | +182% |
| 6 | Brown & Brown BRO | 1.0 M | $111M | 2.96% | new |
| 7 | Salesforce CRM | 389,776 | $106M | 2.83% | +14% |
| 8 | AerCap Holdings AER | 816,489 | $95.5M | 2.55% | −36% |
| 9 | Entergy ETR | 1.1 M | $89.6M | 2.39% | −1.6% |
| 10 | NVIDIA NVDA | 540,292 | $85.4M | 2.28% | +836% |
| 11 | StandardAero SARO | 2.7 M | $84.9M | 2.26% | no change |
| 12 | Amazon.com AMZN | 382,858 | $84.0M | 2.24% | −12% |
| 13 | Aramark ARMK | 1.6 M | $64.9M | 1.73% | new |
| 14 | Snowflake SNOW | 273,338 | $61.2M | 1.63% | +93% |
| 15 | TKO Group Holdings TKO | 335,518 | $61.0M | 1.63% | no change |
| 16 | Corebridge Financial CRBG | 1.7 M | $59.8M | 1.59% | +24% |
| 17 | Circle Internet Group CRCL | 305,000 | $55.3M | 1.47% | new |
| 18 | UL Solutions ULS | 756,596 | $55.1M | 1.47% | −13% |
| 19 | CRH public CRH | 594,262 | $54.6M | 1.45% | +44% |
| 20 | UBER Technologies UBER | 538,416 | $50.2M | 1.34% | −16% |
| 21 | Datadog DDOG | 356,502 | $47.9M | 1.28% | +19% |
| 22 | iShares 7-10 Year Treasury B ETF IEF | 500,000 | $47.9M | 1.28% | new |
| 23 | Idacorp IDA | 406,400 | $46.9M | 1.25% | new |
| 24 | KKR KKR | 343,185 | $45.7M | 1.22% | +132% |
| 25 | Somnigroup International SGI | 634,729 | $43.2M | 1.15% | +124% |
| 26 | Brighthouse Financial BHF | 764,750 | $41.1M | 1.10% | +48% |
| 27 | JBT Marel JBTM | 330,306 | $39.7M | 1.06% | new |
| 28 | BGC Group BGC | 3.6 M | $36.9M | 0.98% | +28% |
| 29 | Enstar Group | 103,411 | $34.8M | 0.93% | +21% |
| 30 | DUN & Bradstreet Holdings DNB | 3.7 M | $33.3M | 0.89% | +59% |
| 31 | Blueprint Medicines BPMC | 250,000 | $32.0M | 0.85% | new |
| 32 | ATI ATI | 362,695 | $31.3M | 0.83% | −41% |
| 33 | UnitedHealth Group UNH | 100,000 | $31.2M | 0.83% | +41% |
| 34 | SailPoint SAIL | 1.4 M | $30.9M | 0.82% | +31% |
| 35 | State Str Spdr S&P 500 ETF T SPY | 47,778 | $29.5M | 0.79% | −85% |
| 36 | Sportradar Group SRAD | 1.0 M | $28.6M | 0.76% | new |
| 37 | Taiwan Semiconductor Manufacturing TSM | 125,478 | $28.4M | 0.76% | new |
| 38 | Interpublic Group of Companies IPG | 1.2 M | $28.4M | 0.76% | +279% |
| 39 | Pony AI PONY | 2.1 M | $28.1M | 0.75% | +12% |
| 40 | First Solar FSLR | 166,063 | $27.5M | 0.73% | −46% |
| 41 | iShares National Muni Bond E ETF MUB | 241,400 | $25.2M | 0.67% | no change |
| 42 | Amer Sports AS | 625,890 | $24.3M | 0.65% | +14% |
| 43 | Canadian Pacific Kansas City CP | 301,837 | $23.9M | 0.64% | −49% |
| 44 | Sandisk SNDK | 526,825 | $23.9M | 0.64% | new |
| 45 | Springworks Therapeutics SWTX | 501,989 | $23.6M | 0.63% | +9.9% |
| 46 | Karman Holdings KRMN | 464,280 | $23.4M | 0.62% | +5.9% |
| 47 | Primo Brands PRMB | 759,800 | $22.5M | 0.60% | +55% |
| 48 | Accenture ACN | 75,259 | $22.5M | 0.60% | −43% |
| 49 | Ishares EMXC | 354,686 | $22.4M | 0.60% | no change |
| 50 | Kellanova K | 280,083 | $22.3M | 0.59% | −9.4% |
| 51 | Nike NKE | 302,320 | $21.5M | 0.57% | +33% |
| 52 | AZEK AZEK | 383,866 | $20.9M | 0.56% | +107% |
| 53 | Cyber ARK Software CYBR | 50,931 | $20.7M | 0.55% | −65% |
| 54 | Avidxchange Holdings AVDX | 2.1 M | $20.4M | 0.54% | new |
| 55 | Woodward WWD | 82,427 | $20.2M | 0.54% | −2.6% |
| 56 | Idex IEX | 111,420 | $19.6M | 0.52% | +2% |
| 57 | CSX CSX | 592,799 | $19.3M | 0.52% | −9.2% |
| 58 | Amrize AMRZ | 390,000 | $19.3M | 0.52% | new |
| 59 | Old National Bancorp ONB | 855,685 | $18.3M | 0.49% | +63% |
| 60 | EVgo EVGO | 5.0 M | $18.2M | 0.48% | +342% |
| 61 | Onestream | 625,800 | $17.7M | 0.47% | +34% |
| 62 | TPG TPG | 335,835 | $17.6M | 0.47% | new |
| 63 | Johnson Controls International JCI | 164,310 | $17.4M | 0.46% | new |
| 64 | Microsoft MSFT | 33,410 | $16.6M | 0.44% | new |
| 65 | E2open Parent Holdings | 4.9 M | $15.8M | 0.42% | new |
| 66 | Ally Financial ALLY | 406,200 | $15.8M | 0.42% | +27% |
| 67 | Skechers U SKAA | 250,000 | $15.8M | 0.42% | new |
| 68 | Commvault Systems CVLT | 90,000 | $15.7M | 0.42% | new |
| 69 | Globe Life GL | 124,500 | $15.5M | 0.41% | +39% |
| 70 | Applied Materials AMAT | 83,513 | $15.3M | 0.41% | +69% |
| 71 | Loar Holdings LOAR | 172,564 | $14.9M | 0.40% | −12% |
| 72 | DoorDash DASH | 60,274 | $14.9M | 0.40% | −43% |
| 73 | Goldman Sachs Group GS | 20,961 | $14.8M | 0.40% | −83% |
| 74 | Acadian Asset Management AAMI | 415,593 | $14.6M | 0.39% | +20% |
| 75 | Booking Holdings BKNG | 2,500 | $14.5M | 0.39% | +67% |
| 76 | Allstate ALL | 70,870 | $14.3M | 0.38% | +41% |
| 77 | Northrop Grumman NOC | 28,000 | $14.0M | 0.37% | −22% |
| 78 | Waystar Holding WAY | 333,153 | $13.6M | 0.36% | +12% |
| 79 | KeyCorp KEY | 771,100 | $13.4M | 0.36% | −23% |
| 80 | Owens Corning OC | 97,261 | $13.4M | 0.36% | +1% |
| 81 | First Citizens Bancshares FCNCA | 6,555 | $12.8M | 0.34% | +20% |
| 82 | CoreWeave CRWV | 75,692 | $12.3M | 0.33% | no change |
| 83 | SmartStop Self Storage REIT SMA | 328,428 | $11.9M | 0.32% | new |
| 84 | Triumph Group | 459,243 | $11.8M | 0.32% | +5.9% |
| 85 | Grupo Financiero Galicia GGAL | 228,252 | $11.5M | 0.31% | new |
| 86 | Analog Devices ADI | 46,200 | $11.0M | 0.29% | −56% |
| 87 | ServiceTitan TTAN | 100,000 | $10.7M | 0.29% | +266% |
| 88 | eToro Group ETOR | 160,000 | $10.7M | 0.28% | new |
| 89 | RTX RTX | 71,795 | $10.5M | 0.28% | new |
| 90 | Ares Acquisition Corp II KDK | 900,000 | $10.2M | 0.27% | new |
| 91 | Kranesh CSI China Internet ETF KWEB | 293,404 | $10.1M | 0.27% | +30% |
| 92 | ADT ADT | 1.1 M | $9.6M | 0.25% | −17% |
| 93 | Centuri Holdings CTRI | 400,000 | $9.0M | 0.24% | new |
| 94 | Walgreens Boots Alliance WBA | 750,000 | $8.6M | 0.23% | no change |
| 95 | Western Digital WDC | 134,323 | $8.6M | 0.23% | −62% |
| 96 | CME Group CME | 30,028 | $8.3M | 0.22% | no change |
| 97 | Lazard LAZ | 160,750 | $7.7M | 0.21% | +20% |
| 98 | Synchrony Financial SYF | 114,961 | $7.7M | 0.20% | −17% |
| 99 | Galaxy Digital GLXY | 310,800 | $6.8M | 0.18% | new |
| 100 | Lowe's LOW | 30,000 | $6.7M | 0.18% | new |
The 100 largest lines are shown. The other 41 add up to 2.99% of the portfolio; full 13F of Soros Fund Management →
Positions it closed (62)
- Astrazeneca AZNwas 5.08% · 2.7 M shares
- American Electric Power AEPwas 2.42% · 878,960 shares
- JPMorgan Chase JPMwas 1.43% · 230,963 shares
- Nasdaq NDAQwas 1.20% · 625,634 shares
- DBX ETF Tr ASHRwas 1.14% · 1.7 M shares
- LPL Financial Holdings LPLAwas 1.03% · 125,000 shares
- Las Vegas Sands LVSwas 0.79% · 806,962 shares
- Itron ITRIwas 0.78% · 296,000 shares
- Sunrun RUNwas 0.77% · 5.2 M shares
- Neurocrine Biosciences NBIXwas 0.67% · 239,823 shares
- Consolidated Edison EDwas 0.63% · 225,350 shares
- TECK Resources TECKwas 0.61% · 667,818 shares
- Insmed INSMwas 0.59% · 307,211 shares
- Viking Holdings VIKwas 0.56% · 557,680 shares
- Corning GLWwas 0.54% · 470,000 shares
- Vanguard World Fd VFHwas 0.53% · 174,588 shares
- Soleno Therapeutics was 0.49% · 270,663 shares
- HubSpot HUBSwas 0.47% · 32,623 shares
- Alnylam Pharmaceuticals ALNYwas 0.41% · 60,000 shares
- Aurora Innovation AURwas 0.40% · 2.4 M shares
- Centrus Energy LEUwas 0.37% · 233,305 shares
- Ishares Tr TLTwas 0.34% · 150,000 shares
- Evolus EOLSwas 0.30% · 995,485 shares
- AST Spacemobile ASTSwas 0.27% · 470,000 shares
- McKESSON MCKwas 0.25% · 15,000 shares
- Boston Scientific BSXwas 0.25% · 100,000 shares
- Alaska Air Group ALKwas 0.23% · 186,448 shares
- ServiceNow NOWwas 0.21% · 10,542 shares
- Danaher DHRwas 0.21% · 40,000 shares
- Ishares Tr FXIwas 0.20% · 225,000 shares
- Alcoa AAwas 0.19% · 250,192 shares
- Carrier Global CARRwas 0.19% · 119,636 shares
- Zurn Elkay Water Solutions ZWSwas 0.19% · 225,370 shares
- Integer Holdings ITGRwas 0.18% · 61,783 shares
- JD.com JDwas 0.18% · 175,000 shares
- Nebius Group NBISwas 0.18% · 333,333 shares
- LCI Industries LCIIwas 0.16% · 70,740 shares
- Smithfield Foods SFDwas 0.14% · 276,560 shares
- D.R. Horton DHIwas 0.14% · 43,700 shares
- Firstsun Capital Bancorp FSUNwas 0.14% · 150,000 shares
- Teledyne Technologies TDYwas 0.12% · 9,264 shares
- Bowhead Specialty Holdings BOWwas 0.10% · 96,254 shares
- Alkami Technology ALKTwas 0.10% · 148,700 shares
- F&G Annuities & Life FGwas 0.09% · 100,000 shares
- United Community Banks UCBwas 0.08% · 120,000 shares
- Confluent CFLTwas 0.07% · 125,000 shares
- Cloudflare NETwas 0.07% · 22,951 shares
- PENN Entertainment PENNwas 0.06% · 150,000 shares
- Siriuspoint SPNTwas 0.06% · 138,678 shares
- Affirm Holdings AFRMwas 0.05% · 45,000 shares
- Spyre Therapeutics SYREwas 0.05% · 125,000 shares
- Parsons PSNwas 0.05% · 30,751 shares
- Helix Acquisition Corp II BBOTwas 0.04% · 150,000 shares
- Northpointe Bancshares NPBwas 0.04% · 100,358 shares
- GameStop GMEwas 0.03% · 60,500 shares
- Pacific Biosciences of California PACBwas 0.03% · 1.0 M shares
- Pg&e PCGwas 0.02% · 57,542 shares
- Eagle Financial Services EFSIwas 0.02% · 25,000 shares
- Select Sector Spdr Tr XLFwas 0.02% · 12,270 shares
- CeriBell CBLLwas 0.01% · 25,356 shares
- Beyond Air was 0.00% · 500,000 shares
- Alphabet GOOGwas 0.00% · 633 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) ↗
Follow George Soros and see their Q3 2026 13F once it is filed
Free. We email you (if you turn it on) and in Following you see what each manager you follow bought and sold.
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.