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Aug. 14, 2020, 5:20 p.m. EDT

Soros loads up on banks, cloud-based software companies

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By Wallace Witkowski

Billionaire George Soros showed interest in big banks and cloud-computing companies in the second quarter, according to a filing with the Securities and Exchange Commission. In the quarter ended June 30, Soros Fund Management added a new 1.2 million-share position in Bank of America Corp. /zigman2/quotes/200894270/composite BAC -0.14% , a new 515,000-share position in Citigroup Inc. /zigman2/quotes/207741460/composite C -0.68% , a new 258,000-share position in J.P. Morgan Chase /zigman2/quotes/205971034/composite JPM -0.66% , a new 582,000-share position in Morgan Stanley /zigman2/quotes/209104354/composite MS +0.57% , a new 217,000-position in PNC Financial Services Group Inc. /zigman2/quotes/203416310/composite PNC -0.61% , and a new 762,000-share position in Wells Fargo & Co. /zigman2/quotes/203790192/composite WFC -0.45% . Soros also added a new 69,000-share position in CrowdStrike Holdings Inc. /zigman2/quotes/212513426/composite CRWD +0.58% , and new positions of about half that size in DataDog Inc. /zigman2/quotes/214127379/composite DDOG +3.11% , Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW -0.67% , Zendesk Inc. /zigman2/quotes/209571012/composite ZEN +0.50% , Splunk Inc. /zigman2/quotes/203060494/composite SPLK +2.60% , and Zscaler Inc. /zigman2/quotes/203585803/composite ZS +1.91% . Soros eliminated his positions in Walt Disney Co. /zigman2/quotes/203410047/composite DIS -1.31% and Boeing Co. /zigman2/quotes/208579720/composite BA -0.51% . Notably, he also sold off almost all of his 2 million stake in Inovio Pharmaceuticals Inc. /zigman2/quotes/202993817/composite INO +18.00% , and trimmed his 3-million stake in Peloton Interactive Inc. /zigman2/quotes/208035743/composite PTON +1.91% to 509,000 shares.

/zigman2/quotes/200894270/composite
US : U.S.: NYSE
$ 28.99
-0.04 -0.14%
Volume: 25.97M
Nov. 27, 2020 5:00p
P/E Ratio
14.33
Dividend Yield
2.48%
Market Cap
$250.79 billion
Rev. per Employee
$546,216
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/zigman2/quotes/207741460/composite
US : U.S.: NYSE
$ 56.67
-0.39 -0.68%
Volume: 14.27M
Nov. 27, 2020 5:00p
P/E Ratio
11.11
Dividend Yield
3.60%
Market Cap
$117.98 billion
Rev. per Employee
$517,640
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/zigman2/quotes/205971034/composite
US : U.S.: NYSE
$ 121.22
-0.81 -0.66%
Volume: 5.98M
Nov. 27, 2020 5:00p
P/E Ratio
15.82
Dividend Yield
2.97%
Market Cap
$369.50 billion
Rev. per Employee
$582,907
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/zigman2/quotes/209104354/composite
US : U.S.: NYSE
$ 63.84
+0.36 +0.57%
Volume: 5.58M
Nov. 27, 2020 5:00p
P/E Ratio
10.77
Dividend Yield
2.19%
Market Cap
$115.50 billion
Rev. per Employee
$1.05M
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/zigman2/quotes/203416310/composite
US : U.S.: NYSE
$ 139.79
-0.86 -0.61%
Volume: 1.18M
Nov. 27, 2020 5:00p
P/E Ratio
8.35
Dividend Yield
3.29%
Market Cap
$59.23 billion
Rev. per Employee
$414,538
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/zigman2/quotes/203790192/composite
US : U.S.: NYSE
$ 28.46
-0.13 -0.45%
Volume: 20.28M
Nov. 27, 2020 5:00p
P/E Ratio
76.63
Dividend Yield
1.41%
Market Cap
$117.67 billion
Rev. per Employee
$421,324
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/zigman2/quotes/212513426/composite
US : U.S.: Nasdaq
$ 150.83
+0.87 +0.58%
Volume: 1.77M
Nov. 27, 2020 1:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$33.10 billion
Rev. per Employee
N/A
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/zigman2/quotes/214127379/composite
US : U.S.: Nasdaq
$ 96.42
+2.91 +3.11%
Volume: 1.91M
Nov. 27, 2020 1:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$29.54 billion
Rev. per Employee
$258,574
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/zigman2/quotes/207599953/composite
US : U.S.: NYSE
$ 295.31
-1.98 -0.67%
Volume: 437,878
Nov. 27, 2020 5:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$28.12 billion
Rev. per Employee
$425,306
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/zigman2/quotes/209571012/composite
US : U.S.: NYSE
$ 135.19
+0.67 +0.50%
Volume: 1.38M
Nov. 27, 2020 5:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$15.77 billion
Rev. per Employee
$228,059
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/zigman2/quotes/203060494/composite
US : U.S.: Nasdaq
$ 204.03
+5.17 +2.60%
Volume: 755,051
Nov. 27, 2020 1:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$32.73 billion
Rev. per Employee
$563,441
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/zigman2/quotes/203585803/composite
US : U.S.: Nasdaq
$ 149.74
+2.80 +1.91%
Volume: 939,557
Nov. 27, 2020 1:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$20.09 billion
Rev. per Employee
$231,369
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/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 147.13
-1.96 -1.31%
Volume: 5.31M
Nov. 27, 2020 5:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$266.38 billion
Rev. per Employee
$320,813
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 216.50
-1.11 -0.51%
Volume: 9.97M
Nov. 27, 2020 5:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$122.22 billion
Rev. per Employee
$475,227
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/zigman2/quotes/202993817/composite
US : U.S.: Nasdaq
$ 12.26
+1.87 +18.00%
Volume: 21.18M
Nov. 27, 2020 1:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.08 billion
Rev. per Employee
$21,196
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/zigman2/quotes/208035743/composite
US : U.S.: Nasdaq
$ 108.98
+2.04 +1.91%
Volume: 5.60M
Nov. 27, 2020 1:00p
P/E Ratio
1,434
Dividend Yield
N/A
Market Cap
$31.88 billion
Rev. per Employee
$494,288
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