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

Soros loads up on banks, cloud-based software companies

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. (NYS:BAC) , a new 515,000-share position in Citigroup Inc. (NYS:C) , a new 258,000-share position in J.P. Morgan Chase (NYS:JPM) , a new 582,000-share position in Morgan Stanley (NYS:MS) , a new 217,000-position in PNC Financial Services Group Inc. (NYS:PNC) , and a new 762,000-share position in Wells Fargo & Co. (NYS:WFC) . Soros also added a new 69,000-share position in CrowdStrike Holdings Inc. (NAS:CRWD) , and new positions of about half that size in DataDog Inc. (NAS:DDOG) , Palo Alto Networks Inc. (NYS:PANW) , Zendesk Inc. (NYS:ZEN) , Splunk Inc. (NAS:SPLK) , and Zscaler Inc. (NAS:ZS) . Soros eliminated his positions in Walt Disney Co. (NYS:DIS) and Boeing Co. (NYS:BA) . Notably, he also sold off almost all of his 2 million stake in Inovio Pharmaceuticals Inc. (NAS:INO) , and trimmed his 3-million stake in Peloton Interactive Inc. (NAS:PTON) to 509,000 shares.

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