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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 -2.94% , a new 515,000-share position in Citigroup Inc. /zigman2/quotes/207741460/composite C -2.07% , a new 258,000-share position in J.P. Morgan Chase /zigman2/quotes/205971034/composite JPM -3.09% , a new 582,000-share position in Morgan Stanley /zigman2/quotes/209104354/composite MS -3.43% , a new 217,000-position in PNC Financial Services Group Inc. /zigman2/quotes/203416310/composite PNC -2.61% , and a new 762,000-share position in Wells Fargo & Co. /zigman2/quotes/203790192/composite WFC -4.34% . Soros also added a new 69,000-share position in CrowdStrike Holdings Inc. /zigman2/quotes/212513426/composite CRWD +5.10% , and new positions of about half that size in DataDog Inc. /zigman2/quotes/214127379/composite DDOG +2.86% , Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW +0.42% , Zendesk Inc. /zigman2/quotes/209571012/composite ZEN +1.54% , Splunk Inc. /zigman2/quotes/203060494/composite SPLK +1.62% , and Zscaler Inc. /zigman2/quotes/203585803/composite ZS +4.52% . Soros eliminated his positions in Walt Disney Co. /zigman2/quotes/203410047/composite DIS -2.50% and Boeing Co. /zigman2/quotes/208579720/composite BA -2.97% . Notably, he also sold off almost all of his 2 million stake in Inovio Pharmaceuticals Inc. /zigman2/quotes/202993817/composite INO +4.06% , and trimmed his 3-million stake in Peloton Interactive Inc. /zigman2/quotes/208035743/composite PTON +5.69% to 509,000 shares.

/zigman2/quotes/200894270/composite
US : U.S.: NYSE
$ 24.47
-0.74 -2.94%
Volume: 75.22M
Sept. 21, 2020 4:00p
P/E Ratio
11.76
Dividend Yield
2.94%
Market Cap
$218.42 billion
Rev. per Employee
$543,289
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/zigman2/quotes/207741460/composite
US : U.S.: NYSE
$ 43.93
-0.93 -2.07%
Volume: 33.47M
Sept. 21, 2020 4:02p
P/E Ratio
7.61
Dividend Yield
4.64%
Market Cap
$93.39 billion
Rev. per Employee
$479,167
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/zigman2/quotes/205971034/composite
US : U.S.: NYSE
$ 95.31
-3.04 -3.09%
Volume: 28.38M
Sept. 21, 2020 4:00p
P/E Ratio
12.84
Dividend Yield
3.78%
Market Cap
$299.73 billion
Rev. per Employee
$497,647
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/zigman2/quotes/209104354/composite
US : U.S.: NYSE
$ 48.36
-1.72 -3.43%
Volume: 12.91M
Sept. 21, 2020 4:02p
P/E Ratio
8.74
Dividend Yield
2.89%
Market Cap
$78.96 billion
Rev. per Employee
$831,709
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/zigman2/quotes/203416310/composite
US : U.S.: NYSE
$ 108.84
-2.92 -2.61%
Volume: 2.10M
Sept. 21, 2020 4:00p
P/E Ratio
6.68
Dividend Yield
4.23%
Market Cap
$47.44 billion
Rev. per Employee
$367,770
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/zigman2/quotes/203790192/composite
US : U.S.: NYSE
$ 24.04
-1.09 -4.34%
Volume: 56.19M
Sept. 21, 2020 4:02p
P/E Ratio
27.48
Dividend Yield
1.66%
Market Cap
$103.54 billion
Rev. per Employee
$392,114
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/zigman2/quotes/212513426/composite
US : U.S.: Nasdaq
$ 138.13
+6.70 +5.10%
Volume: 7.61M
Sept. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$28.84 billion
Rev. per Employee
N/A
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/zigman2/quotes/214127379/composite
US : U.S.: Nasdaq
$ 88.14
+2.45 +2.86%
Volume: 5.63M
Sept. 21, 2020 4:00p
P/E Ratio
9,477
Dividend Yield
N/A
Market Cap
$25.99 billion
Rev. per Employee
N/A
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/zigman2/quotes/207599953/composite
US : U.S.: NYSE
$ 242.61
+1.01 +0.42%
Volume: 1.04M
Sept. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$23.28 billion
Rev. per Employee
$484,742
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/zigman2/quotes/209571012/composite
US : U.S.: NYSE
$ 97.08
+1.47 +1.54%
Volume: 765,556
Sept. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$11.04 billion
Rev. per Employee
$218,520
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/zigman2/quotes/203060494/composite
US : U.S.: Nasdaq
$ 177.73
+2.84 +1.62%
Volume: 2.22M
Sept. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$28.05 billion
Rev. per Employee
$563,441
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/zigman2/quotes/203585803/composite
US : U.S.: Nasdaq
$ 134.93
+5.83 +4.52%
Volume: 2.54M
Sept. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$17.16 billion
Rev. per Employee
$231,369
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/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 125.41
-3.22 -2.50%
Volume: 10.35M
Sept. 21, 2020 4:02p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$232.44 billion
Rev. per Employee
$295,532
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 156.35
-4.79 -2.97%
Volume: 23.13M
Sept. 21, 2020 4:01p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$90.96 billion
Rev. per Employee
$660,961
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/zigman2/quotes/202993817/composite
US : U.S.: Nasdaq
$ 17.69
+0.69 +4.06%
Volume: 33.63M
Sept. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.85 billion
Rev. per Employee
$108,477
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/zigman2/quotes/208035743/composite
US : U.S.: Nasdaq
$ 94.80
+5.10 +5.69%
Volume: 51.26M
Sept. 21, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$25.90 billion
Rev. per Employee
N/A
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