Soros’ fund cuts Tesla stakes, buys Netflix shares | Reuters

2023-05-14 23:26:00

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NEW YORK ( – Billionaire investor George Soros’ family office, Soros Fund Management, is set to sell electric-vehicle makers Tesla, Rivian Automotive and Walt Disney in the first quarter. While reducing its shareholding in , it added a new position in Netflix, a video distribution company, according to a declaration to the authorities released on the 12th.

He bought Tesla and Rivian shares in 2022 and Tesla convertible bonds in 2018.

In addition to Netflix, it also bought new stakes in US retailer Walmart and Chinese e-commerce firm Qualcomm, a US semiconductor company, increased by 50.5%, Uber Technologies, a ride-hailing company, by about 50%, and Nike, a sporting goods company, tripled.

It also increased its stakes in railroad operators CSX and Norfolk Southern.

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