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. (BAC), a new 515,000-share position in Citigroup Inc. (C), a new 258,000-share position in J.P. Morgan Chase (JPM), a new 582,000-share position in Morgan Stanley (MS), a new 217,000-position in PNC Financial Services Group Inc. (PNC), and a new 762,000-share position in Wells Fargo & Co. (WFC). Soros also added a new 69,000-share position in CrowdStrike Holdings Inc. (CRWD), and new positions of about half that size in DataDog Inc. (DDOG), Palo Alto Networks Inc. (PANW), Zendesk Inc. (ZEN), Splunk Inc. (SPLK), and Zscaler Inc. (ZS). Soros eliminated his positions in Walt Disney Co. (DIS) and Boeing Co. (BA). Notably, he also sold off almost all of his 2 million stake in Inovio Pharmaceuticals Inc. (INO), and trimmed his 3-million stake in Peloton Interactive Inc. (PTON) to 509,000 shares.
-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
August 14, 2020 17:20 ET (21:20 GMT)
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