George Soros 13F Filing Q2 2026: What He Bought and Sold

Soros Fund Management filed its 13F for the quarter ending June 30, 2026, disclosing a $7.6 billion portfolio across 254 positions. The fund trimmed its largest holding, Amazon, by 39 percent while adding to both Google and Apple. It also completely exited six positions, including Jazz Pharmaceuticals and Clearwater Analytics, which had been worth $158.4 million and $69.6 million respectively in the prior quarter.

!Soros Fund's 10 Largest Holdings. Amazon, Taiwan Semiconductor, and Gulfport Energy bonds represent nearly 27% of the $7.6B portfolio.

What positions did Soros expand this quarter?

Soros added significantly to three core holdings. Google received a 4 percent increase, bringing the position to $213.1 million and keeping it among the fund's top five holdings. Apple was increased by 6 percent to $153.2 million.

Beyond the mega-cap tech additions, Soros made outsized bets on energy infrastructure. Entergy (ETR) saw an extraordinary 1,084 percent increase to $105.0 million, suggesting either a negligible prior position that was built dramatically or a major reallocation into regulated utilities. American Electric Power (AEP) was added as a new position worth $105.1 million. Data center operator Digital Realty (DLR) jumped 840 percent to $96.9 million. Itron (ITRI), which makes software and systems for utilities and grid operators, was increased 46 percent to $98.5 million.

This cluster of utility and energy infrastructure additions signals a material shift in sector exposure within the quarter.

Why did Soros cut Amazon so sharply?

Soros trimmed Amazon by 39 percent, reducing it from the portfolio's largest holding to still substantial at $281.8 million. Despite the cut, Amazon remains at 3.7 percent of the book and in the top position by weight. The filing does not disclose reasoning; it reflects only the trade itself.

The scale of the trim is worth noting. Amazon had been the fund's biggest single holding. Moving it down by more than one-third while simultaneously building utility positions suggests a deliberate rebalancing, though the 13F reveals only the action, not the intent.

Which positions did Soros exit completely?

The fund eliminated six holdings in the quarter:

• Jazz Pharmaceuticals (JAZZ 2 06/15/26): was worth $158.4 million
• SDA: was worth $115.7 million
• AM6: was worth $83.2 million
• Hongkong Electric Holdings (HONGBP): was worth $80.9 million
• HO1 (heat oil futures): was worth $76.6 million
• Clearwater Analytics Holdings: was worth $69.6 million

These six exits totaled approximately $584 million in liquidated positions. Jazz Pharmaceuticals represented the single largest departure, having held roughly 2 percent of the portfolio in the prior period. The exits appear unrelated by sector or asset class; they span pharma, analytics software, utilities, and commodities.

What other positions did Soros trim?

Beyond Amazon, Soros made selective cuts to several holdings:

• Rivian 4.625 convertible bond (RIVN 4.625 03/15/29): trimmed 8 percent to $155.8 million
• Lumentum Holdings (LITE 0.5 06/15/28): trimmed 15 percent to $119.3 million
• TKO Group (TKO): trimmed 4 percent to $116.4 million
• JD.com convertible (JD 0.25 06/01/29): trimmed 33 percent to $98.5 million
• Gulfport Energy (GTLS): trimmed 12 percent to $87.0 million

These reductions were smaller in scale than the Amazon cut. The JD.com trim at 33 percent matches the severity of individual exits, yet the position remained in the portfolio. Lumentum, which makes optical components and transceivers for data centers, dropped 15 percent despite the fund's apparent appetite for data center and telecom infrastructure plays elsewhere.

How concentrated is the Soros portfolio?

The top 10 holdings represent 26.9 percent of the $7.6 billion book. This means 244 other positions account for more than 73 percent of assets. The largest individual position, Amazon, sits at 3.7 percent of the total.

This structure suggests a balanced approach rather than a home-run bet on a handful of names. Even after trimming Amazon significantly, it remains the single biggest position. Google at 2.8 percent ties with Nvidia, showing Soros is not building extreme concentration in any single mega-cap even as he adds to the largest.

For a fund managing $7.6 billion, this level of diversification across 254 positions is consistent with a long-term institutional mandate that balances conviction trades against the drag of tiny positions. You can track Soros Fund Management's holdings on an ongoing basis through their own page at https://steadyshares.com/gurus/1029160.

The bottom line

Soros is rotating out of his largest mega-cap tech position while doubling down on utilities, energy infrastructure, and data center real estate. The sharp cuts to Amazon and Jazz Pharmaceuticals alongside the outsized builds in Entergy and Digital Realty paint a portfolio in active transition, not passive drift.

This is educational information, not financial advice.