Soros Fund Management 13F, Q2 2025
George Soros · quarter ending 30 June 2025 · filed 14 August 2025 · SEC CIK 1029160
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 30 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q2 2025
The 25 largest of 172 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| SMURFIT WESTROCK PLC | $322.79M | 5.5% | +9% shares | |
| SPOTIFY USA INC | SPOT 0 03/15/26 | $215.93M | 3.7% | +10% shares |
| GLOBAL PMTS INC | GPN 1.5 03/01/31 | $179.43M | 3.1% | new |
| PG&E CORP | PCG 4.25 12/01/27 | $163.91M | 2.8% | +175% shares |
| DIGITALOCEAN HLDGS INC | DOCN 0 12/01/26 | $155.76M | 2.7% | unchanged |
| RIVIAN AUTOMOTIVE INC | RIVN 4.625 03/15/29 | $151.26M | 2.6% | -7% shares |
| CENTERPOINT ENERGY INC | CNP 4.25 08/15/26 | $148.00M | 2.5% | unchanged |
| GFL ENVIRONMENTAL INC | GFL | $143.93M | 2.5% | -6% shares |
| LIBERTY BROADBAND CORP | LBRDK | $141.71M | 2.4% | +29% shares |
| FLUTTER ENTMT PLC | $140.05M | 2.4% | -16% shares | |
| INTERACTIVE BROKERS GROUP IN | IBKR | $123.77M | 2.1% | +1027% shares |
| DROPBOX INC | DBX 0 03/01/26 | $122.58M | 2.1% | -6% shares |
| BROWN & BROWN INC | BRO | $110.87M | 1.9% | new |
| SALESFORCE INC | CRM | $106.29M | 1.8% | +14% shares |
| AERCAP HOLDINGS NV | $95.53M | 1.6% | -36% shares | |
| DROPBOX INC | DBX 0 03/01/28 | $93.84M | 1.6% | -8% shares |
| MARRIOTT VACATIONS WORLDWIDE | VAC 0 01/15/26 | $91.99M | 1.6% | unchanged |
| ENTERGY CORP NEW | ETR | $89.59M | 1.5% | unchanged |
| CONFLUENT INC | CFLT 0 01/15/27 | $88.79M | 1.5% | +36% shares |
| ALLIANT ENERGY CORP | LNT 3.875 03/15/26 | $88.56M | 1.5% | +43% shares |
| NVIDIA CORPORATION | NVDA | $85.36M | 1.5% | +836% shares |
| STANDARDAERO INC | SARO | $84.88M | 1.5% | unchanged |
| SOUTHERN CO | SO 4.5 06/15/27 | $84.65M | 1.4% | new |
| AMAZON COM INC | AMZN | $84.00M | 1.4% | -12% shares |
| CLOUDFLARE INC | NET 0 08/15/26 | $74.10M | 1.3% | new |
What changed since Q1 2025
Against the Q1 2025 filing, Soros Fund Management opened 60 new positions, added to 50, trimmed 41, left 21 unchanged and exited 77. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- GPN 1.5 03/01/31$179.43M
- BRO$110.87M
- SO 4.5 06/15/27$84.65M
- NET 0 08/15/26$74.10M
- ARMK$64.90M
- CRCL$55.29M
- IEF$47.88M
- IDA$46.92M
and 52 more
Exited
- AZNNwas $201.57M
- AEPwas $96.04M
- JPMwas $56.66M
- NDAQwas $47.46M
- ASHRwas $45.17M
- LPLAwas $40.89M
- PENN 2.75 05/15/26was $35.97M
- LVSwas $31.17M
and 69 more
Other quarters
Source: SEC Form 13F-HR, accession 0000902664-25-003648, filed by SOROS FUND MANAGEMENT LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.