Soros Fund Management 13F, Q3 2025
George Soros · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 1029160
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 11 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q3 2025
The 25 largest of 173 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| AMAZON COM INC | AMZN | $488.80M | 7.7% | +482% shares |
| SMURFIT WESTROCK PLC | $329.79M | 5.2% | +4% shares | |
| SPOTIFY USA INC | SPOT 0 03/15/26 | $253.12M | 4.0% | +30% shares |
| GLOBAL PMTS INC | GPN 1.5 03/01/31 | $214.58M | 3.4% | +17% shares |
| ALPHABET INC | GOOGL | $160.05M | 2.5% | +2341% shares |
| PG&E CORP | PCG 4.25 12/01/27 | $159.05M | 2.5% | -5% shares |
| INVESCO EXCHANGE TRADED FD T | RSP | $157.38M | 2.5% | new |
| RIVIAN AUTOMOTIVE INC | RIVN 4.625 03/15/29 | $154.17M | 2.4% | unchanged |
| FORD MTR CO | F 0 03/15/26 | $137.71M | 2.2% | new |
| TKO GROUP HOLDINGS INC | TKO | $125.22M | 2.0% | +85% shares |
| FLUTTER ENTMT PLC | $124.56M | 2.0% | unchanged | |
| DROPBOX INC | DBX 0 03/01/26 | $122.39M | 1.9% | unchanged |
| CENTERPOINT ENERGY INC | CNP 4.25 08/15/26 | $111.07M | 1.8% | -27% shares |
| SALESFORCE INC | CRM | $109.91M | 1.7% | +19% shares |
| INTERACTIVE BROKERS GROUP IN | IBKR | $109.00M | 1.7% | -29% shares |
| NVIDIA CORPORATION | NVDA | $102.19M | 1.6% | unchanged |
| DROPBOX INC | DBX 0 03/01/28 | $95.63M | 1.5% | unchanged |
| SOUTHERN CO | SO 4.5 06/15/27 | $94.02M | 1.5% | +10% shares |
| CONFLUENT INC | CFLT 0 01/15/27 | $89.59M | 1.4% | unchanged |
| APPLE INC | AAPL | $89.05M | 1.4% | +1555% shares |
| ARAMARK | ARMK | $87.18M | 1.4% | +47% shares |
| FIGURE TECHNOLOGY SOLUTIO | FIGR | $81.23M | 1.3% | new |
| MARRIOTT VACATIONS WORLDWIDE | VAC 0 01/15/26 | $76.61M | 1.2% | -18% shares |
| DISNEY WALT CO | DIS | $75.08M | 1.2% | new |
| SUNRUN INC | RUN | $73.00M | 1.1% | new |
What changed since Q2 2025
Against the Q2 2025 filing, Soros Fund Management opened 72 new positions, added to 38, trimmed 39, left 24 unchanged and exited 71. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- RSP$157.38M
- F 0 03/15/26$137.71M
- FIGR$81.23M
- DIS$75.08M
- RUN$73.00M
- KDK$68.18M
- CMS$56.87M
- NCLH 1.125 02/15/27$38.80M
and 64 more
Exited
- LBRDKwas $141.71M
- AERCAP HOLDINGS NVwas $95.53M
- SNAP 0.75 08/01/26was $45.59M
- OKTA INCwas $42.80M
- W 3.25 09/15/27was $42.73M
- JBTMwas $39.72M
- ENSTAR GROUP LIMITEDwas $34.78M
- DUN & BRADSTREET HLDGS INCwas $33.28M
and 63 more
Added to
- AMZN+482%$488.80M
- SMURFIT WESTROCK PLC+4%$329.79M
- SPOT 0 03/15/26+30%$253.12M
- GPN 1.5 03/01/31+17%$214.58M
- GOOGL+2341%$160.05M
- TKO+85%$125.22M
- CRM+19%$109.91M
- SO 4.5 06/15/27+10%$94.02M
and 30 more
Trimmed
- PCG 4.25 12/01/27-5%$159.05M
- CNP 4.25 08/15/26-27%$111.07M
- IBKR-29%$109.00M
- VAC 0 01/15/26-18%$76.61M
- SNOW-6%$58.22M
- LNT 3.875 03/15/26-45%$51.21M
- PONY-2%$46.76M
- IEF-6%$45.59M
and 31 more
Other quarters
Source: SEC Form 13F-HR, accession 0000902664-25-005044, 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.