Soros Fund Management 13F, Q4 2025
George Soros · quarter ending 31 December 2025 · filed 13 February 2026 · SEC CIK 1029160
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 15 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q4 2025
The 25 largest of 229 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| AMAZON COM INC | AMZN | $544.64M | 7.3% | +6% shares |
| SPOTIFY USA INC | SPOT 0 03/15/26 | $221.23M | 3.0% | +5% shares |
| ALPHABET INC | GOOGL | $200.03M | 2.7% | -3% shares |
| RIVIAN AUTOMOTIVE INC | RIVN 4.625 03/15/29 | $180.33M | 2.4% | -3% shares |
| GLOBAL PMTS INC | GPN 1.5 03/01/31 | $175.69M | 2.4% | -17% shares |
| JAZZ INVESTMENTS I LTD | JAZZ 2 06/15/26 | $173.18M | 2.3% | new |
| CONFLUENT INC | CFLT 0 01/15/27 | $160.81M | 2.2% | +74% shares |
| SALESFORCE INC | CRM | $137.55M | 1.8% | +12% shares |
| DROPBOX INC | DBX 0 03/01/26 | $137.55M | 1.8% | +12% shares |
| PG&E CORP | PCG 4.25 12/01/27 | $137.49M | 1.8% | -15% shares |
| TKO GROUP HOLDINGS INC | TKO | $132.84M | 1.8% | +3% shares |
| MICROSOFT CORP | MSFT | $127.21M | 1.7% | +159% shares |
| NVIDIA CORPORATION | NVDA | $124.15M | 1.7% | +22% shares |
| APPLE INC | AAPL | $113.16M | 1.5% | +19% shares |
| KODIAK AI INC. | KDK | $108.85M | 1.5% | unchanged |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $106.32M | 1.4% | +157% shares |
| DAYFORCE INC | DAY | $102.99M | 1.4% | new |
| SPDR S&P 500 ETF TR | SPY | $96.60M | 1.3% | +45% shares |
| DROPBOX INC | DBX 0 03/01/28 | $93.41M | 1.3% | unchanged |
| SMURFIT WESTROCK PLC | $92.89M | 1.3% | -69% shares | |
| EXACT SCIENCES CORP | EXK | $87.75M | 1.2% | new |
| ELECTRONIC ARTS INC | EA | $87.54M | 1.2% | +290% shares |
| CYBERARK SOFTWARE LTD | $87.47M | 1.2% | +190% shares | |
| ETSY INC | ETSY 0.125 10/01/26 | $85.98M | 1.1% | +162% shares |
| FIGURE TECHNOLOGY SOLUTIO | FIGR | $85.67M | 1.1% | -6% shares |
What changed since Q3 2025
Against the Q3 2025 filing, Soros Fund Management opened 124 new positions, added to 45, trimmed 42, left 18 unchanged and exited 68. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- JAZZ 2 06/15/26$173.18M
- DAY$102.99M
- EXK$87.75M
- NGDN$84.42M
- BILL 0 04/01/30$83.34M
- 8QR$81.34M
- SYU1$71.99M
- AM6$71.20M
and 116 more
Exited
- F 0 03/15/26was $137.71M
- SO 4.5 06/15/27was $94.02M
- ARMKwas $87.18M
- IEFwas $45.59M
- INTERPUBLIC GROUP COS INCwas $40.50M
- MERUS N Vwas $38.13M
- NET 0 08/15/26was $31.10M
- MR COOPER GROUP INCwas $30.87M
and 60 more
Other quarters
Source: SEC Form 13F-HR, accession 0000902664-26-000998, 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.