George Soros has executed one of his most aggressive portfolio reshuffles, increasing exposure to the mega-cap technology sector.
His latest Q3 2025 13F filings show a clear rotation toward Big Tech, AI-linked assets, and diversified hedges.
A breakdown of the portfolio shift indicates that Soros Fund Management dramatically increased positions in Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL), and Apple (NASDAQ: AAPL).
Amazon stake surged 482% to 2.2 million shares ($489 million), roughly 10% of the portfolio. Alphabet jumped 2,341% to 658,000 shares ($160 million), and Apple rose 1,555% to 350,000 shares ($89 million). Stakes in Microsoft and Mr. Cooper were also significantly expanded.
Soros new positions
Alongside these increases, Soros added new positions, with the largest being a $157 million stake in the Invesco S&P 500 Equal Weight ETF, representing 3% of the portfolio. The fund also initiated major holdings in Figure Technology, Disney, Sunrun, and autonomous-trucking startup Kodiak AI. A $136 million investment in Ford convertible notes further bolstered hybrid equity-debt exposure.
The quarter also introduced new macro hedges, including $101 million in semiconductor ETF puts, $101 million in China tech calls via KWEB, and $89 million in long-dated Treasury calls, reflecting a mixed outlook that balances sector risk, U.S. rate volatility, and anticipated Chinese stimulus.
These moves came as Soros Fund Management exited 89 positions, marking a decisive departure from prior allocations in industrials, transportation, healthcare, and consumer names.
Major exits included Nike, CSX, Canadian Pacific, Walgreens, and a residual Tesla stake. The firm also fully liquidated Liberty Broadband, AerCap, and other long-held positions, underscoring the depth of the rotation.
By quarter’s end, the portfolio held 159 stocks, with overall changes highlighting Soros’ renewed conviction in Big Tech dominance amid a volatile macro environment.
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