An odd feature of the stock market in 2024 has been that, despite multiple companies reaching unprecedented highs, well-diversified portfolios of prominent investors have struggled to even remain en par with the benchmark S&P 500 index.
For example, an investment in the top 5 holdings of Michael Burry would have returned 11.33%. A similar purchase of the biggest Warren Buffett holdings would have grown 11.24% by June 17, and of Robert Kiyosaki’s 37% by June 13.
The S&P 500 itself is 15.13% in the green in the year-to-date (YTD) chart by July 1, 2024.
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Continuing with the examination of just how well some of the most famous investors are doing in the current market, Finbold decided to take a look at how much a $1,000 investment in George Soros’ top 5 holdings on January 2 would have appreciated by press time.
Investing in the George Soros portfolio
For simplicity’s sake, several of Soros’ top holdings will be excluded from the calculation, given that they constitute put options. Instead, the estimates will focus on the billionaire’s five biggest non-derivative investments, assuming an equal spread of the original $1,000.
To begin with, $200 invested in Alphabet (NASDAQ: GOOGL) shares on January 2 would be worth $263.67 at press time given the stock is 31.83% in the green YTD.
An investment of the same size in AerCap Holdings N.V. (NYSE: AER) – an aviation leasing company – would have grown to $257.63 by July 1, 2024, as the company’s shares are up 28.82% since the start of the year.
The third-biggest holding has not been a winner so far. Indeed, $200 worth of Rivian (NASDAQ: RIVN) shares purchased right after New Year’s Day would have diminished to $127.2 after a 36.40% YTD fall.
The fourth holding, however, stands in stark contrast to the third. Indeed, MicroStrategy (NASDAQ: MSTR) is an impressive 101.05% up since the year began, and a $200 investment made six months ago would have appreciated to $402.09.
FInally, $200 worth of DigitalOcean Holdings (NYSE: DOCN) shares purchased on January 2 would have remained mostly level and would have declined only 4.11% to $191.78.
In summary, a $1,000 investment made in George Soros’ top 5 holdings at the very start of 2024 would have grown by 24.24% to $1,242.37, meaning such a strategy would have outperformed the S&P 500.
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