Soros Fund Management buys Sierra Wireless, exits Kinder Morgan in Q3

George Soros’ Soros Fund Management disclosed in an SEC filing its holdings as of September 30, 2022. The fund’s 27 new buys during the third quarter included, by size of position, Sierra Wireless (SWIR), Booking Holdings (BKNG), Agree Realty Corp. (ADC), Sarepta (SRPT), and Union Pacific (UNP). Soros exited 25 holdings during the quarter, including by size of previous position Albertsons (ACI), Kinder Morgan (KMI), Opendoor (OPEN), Camping World (CWH), and Ross Stores (ROST). The fund increased its stake in 20 holdings, including by size of previous position BNY Mellon (BK), Disney (DIS), Uber (UBER), Atlassian (TEAM), and Invesco QQQ Trust Series 1 (QQQ). Soros reduced its stake in 21 holdings, including by size of previous position Liberty Broadband Class C (LBRDK), DR Horton (DHI), Alphabet Class A (GOOGL), Analog Devices (ADI), and Starry Group (STRY). The fund’s top holdings as of September 30, in order of size, were Rivian (RIVN), Amazon (AMZN), DR Horton, Aramark (ARMK), Bowlero Corp. Class A (BOWL).