George Soros Fund Loads Up On Apple Shares
Howard Smith: It's just natural that investors like to track what billionaires are doing with their money. When it was disclosed that the fund led by famed 91-year-old investor George Soros held more than $2 billion in Rivian stock at the close of 2021, retail investors jumped in, too. That sent share prices up as much as 10% in the first full trading day after Soros' fund filing. But even with that pop, investors today can get Rivian shares almost 40% lower than where Soros' investment was valued as of Dec. 31, 2021.
George Soros’ fund loads up on Apple shares
Specifically, hedge funds collectively bought nearly 37 million shares of this EV stock last quarter. That made it the single-most bought EV stock by hedge funds in the third quarter of 2022 (by share volume).