George Soros's Q2 2025 13F Portfolio Update: Key Investments and Changes

George Soros' Q2 2025 13F portfolio update is part of an ongoing series analyzing the changes in his stock portfolio. Based on his regulatory 13F filings, this article provides a summary of the principal points.

George Soros' Q2 2025 13F portfolio update, part of an ongoing series analyzing changes in his stock portfolio, reveals several notable shifts and new positions. Based on his regulatory 13F filings, here are the principal points:

Portfolio Overview:
- The value of Soros Fund Management's 13F portfolio increased from $6.70B to $7.97B this quarter.
- The number of positions decreased from 209 to 202.
- Very small stock positions and large debt holdings account for around two-thirds of the 13F holdings.

New Stakes:
- Brown & Brown (BRO): A 1.39% position established this quarter at prices between ~$102 and ~$126. The stock currently trades below that range at $94.24.
- Microsoft (MSFT) & Calls: The 1.15% MSFT stake was purchased this quarter at prices between ~$345 and ~$501, and the stock is now at the top of that range at ~$501.
- Aramark (ARMK): A small 0.81% position established this quarter at prices between ~$30 and ~$42. The stock currently trades at $38.87.
- Circle Internet Group (CRCL): A small 0.69% stake established this quarter at prices between ~$64 and ~$299. The stock has appreciated significantly, trading at ~$134.

Stake Disposals:
- AstraZeneca (AZN): The third-largest individual stock position at ~3% of the portfolio as of last quarter was sold this quarter at prices between ~$61 and ~$76. The stock currently trades at $81.10.
- American Electric Power (AEP): The 1.43% of the portfolio AEP stake was disposed of this quarter at prices between ~$98 and ~$111. The stock currently trades at ~$109.

Stake Increases:
- Smurfit Westrock (SW): The largest individual stock position at ~4% of the portfolio saw a ~9% increase this quarter at prices between ~$37 and ~$47. The stock currently trades at $45.64.
- Liberty Broadband (LBRDK): The stake increased by ~30% this quarter at prices between ~$71 and ~$104. The stock currently trades at $60.79.
- Interactive Brokers (IBKR): A 1.55% position primarily built this quarter at prices between ~$33 and ~$56. The stock currently trades above that range at $63.34.
- Snowflake (SNOW): The 0.77% SNOW stake saw the position almost doubled this quarter at prices between ~$142 and ~$225. The stock is now at ~$225.
- Corebridge Financial (CRBG): A small 0.75% position saw a ~25% stake increase this quarter at prices between ~$24 and ~$36. The stock currently trades at $33.88.
- CRH plc (CRH): A small 0.68% stake saw a ~45% increase this quarter at prices between ~$77 and ~$100. The stock is now at ~$115.

Stake Decreases:
- First Solar (FSLR): The large (top three) 3.75% of the portfolio stake in FSLR was trimmed by ~9% this quarter at prices between ~$117 and ~$199. The stock currently trades at ~$203.
- Flutter Entertainment (FLUT): A 1.76% position saw a ~16% reduction this quarter at prices between ~$197 and ~$286. It is now at ~$292.
- Salesforce Inc. (CRM): The 1.33% CRM stake was trimmed by ~12% this quarter at prices between ~$230 and ~$296. The stock currently trades at ~$246.
- AerCap Holdings (AER): The 1.20% AER stake saw a ~35% reduction this quarter at prices between ~$86 and ~$118. The stock currently trades at ~$124.

Other Notable Changes:
- Accenture plc (ACN), GFL Environmental (GFL), and UL Solutions (ULS): These stakes were reduced this quarter.

This quarter's update highlights Soros' continued focus on diversified, long-term investments, with a mix of new stakes and adjustments to existing positions. For more detailed information, refer to the original 13F filings and the analysis provided by John Vincent Tracking George Soros's 13F Portfolio - Q2 2025 Update^[1].