--- title: "Soros Q4 portfolio adjustment roadmap: drastically cut Snowflake, aggressively buy Microsoft and NVIDIA, and establish positions in gold stocks" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/275959699.md" description: "Soros Fund Management significantly adjusted its portfolio in the fourth quarter, increasing its holdings in technology stocks such as Microsoft, NVIDIA, and Apple, while reducing its positions in high-volatility and financial stocks like Snowflake, Circle Internet Group, and Interactive Brokers. In terms of new positions, the fund purchased gold-related assets, indicating a focus on technology and defensive sectors" datetime: "2026-02-14T02:02:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275959699.md) - [en](https://longbridge.com/en/news/275959699.md) - [zh-HK](https://longbridge.com/zh-HK/news/275959699.md) --- > 支持的语言: [English](https://longbridge.com/en/news/275959699.md) | [繁體中文](https://longbridge.com/zh-HK/news/275959699.md) # Soros Q4 portfolio adjustment roadmap: drastically cut Snowflake, aggressively buy Microsoft and NVIDIA, and establish positions in gold stocks According to the latest 13F holdings report, Soros Fund Management, under George Soros, made significant adjustments to its portfolio in the fourth quarter, focusing on increasing its holdings in tech giants while engaging in "buying low and selling high" operations in energy and cryptocurrency stocks. **In terms of tech giants,** the document shows that Soros Fund significantly increased its exposure to core tech stocks. The specific increases are as follows: added 161,000 shares of Microsoft (MSFT.US), added 118,000 shares of NVIDIA (NVDA.US), and added approximately 66,000 shares of Apple. **In the software and mobility sectors,** in addition to hardware giants, the fund also took action in software and mobility, increasing its holdings in Atlassian (TEAM.US) by approximately 216,000 shares, Salesforce (CRM.US) by approximately 55,000 shares, and Uber (UBER.US) by approximately 119,000 shares. Utilities and gaming: a blend of defense and growth. In defensive sectors and consumer areas, Soros Fund increased its holdings in utility company Exelon (EXC.US) by approximately 488,000 shares and gaming giant Electronic Arts (EA.US) by approximately 318,000 shares. **"Cutting positions": reducing high volatility and financial stocks** In terms of reductions, Soros Fund took profits or cut losses on some stocks that had previously risen significantly: · Snowflake (SNOW.US): significantly reduced approximately 168,000 shares, with a large cut. · Circle Internet Group (CRCL.US): reduced approximately 151,000 shares of Class A stock. · Interactive Brokers (IBKR.US): reduced approximately 813,000 shares, indicating a cautious attitude towards the financial brokerage sector. **Liquidations and new positions: clear intention to adjust holdings** · New positions: In this quarter, the fund opened new lines by purchasing gold-related assets such as New Gold (NGD.US), while also building positions in DigitalBridge (DBRG.US), Blue Owl Capital (OWL.US), Exact Sciences (EXAS.US), and Xcel Energy (XEL.US). · Liquidations: Completely exited positions in KeyCorp (KEY.US), CareTrust REIT (CTRE.US), Cipher Mining (CIFR.US), and KKR & Co. (KKR.US), indicating that Soros Fund is moving away from traditional banks and some cryptocurrency mining stocks, shifting towards more robust or defensive sectors. Overall, Soros Fund's operational strategy in the fourth quarter is very clear: embrace AI and core tech assets like Microsoft and NVIDIA, avoid high-volatility cloud and data companies like Snowflake, while hedging against macro uncertainties by building positions in gold stocks. This "give and take" adjustment strategy reflects the pursuit of certainty and safety margins by top hedge funds in the context of global economic uncertainties ### 相关股票 - [Zijin Mining (601899.CN)](https://longbridge.com/zh-CN/quote/601899.CN.md) - [ZHONGJIN GOLD (600489.CN)](https://longbridge.com/zh-CN/quote/600489.CN.md) - [Kinross Gold (KGC.US)](https://longbridge.com/zh-CN/quote/KGC.US.md) - [Agnico Eagle Mines (AEM.US)](https://longbridge.com/zh-CN/quote/AEM.US.md) - [NVIDIA (NVDA.US)](https://longbridge.com/zh-CN/quote/NVDA.US.md) - [Gold.com (GOLD.US)](https://longbridge.com/zh-CN/quote/GOLD.US.md) - [SD-GOLD (600547.CN)](https://longbridge.com/zh-CN/quote/600547.CN.md) - [Newmont (NEM.US)](https://longbridge.com/zh-CN/quote/NEM.US.md) - [EFUND GOLD MI ETF (02824.HK)](https://longbridge.com/zh-CN/quote/02824.HK.md) - [VanEck Junior Gold Miners ETF (GDXJ.US)](https://longbridge.com/zh-CN/quote/GDXJ.US.md) - [iShares MSCI Global Gold Miners (RING.US)](https://longbridge.com/zh-CN/quote/RING.US.md) - [Guotai CES Semiconductor Chip Industry ETF (512760.CN)](https://longbridge.com/zh-CN/quote/512760.CN.md) - [Direxion Daily NVDA Bull 2X Shares (NVDU.US)](https://longbridge.com/zh-CN/quote/NVDU.US.md) - [iShares Gold Trust (IAU.US)](https://longbridge.com/zh-CN/quote/IAU.US.md) - [ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF (159562.CN)](https://longbridge.com/zh-CN/quote/159562.CN.md) - [Roundhill Gold Miners Weeklypay ETF (GDXW.US)](https://longbridge.com/zh-CN/quote/GDXW.US.md) - [YieldMax NVDA Option Income Strategy ETF (NVDY.US)](https://longbridge.com/zh-CN/quote/NVDY.US.md) - [SPDR S&P Semicon (XSD.US)](https://longbridge.com/zh-CN/quote/XSD.US.md) - [YieldMax Gold Miners Opt Inc Strgy ETF (GDXY.US)](https://longbridge.com/zh-CN/quote/GDXY.US.md) - [ChinaAMC Gold ETF (518850.CN)](https://longbridge.com/zh-CN/quote/518850.CN.md) - [Spdr Select Tech (XLK.US)](https://longbridge.com/zh-CN/quote/XLK.US.md) - [GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF (512480.CN)](https://longbridge.com/zh-CN/quote/512480.CN.md) - [YieldMax SNOW Option Income Strategy ETF (SNOY.US)](https://longbridge.com/zh-CN/quote/SNOY.US.md) - [VanEck Semiconductor ETF (SMH.US)](https://longbridge.com/zh-CN/quote/SMH.US.md) - [ISHRS S&P Glb It (IXN.US)](https://longbridge.com/zh-CN/quote/IXN.US.md) - [EFUND GOLD MI-R (82824.HK)](https://longbridge.com/zh-CN/quote/82824.HK.md) - [T-Rex 2X Long Microsoft Daily Target ETF (MSFX.US)](https://longbridge.com/zh-CN/quote/MSFX.US.md) - [Sprott GLD Miners Etf (SGDM.US)](https://longbridge.com/zh-CN/quote/SGDM.US.md) - [Invesco Semiconductors ETF (PSI.US)](https://longbridge.com/zh-CN/quote/PSI.US.md) - [GraniteShares 2x Long NVDA Daily ETF (NVDL.US)](https://longbridge.com/zh-CN/quote/NVDL.US.md) - [YieldMax MSFT Option Income Strategy ETF (MSFO.US)](https://longbridge.com/zh-CN/quote/MSFO.US.md) - [Direxion Semicon Bull 3X (SOXL.US)](https://longbridge.com/zh-CN/quote/SOXL.US.md) - [T-Rex 2X Long NVIDIA Daily Target ETF (NVDX.US)](https://longbridge.com/zh-CN/quote/NVDX.US.md) - [XL2CSOPNVDA (07788.HK)](https://longbridge.com/zh-CN/quote/07788.HK.md) - [XI2CSOPNVDA (07388.HK)](https://longbridge.com/zh-CN/quote/07388.HK.md) - [Direxion Daily NVDA Bear 1X ETF (NVDD.US)](https://longbridge.com/zh-CN/quote/NVDD.US.md) - [T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ.US)](https://longbridge.com/zh-CN/quote/NVDQ.US.md) ## 相关资讯与研究 - [Gold Hunter shifts from quiet buildup to fully funded drilling push at Newfoundland gold district](https://longbridge.com/zh-CN/news/281261616.md) - [Norsemont Commences Trading on the OTCQX Market | NRRSF Stock News](https://longbridge.com/zh-CN/news/281383766.md) - [Fractile Seeks $200 Million as Nvidia Faces Inference Pressure](https://longbridge.com/zh-CN/news/281215985.md) - [Microsoft, Chevron, Engine No. 1 in Talks for Proposed Power Generation Deal](https://longbridge.com/zh-CN/news/281503134.md) - [Argentarii LLC Acquires 20,602 Shares of NVIDIA Corporation $NVDA](https://longbridge.com/zh-CN/news/281612604.md)