Soros dumps Lucid and 2M shares of its biggest holding Rivian, adds Tesla

Written by Cláudio Afonso | [email protected] | LinkedIn | Twitter

George Soros’ Soros Fund Management filed a new Form 13F on Friday, disclosing its holdings at the end of the second quarter of 2022. The fund sold 2 million shares of its biggest holding, the EV maker Rivian while dumping its 600,000 Lucid shares and adding nearly 30,000 shares of Tesla.

Rivian Holdings

File Date	Effective Date	Form	Reported Shares	Difference Shares
2022-08-12	2022-06-30	13F	17,835,511	-2,000,250
2022-05-13	2022-03-31	13F	19,835,761	0
2022-02-11	2021-12-31	13F	19,835,761	—

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Lucid Holdings

File Date	Effective Date	Form	Reported Shares	Difference Shares
2022-08-12	2022-06-30	13F	0	600,000
2022-05-13	2022-03-31	13F	600,000	—

Earlier this month, Lucid reported $97.3 million of Revenue on deliveries of 679 vehicles and adjusted its 2022 production volume outlook to a range of 6,000 to 7,000 vehicles.

Earlier in the week, California Public Employees Retirement System reported that increased its position in the EV maker by 20.69% to a total of 966,064 shares, valued at $16.58 million as of the end of Q2 2022.

Tesla Holdings

File Date	Effective Date	Form	Reported Shares	Difference Shares
2022-08-12	2022-06-30	13F	29,883	19,883
2017-08-14	2017-06-30	13F	0	400
2017-05-15	2017-03-31	13F	400	—

According to drone footage released last Friday, the automaker Tesla has nearly 9,000 vehicles ready to ship at Shanghai’s Southport Terminal, in China representing a new record for the company indicating that the output at the most productive Gigafactory might be increasing.

Tesla’s stock comes just after Tesla’s shareholders voted in favor of a 3:1 stock split which will take place on August 25.

Soros’ biggest Holdings as of June 30, 2022

Security	Shares (M)	ΔShares (%)	Value ($M)	Portfolio (%)	ΔPortfolio (%)
Rivian Automotive Inc – Class A	17.84	-10.08	459.09	8.1754	-6.9844
Amazon.com, Inc.	2.00	2,734.54	212.90	3.7913	0.2843
Liberty Broadband Corporation, Class C	1.75	-34.44	202.35	3.6035	-1.8908
American Campus Communities, Inc.	3.13	—	201.47	3.5878	3.5878
D.R. Horton, Inc.	2.98	-1.23	197.07	3.5094	0.0927
Biohaven Pharmaceutical Holding Co Ltd	1.26	—	182.87	3.2565	3.2565
Alleghany Corporation	0.20	—	168.25	2.9963	2.9963

As of June 30, Soros Fund Management had 270 holdings with the portfolio valued at $5,615,445,000 with its top holdings being Rivian Automotive Inc, Amazon.com, Liberty Broadband Corporation, American Campus Communities, and D.R. Horton.

The management fund ended 2021 holding 1.26 million GM shares having sold them in the first quarter of the year.

Last week, U.S. largest EV subscription company Autonomy placed an order for 23,000 electric vehicles from 17 automakers including Tesla, Rivian and Lucid to “expand and diversify its subscription fleet”.

Written by Cláudio Afonso | [email protected] | LinkedIn | Twitter