Investing
George Soros Bets on QuantumScape as Palantir Stake Sale Looms
- Firm held $280 million QuantumScape stake, exited DraftKings
- Palantir position worth $435 million after stock surge
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Soros Fund Management disclosed a stake in an electric-vehicle-battery startup as the billionaire philanthropist’s investment firm raised tech bets and exited its stake in sports betting company DraftKings Inc.
George Soros’s firm said it held $4.6 billion in U.S. stocks at the end of the quarter, an $886 million increase from the prior quarterly period, according to a regulatory filing Tuesday.