Soros US Equity Holdings Drop by $2 Billion, Led by Rivian Slide
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Soros Fund Management’s US equity positions tumbled by almost $2 billion in the first quarter to $5.2 billion, fueled by a decline in the value of its stake in electric-vehicle maker Rivian Automotive Inc. and exits from large holdings including IHS Markit Ltd.
George Soros’s investment firm reported its biggest single position was Rivian, which went public in November. Its 19.84 million shares were worth about $1 billion at the end of March, according to a filing Friday. The stock has plunged 47% since the end of the first quarter, extending its decline for the year to 74%.