According to the latest 13F filing from Soros Fund Management, George Soros’ fund sold 3,680 shares of Amazon (AMZN) in Q1 of 2022, reducing his stake by 5%. The fund also slashed its positions in food service company Aramark (ARMK) by 33%.

At the same time, Soros took advantage of the low prices in Tesla-competitor Rivian, buying call options on 6.05 million shares in Q1. Soros already had 19.84 million shares which he bought in Q4, meaning Rivian is by far the largest holding of Soros Fund Management.

It would indicate the fund thinks the electric car maker is poised to seize market share from Tesla in the near future. As Elon Musk is embroiled in controversy over his proposed purchase of social media giant Twitter, and angry liberal political activists are threatening to cease buying Tesla’s electric cars in protest, the decision by Soros to move into Rivian as its stock was bottomed out appears potentially prescient.

In Q1, Soros’ fund also bought 106,250 shares of Salesforce, increasing his stake in the company by 68% to 263,300 shares. The company, which offers cloud-based software solutions to help companies scale customer interactions is viewed as a growth opportunity by several analysts.

Photo Of George Soros courtesy of : Flickr: George Soros – World Economic Forum Annual Meeting 2011