George Soros is exiting the Electric Vehicle sector, slashing his stake is Rivian after the electric carmaker saw a 90 decline in its shares, and exiting a positron he held in Telsa Inc.

In the first quarter, Soros Fund Management offloaded roughly 10.8 million shares of Rivian stock, cutting the market value of the fund’s stake to $55.4 million, according to a Friday regulatory filing. The remaining 3.6 million shares comprise about 1.1% of the roughly $5 billion in Soros’ US equities portfolio, after his fund lost roughly $687 million in the first quarter.

The New  York-based fund also offloaded its entire $16 million interest in Tesla, after entering it during a push into big tech in the second quarter of 2022. The fund also cut back other positions in tech-related firms, including positions in Alphabet Inc., Amazon.com Inc., Salesforce Inc. and Intuit Inc.

Rivian was down roughly 90% at year-end compared to its intra-day peak in November of 2021.

At age 92, Soros’ net worth is estimated at about $8.5 billion, according to the Bloomberg Billionaire’s Index. He is known for having spent billions on a range of philanthropic efforts, as well as using his fortune on a range of political interest groups dedicated to promoting progressive politics through his Open Society Foundations. The majority of his firm’s assets are property of the foundations, rather than of the Soros family.

If money managers oversee more than $100 million is US stocks, they are required to file a 13F form within 45 days of each quarter’s end, to list their holdings in stocks that are traded on US exchanges.

These reports are one of the few places where one can gain a window into how these hedge funds, and large family offices are taking their positions and investing their capital.