George Soros' Investment Firm Has $500M Stake In Broad Market ETF
Portfolio Pulse from Ryan Gustafson
Soros Fund Management, led by George Soros, disclosed a $500M stake in Invesco QQQ Trust Series 1 (NASDAQ:QQQ) as part of its 13F filing for Q3 2023. The firm reported $7.04 billion in managed 13F securities, with new purchases in 96 stocks and additional purchases in 45 stocks.
November 14, 2023 | 11:40 pm
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Soros Fund Management's 13F filing shows a significant investment in Invesco QQQ Trust Series 1, with a stake valued at $501.5 million, indicating a bullish outlook on the ETF.
The disclosure of a large stake by a prominent investment firm like Soros Fund Management can be seen as a positive endorsement of QQQ, which may lead to increased investor confidence and potential short-term price appreciation.
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