Soros Slashed Rivian Stake After 90% Drop From Peak, Exits Tesla

Billionaire’s equity portfolio valued at about $5 billion
Soros also trimmed Alphabet, Amazon.com, Salesforce, Intuit

By Biz Carson May 12, 2023, 10:20 PM UTC
Soros Fund Management sold about 10.8 million shares of Rivian stock in the first quarter, reducing the market value of the stake to $55.4 million, according to a regulatory filing Friday. The remaining 3.6 million shares are about 1.1% of Soros’s roughly $5 billion US equities portfolio, which fell about $687 million in the first quarter.

https://www.bloomberg.com/news/articles/2023-05-12/soros-slashed-rivian-stake-after-90-drop-from-peak-exits-tesla