George Soros’s Soros Fund Management reduced its weighting in consumer discretionary stocks by more than any other industry during Q3, exiting its stakes in Rivian Automotive (NASDAQ:RIVN) and Mobileye Global (NASDAQ:MBLY), according to the hedge fund’s 13F filing on Tuesday.
The firm boosted its positions in AerCap Holdings N.V. (NYSE:AER) to 1.86M shares from 841.2K shares, Jacobs Solutions (NYSE:J) to 197.1K shares from 25.9K shares, and Cboe Global Markets (BATS:CBOE) to 331.8K shares from 262.8K shares.
It trimmed its holdings in RenaissanceRe Holdings (NYSE:RNR) to 111.3K from 186.6K, T-Mobile US (NASDAQ:TMUS) to 28.5K from 86.5K, and Fortive (NYSE:FTV) to 62.7K from 158.2K, the filing showed.
One of its new stakes was Activision Blizzard (ATVI), with 3M shares.