Soros charges to banks, cloud-based software companies

Billionaire George Soros showed interest in large banks and cloud computing companies in the second quarter, according to a submission to the Securities and Exchange Commission. In the quarter ended June 30, Soros Fund Management added a new 1.2 million stake in Bank of America Corp. BAC,
+ 0.45%,
a new position of 515,000 shares in Citigroup Inc. C,
+ 0.07%,
a new position of 258,000 shares in JP Morgan Chase JPM,
+ 0.03%,
a new 582,000 shareholding in Morgan Stanley MS,
+ 0.23%,
a new position of 217,000 in PNC Financial Services Group Inc. PNC,
+ 0.66%,
and a new position of 762,000 shares in Wells Fargo & Co. WFC,
+ 1.11%.
Soros also added a new 69,000 shareholding in CrowdStrike Holdings Inc. CRWD,
+ 0.35%,
and new positions of about half that size in DataDog Inc. DDOG,
-1.43%,
Palo Alto Networks Inc. PANW,
-0.93%,
Zendesk Inc. ZEN,
-0.05%,
Splunk Inc. SPLK,
-0.53%,
and Zscaler Inc. ZS,
+ 0.67%.
Soros eliminated his positions in Walt Disney Co. DIS,
-0.32%
and Boeing Co. BA,
+ 1.91%.
Notably, he also sold nearly all of his $ 2 million stake in Inovio Pharmaceuticals Inc. INO,
+ 2.74%,
and secured its $ 3 million stake in Peloton Interactive Inc. PTON,
-2.08%
up to 509,000 shares.