Billionaire investor George Soros’ mutual fund has bought stakes in Tesla Inc. and Ford Motor Co. and increased existing stakes in electric vehicle makers Lucid Group Inc. and Nio Inc., according to a filing late Friday.
The fund acquired 29.5 million shares of Ford F, up 2.21% in the period ended June, the filing showed. It snapped up almost 30,000 Tesla TSLA, +4.68% shares in a new position.
New positions for the fund also included bets on Twitter Inc. TWTR, +0.73%, the social media company that is in the middle of a row with Tesla CEO Elon Musk over their failed deal.
However, it sold some of its holdings in Rivian Automotive Inc. RIVN, -0.13%, and ended the period with just under 18 million shares from previous holdings of around 20 million shares.
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New holdings for the fund also included Las Vegas Sands Corp. LVS, +2.60% and Uber Technologies Inc. UBER, +0.71%
Among other things, the fund sold all of its shares in Bank of America Corp. BAC, +1.09% and Citigroup Inc. C, +0.70% and gaming company Take Two Interactive Inc. TTWO, +2.05%.