Key Takeaways
- • Soros Fund Management disclosed new equity positions in Berkshire Hathaway (133,277 shares valued at $63.9 million), Johnson & Johnson (38,476 shares), and Mastercard (30,452 Class A shares) in its Q1 2026 13F SEC filing, representing the fund's first Berkshire Hathaway holdings since at least December 31, 2025.
- • The Berkshire Hathaway purchase timing follows Greg Abel's appointment as new CEO after Warren Buffett's exit, with the fund potentially viewing a 4.7% stock decline in Q4 2025 as a buying opportunity in the market dislocation.
- • Soros Fund significantly increased exposure to semiconductor and technology stocks, raising Nvidia holdings by 61.2% to 1,073,206 shares and Apple positions by 20.3% to 500,534 shares during Q1 2026.
- • The fund trimmed positions in mega-cap technology stocks, reducing Amazon by 17.5%, Microsoft by 19.4%, and Alphabet by 10.2%, while eliminating its Tesla holdings entirely (6.3% reduction).
- • Soros Fund Management, managing approximately $25 billion in assets as of the filing date, continues to execute concentrated bets across global markets with material portfolio adjustments signaling tactical reallocation toward selective value and semiconductor exposure.
Summary
Soros Fund Management revealed new and expanded equity stakes across financial, healthcare, and technology sectors through its quarterly 13F filing with the U.S. Securities and Exchange Commission, disclosing holdings as of March 31, 2026. The fund initiated a position in Berkshire Hathaway for the first time in recent quarters, acquiring 133,277 shares valued at $63.9 million despite holding no shares as of December 31, 2025. This entry point coincided with Berkshire Hathaway's 4.7% stock decline during the fourth quarter of 2025, suggesting the fund may have viewed the pullback as an attractive entry opportunity. The timing of the Berkshire position is notable given the concurrent appointment of Greg Abel as Berkshire's new CEO following Warren Buffett's transition from the company.
Beyond Berkshire Hathaway, Soros Fund established new positions in Johnson & Johnson and Mastercard, acquiring 38,476 J&J shares and 30,452 Mastercard Class A shares respectively. These additions represent selective exposure to established healthcare and financial services franchises during a period of broader portfolio repositioning.
The fund's most significant capital deployment in the quarter targeted semiconductor and selective technology exposure. Nvidia holdings surged 61.2% to 1,073,206 shares, while Apple positions increased 20.3% to 500,534 shares, reflecting conviction in artificial intelligence infrastructure and consumer technology demand drivers entering the second quarter of 2026.
Concurrent with these accumulations, Soros Fund trimmed exposure to several mega-cap technology holdings, signaling a tactical shift in technology sector allocation. Amazon stakes declined 17.5%, Microsoft positions fell 19.4%, and Alphabet holdings contracted 10.2%. The fund also completely liquidated its Tesla position, reducing exposure by 6.3%.
Soros Fund Management, which manages approximately $25 billion in assets under management, continues its established pattern of executing concentrated, directional bets across global equity markets. The Q1 2026 portfolio adjustments reflect a rebalancing toward semiconductor leadership, selective value exposure via Berkshire Hathaway's entry, and tactical reduction in mega-cap cloud computing and software positions, consistent with an institutional investor managing substantial capital across market cycles.
Beyond Berkshire Hathaway, Soros Fund established new positions in Johnson & Johnson and Mastercard, acquiring 38,476 J&J shares and 30,452 Mastercard Class A shares respectively. These additions represent selective exposure to established healthcare and financial services franchises during a period of broader portfolio repositioning.
The fund's most significant capital deployment in the quarter targeted semiconductor and selective technology exposure. Nvidia holdings surged 61.2% to 1,073,206 shares, while Apple positions increased 20.3% to 500,534 shares, reflecting conviction in artificial intelligence infrastructure and consumer technology demand drivers entering the second quarter of 2026.
Concurrent with these accumulations, Soros Fund trimmed exposure to several mega-cap technology holdings, signaling a tactical shift in technology sector allocation. Amazon stakes declined 17.5%, Microsoft positions fell 19.4%, and Alphabet holdings contracted 10.2%. The fund also completely liquidated its Tesla position, reducing exposure by 6.3%.
Soros Fund Management, which manages approximately $25 billion in assets under management, continues its established pattern of executing concentrated, directional bets across global equity markets. The Q1 2026 portfolio adjustments reflect a rebalancing toward semiconductor leadership, selective value exposure via Berkshire Hathaway's entry, and tactical reduction in mega-cap cloud computing and software positions, consistent with an institutional investor managing substantial capital across market cycles.
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