Soros loads up on banks, cloud-based software companies

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Billionaire George Soros showed interest in big banks and cloud-computing companies in the second quarter, according to a filing with the Securities and Exchange Commission. In the quarter ended June 30, Soros Fund Management added a new 1.2 million-share position in Bank of America Corp. , a new 515,000-share position in Citigroup Inc. , a new 258,000-share position in J.P. Morgan Chase , a new 582,000-share position in Morgan Stanley , a new 217,000-position in PNC Financial Services Group Inc. , and a new 762,000-share position in Wells Fargo & Co. . Soros also added a new 69,000-share position in CrowdStrike Holdings Inc. , and new positions of about half that size in DataDog Inc. , Palo Alto Networks Inc. , Zendesk Inc. , Splunk Inc. , and Zscaler Inc. . Soros eliminated his positions in Walt Disney Co. and Boeing Co. . Notably, he also sold off almost all of his 2 million stake in Inovio Pharmaceuticals Inc. , and trimmed his 3-million stake in Peloton Interactive Inc. to 509,000 shares.
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