Soros Fund increased its holdings in Nvidia and Apple in the first quarter, and also bought the dip in Berkshire.

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Soros Fund steps in to bottom-fish Berkshire Hathaway, right after Buffett steps down.

Soros Fund Management, founded by George Soros, bought Berkshire Hathaway stock for the first time in the first quarter of this year. At the same time, the fund’s total equity holdings rose by 5.7% against the market to $9.12 billion, while the S&P 500 index fell 4.6% during the same period.

According to the 13F filing submitted to the U.S. Securities and Exchange Commission, as of March 31, the Soros Fund held 133,277 shares of Berkshire Hathaway Class B stock, with a market value of about $63.9 million, while on December 31 last year, its position was zero. The timing of this new position closely coincides with Buffett's formal retirement by the end of 2025, when long-time Berkshire veteran Greg Abel takes over as CEO.

In addition, Berkshire’s share price fell 4.7% in the fourth quarter last year due to pressure on its insurance business, which provided the fund with a window to buy the dip. In terms of tech stocks, the Soros Fund significantly increased its holdings in Nvidia, Apple, and TSMC in the same period, while cutting its positions in Amazon, Alphabet, and Microsoft.

Building up Berkshire—A Bet on the Abel Era

The Soros Fund’s investment in Berkshire is seen by the market as a vote of confidence in new CEO Greg Abel. After decades at the helm, Buffett will officially retire at the end of 2025, with Abel taking over immediately.

The timing of the position building is also worth noting.

Berkshire’s share price fell 4.7% in Q4 last year due to weak insurance business. The Soros Fund chose to enter during or after this period, reflecting a “buy the dip” strategy. As of March 31 this year, the 133,277 Class B shares held by the fund were worth around $63.9 million.

Tech Holdings: Boosting AI Chips, Cutting Back Some Giants

In the tech sector, the Soros Fund’s Q1 portfolio adjustment was clear–increasing bets on AI and semiconductor-related stocks, while reducing positions in some traditional tech giants.

On the upside, the fund increased its Nvidia holdings by 61.2% to 1,073,206 shares, TSMC holdings by 49.3% to 522,318 shares, Apple holdings by 20.3% to 500,534 shares, and modestly opened a new position in Micron Technology with 2,824 shares.

On the downside, the fund reduced Amazon holdings by 17.5% to 1,945,789 shares, Microsoft holdings by 19.4% to 211,966 shares, Alphabet holdings by 10.2% to 573,929 shares, and Tesla holdings slightly by 6.3% to 53,093 shares.

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