George Soros' investment firm takes a stand on Tesla, boosts these tech stocks in Q2

Billionaire investor George Soros' investment management firm, Soros Fund Management LLC, opened a new position in electric vehicle pioneer Tesla, Inc. TSLA and doubled its tech stocks beaten.

EV Holdings: Soros Fund bought 29,883 shares of Tesla, during a quarter when the company suffered significant sales due to production and energy disruptions CEO Elon Musk's interest in buying Twitter, Inc. TWTR. However, the company has either completely liquidated or reduced its positions in other stocks related to electric vehicles and electric vehicles.

Fisker, Inc. FSR: Full Liquidation (vs. 317,300 in Q1) Lithium-ion recycler Li-Cycle Holdings Corp.LICY: full liquidation (from 85,248 shares in Q1) Proterra Inc. PTRA: 2.82 million shares (vs. approximately 8 million in the first quarter) Rivian Automotive, Inc. RIVN: 17.8 million shares (vs. 19.8 million in Q1)

Soros-led company sold its entire stake in transit service Lyft, Inc. LYFT and reduced Uber Technologies, Inc. UBER holdings by 729,297 at the end of the first quarter to 300,000 in Q2.

Soros sheds positions in British oil giants: The company has sold all of its 3,000 shares in BP plc. BP and 13,005 shares of Shell plc SHEL. Oil inventories increased during the quarter amid rising crude oil prices.

Read Ray Dalio-run Bridgewater Associates portfolio changes in Q2

Tech Holdings: Soros Fund has increased its bets on tech stocks. The company took a stance on Twitter in the first quarter, buying 100,001 shares amid Musk's takeover saga. The company's other technology transactions were as follows:

Alphabet, Inc. GOOGL GOOG: 53,175 shares (vs. 36,715 in Q1) Amazon, Inc. AMZN: 2 million shares (vs. 74,401 in Q1); Most of the increase is due to the supplement received as part of the e-commerce giant's 20-to-1 stock. Stripping away the increase due to the stock split, the company still added nearly 600,000 shares. Qualcomm, Inc. QCOM: 229,582 shares (vs. 21,108 in Q1) Salesforce, Inc. CRM: 627,509 shares (vs. 157,046 in Q1) Snowflake, Inc. SNOW: 101,797 shares (vs. 13,000 in Q1) Taiwan Semiconductor Manufacturing Company Ltd. TSM: 63,367 shares (compared to 108,500 shares in the first quarter)

Photo: courtesy of Heinrich-Böll-Stiftung on flickr

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