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Funds (13F)

Soros Fund Management LLC

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+6.4%
S&P 500 +14.1%
Last 12 months
+0.1%
S&P 500 +12.1%
Sharpe ratio
0.30
S&P 500 0.78
Biggest drop
−54.6%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$22.7k
Soros Fund Management LLCS&P 500 $10,000 in Soros Fund Management LLC from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Soros Fund Management LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Soros Fund Management LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+6.4%+14.1%
Total return+127%+470%
Last 12 months+0.1%+12.1%
Last 3 months−3.2%—
Last month−3.3%—
This year so far−1.5%—
Volatility a year22.1%16.0%
Sharpe ratio0.300.78
Biggest drop−54.6%−31.8%
Beta to the S&P 5001.181.00
Alpha a year (t-statistic)−8.0% (−2.47)—
Share of weeks up56%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
AMZN6.0%——
TSM5.3%——
GOOGL4.5%——
NVDA4.5%——
AAPL3.3%——
LIN2.9%——
TKO2.5%——
AEP2.2%——
ETR2.2%——
ITRI2.1%——
DLR2.1%——
NBIS1.8%——
IDA1.8%——
HTO1.6%——
CMS1.6%——
MSFT1.5%——
BHF1.5%——
SW1.5%——
MDLN1.4%——
AVGO1.3%——
WEC1.3%——
KVUE1.1%——
KDK1.1%——
MAC1.0%——
DASH1.0%——
NATL0.9%——
AAMI0.9%——
XEL0.9%——
XE0.9%——
SPGI0.9%——
SRE0.9%——
HON0.8%——
JPM0.8%——
SUNB0.8%——
TECH0.8%——
BGC0.8%——
INIO0.8%——
TSLA0.8%——
HONA0.8%——
TEAM0.8%——
FPS0.8%——
SNOW0.7%——
ULS0.7%——
MCD0.7%——
CBRS0.7%——
TEX0.7%——
CRWV0.6%——
COF0.6%——
AMD0.6%——
LGN0.6%——
VSEC0.6%——
OBDC0.6%——
LLY0.6%——
POR0.6%——
MU0.6%——
VGNT0.5%——
MAIR0.5%——
PAYO0.5%——
ETSY0.5%——
AHR0.5%——
PPL0.5%——
QNT0.5%——
ON0.5%——
ROKU0.5%——
MIDD0.5%——
CRBG0.5%——
MCHP0.4%——
ALLY0.4%——
PM0.4%——
CFG0.4%——
MFIC0.4%——
FRVO0.4%——
ITT0.4%——
MRVL0.3%——
SARO0.3%——
MA0.3%——
CZR0.3%——
MWH0.3%——
DPC0.3%——
ATI0.3%——
INTC0.3%——
CRH0.3%——
HUM0.3%——
IBKR0.3%——
CTRE0.3%——
META0.3%——
KO0.3%——
FLG0.3%——
CNM0.2%——
D0.2%——
AIG0.2%——
WWD0.2%——
OTF0.2%——
EVGO0.2%——
TKR0.2%——
CG0.2%——
JAN0.2%——
MGEE0.2%——
JNJ0.2%——
OWL0.2%——
TPG0.2%——
KKR0.2%——
ARXS0.2%——
CB0.2%——
RDNT0.1%——
WMT0.1%——
RSI0.1%——
CME0.1%——
UBER0.1%——
SHAZ0.1%——
ARES0.1%——
BX0.1%——
VRSK0.1%——
INGM0.1%——
GLXY0.1%——
EROC0.1%——
NP0.1%——
VSH0.1%——
PNFP0.1%——
MCB0.1%——
NOC0.1%——
NOW0.1%——
ADBE0.1%——
AKR0.1%——
LCLN0.1%——
APO0.1%——
ABT0.1%——
MS0.1%——
FCX0.1%——
ACMR0.1%——
PZZA0.1%——
BG0.1%——
ADM0.1%——
MTZ0.1%——
VRNS0.1%——
NFLX0.1%——
AKTS0.1%——
FIGR0.1%——
ANDG0.1%——
CRS0.1%——
LFTO0.1%——
DDOG0.1%——
AMTM0.1%——
KRG0.1%——
HAWK0.1%——
AADX0.1%——
PONY0.0%——
PGR0.0%——
ZTS0.0%——
TXN0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+6.4%+14.1%0.300.78−54.6%1.18−8.0% (−2.47)
2018 onwards5 Jan 2018 to 2 Nov 2026+3.2%+13.9%0.140.66−54.6%1.20−10.5% (−2.30)
Last three years3 Nov 2023 to 2 Nov 2026+16.9%+21.8%0.761.16−19.1%1.04−4.4% (−1.03)
Last year7 Nov 2025 to 2 Nov 2026+1.7%+14.2%−0.060.84−16.4%1.15−12.4% (−1.52)
DateCompanyAction
21 Aug 2026ZTSBought
21 Aug 2026ZETABought
21 Aug 2026YSWYBought
21 Aug 2026YSSBought
21 Aug 2026XEBought
21 Aug 2026VSHBought
21 Aug 2026VRNSBought
21 Aug 2026VGNTBought
21 Aug 2026TXNBought
21 Aug 2026TLNBought
21 Aug 2026TKRBought
21 Aug 2026TEXBought
21 Aug 2026TECHBought
21 Aug 2026STMBought
21 Aug 2026SHAZBought
21 Aug 2026SFSTBought
21 Aug 2026RSIBought
21 Aug 2026ROKUBought
21 Aug 2026REABought
21 Aug 2026QXOBought
21 Aug 2026QNTBought
21 Aug 2026PZZABought
21 Aug 2026PRIMBought
21 Aug 2026PNFPBought
21 Aug 2026PAYOBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026WOLFSold
21 Aug 2026VOYGSold
21 Aug 2026VMRKSold
21 Aug 2026STUBSold
21 Aug 2026SMRSold
21 Aug 2026SHLSSold
21 Aug 2026RPDSold
21 Aug 2026RKTSold
21 Aug 2026PENSold
21 Aug 2026PCTSold
21 Aug 2026OFRMSold
21 Aug 2026MPSold
21 Aug 2026MKCSold
21 Aug 2026MIAXSold
21 Aug 2026LULUSold
21 Aug 2026LNTSold
21 Aug 2026LNCSold
21 Aug 2026KTOSSold
21 Aug 2026GRABSold
21 Aug 2026GOSold
21 Aug 2026GLSold
21 Aug 2026GFSSold
21 Aug 2026FWONKSold
21 Aug 2026FRMISold
21 Aug 2026FLRSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest