George Soros sensed in time (or found out) that a stock market collapse would occur in the summer of 2024, as the billionaire-speculator for some mysterious reason sold those shares that fell the most this summer, before the major stock market collapse. The Hungarian-born American billionaire also increased his stake in AstraZeneca, a company that manufactures COVID-19 vaccines, while he believes that it is no longer worth investing in Google. Let’s see what financial future Soros predicts.
Earlier, we wrote about how Soros and his associates shorted Truth Social, Trump’s media platform, just before the attempted Trump assassination.
The billionaire investor also managed to dodge the major American stock market crash this summer, as he reduced his exposure to certain assets when they started to plummet. But where did he get these good tips?
As it is well known, the US stock market is greatly influenced by labor market reports, meaning how unemployment is developing. In July, the labor market data painted a bleak picture of the American economy, at the same time fueling fears of a recession in the United States. Accordingly, major stock indexes showed significant declines, with even the possibility of trading being halted, something that has not happened since 1987. Demand for technology stocks started to decrease, causing share prices of non-producing but rather complementary service providing companies like Google, Amazon, and others to fall.
Before the collapse, Soros got rid of company papers that suffered huge losses within a day. Among other things, he reduced his exposure to Alphabet by 40% and the number of shares held in the Cloudflare technology company by 2.4%.
In the chart below, it is clearly visible that Google’s parent company hit an annual high in July, then plummeted steeply. Soros mysteriously sold off most of his shares just before the plunge.
What future does Soros foresee? If we take a closer look at Soros’s portfolio, we see that his hedge fund, Soros Fund Management, has a diverse portfolio by the middle of 2024, including numerous large companies and different industries.
Some of his highlighted investments are:
1. S&P 500 ETF (SPY) – This is one of his largest positions, making up approximately 5.6% of the portfolio.
2. AstraZeneca (AZN) – A significant pharmaceutical company representing about 4.4% of the portfolio.
3. WestRock (WRK) – A paper and packaging manufacturer company, also making up 3.8% of the portfolio.
4. AerCap Holdings (AER) – An aircraft leasing company with about a 3.3% stake in the portfolio.
In 2024, Soros has made some significant moves, such as focusing on the healthcare sector, especially through NextEra Energy and Ascendis Pharma. His portfolio also includes shares in MicroStrategy, a company that heavily invested in Bitcoin.
Soros continues to work with a wide range of investments, but lately he has turned more towards the healthcare and energy sectors. And what is truly interesting is that in the last 4 months alone, he invested $244 million in the SPY ETF, which includes the 500 largest listed companies. Soros is speculating on an economic downturn and wagered $163 million that there will be a stock market crash in the near future. So, he will make money when stock prices fall.
George Soros is not the only big shot who always predicts stock market movements ahead of time; American Democrat politicians have also been accused of insider trading. Among them, the most attention is focused on Nancy Pelosi, a former Democratic Speaker of the House, who has actively engaged in stock market acquisitions in recent years.
Nancy Pelosi’s portfolio is famously extensive, with substantial investments, especially in the technology sector. In 2023 and 2024, she successfully invested in companies like Nvidia, Microsoft, Visa, Tesla, and Broadcom. Pelosi’s investments exceed $133 million.
One of her most famous deals was buying Nvidia shares, which brought her significant profits at the end of 2023 and the beginning of 2024. Surprisingly, in just 22 days in May 2024, Nancy Pelosi made $10 million in the stock market, forty-five times her annual salary.
Many Americans believe that Nancy Pelosi and other congressional members can gain strategic advantages in stock market investments due to their access to internal information, such as upcoming regulations, laws, and government actions. This could allow them to foresee the effects of certain companies or industries on the market before this information becomes public.
Nancy Pelosi’s investments in Nvidia stocks have received much attention. Pelosi and her husband, Paul Pelosi, have made significant investments in Nvidia stocks, raising questions about whether they may have had insider information, particularly concerning regulation of the technology and semiconductor industries.
Pelosi invested in Nvidia when the US legislature decided to increase American semiconductor production and decrease US dependence on foreign manufacturers, especially China. Nvidia, as a significant American semiconductor producer, particularly benefitted from this policy.
Pelosi, who is involved in political decisions related to China as an important Democratic politician, may have known in advance that the US was preparing to tighten cooperation with Chinese technology companies, further increasing the importance of American semiconductor manufacturers like Nvidia. Such geopolitical information could have given her an advantage, as it influences market outlooks in the industry.
Not to mention that Pelosi, the highest-ranking US politician to visit Taiwan around the time of the Nvidia deal, has further strained relations between the US and China. This pushed the American chip manufacturing giant, in which she had invested millions, even higher.
Seeing the stock investments and “hunches” of Soros and other Democrat big shots, many experts suspect that the American stock market is no longer the bastion of free trade, but rather a playground for a select few, where they make money by using insider information at the expense of others.
This philosophy is not far from Soros at all, as he has significantly acquired his wealth through this method and it seems that he will continue to follow this formula in the future.
