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Soros Liquidates Portfolio Bought During Bill Hwang’s Implosion

Aug. 13, 2021, 10:19 PM

George Soros’s investment firm, which snapped up shares sold off in massive blocks during the collapse of Bill Hwang’s Archegos Capital Management, exited the positions.

Soros Fund Management sold $194.3 million of ViacomCBS Inc., $77 million of Baidu Inc. shares and $46.4 million of stock in Vipshop Holdings Ltd., according to a regulatory filing released Friday. The billionaire’s firm also liquidated positions in Tencent Music Entertainment Group and Discovery Inc.

George Soros
Photographer: Simon Dawson/Bloomberg

The sales are nearly identical in size to the purchases Soros’s investment firm disclosed at the end of the first quarter. Archegos, the family office ...