George Soros' Soros Fund Management placed bets on railroads and the gig economy during the first quarter.
George Soros’ Soros Fund Management placed bets on railroads and the gig economy during the first quarter, recalibrated its holdings in a struggling media industry and dumped electric-vehicle maker Tesla Inc.
During the first quarter, the fund scooped up 363,483 shares of railroad operator CSX Corp. CSX, according to a filing. The fund also bought 27,075 worth of Norfolk Southern Corp. NSC, whose train derailment and chemical spill in Ohio this year raised bigger questions about railroad-industry safety. The... George Soros’ Soros Fund Management placed bets on railroads and the gig economy during the first quarter, recalibrated its holdings in a struggling media industry and dumped electric-vehicle maker Tesla Inc.
During the first quarter, the fund scooped up 363,483 shares of railroad operator CSX Corp. CSX , according to a filing. The fund also bought 27,075 worth of Norfolk Southern Corp. NSC , whose train derailment and chemical spill in Ohio this year raised bigger questions about railroad-industry safety.
The fund also cut its holdings in Walt Disney Co. DIS to 46,000 shares, from 189,609 in the prior quarter. It also lowered its position in Amazon.com Inc. AMZN to 706,561 shares, from 901,482 over that period. However, the Soros fund acquired 35,000 shares of Netflix Inc. NFLX . The media and e-commerce industries have faced layoffs, amid a slowdown in digital advertising and online shopping demand.The fund also made some plays toward fitness. And as Peloton Interactive Inc.
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