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Soros Fund Management adds General Motors, PayPal, exits Salesforce in Q2

Soros Fund Management, the hedge fund founded by billionaire investor George Soros, took new stakes in General Motors (NYSE:GM), with 449.8K shares, PayPal (NASDAQ:PYPL), with 75K shares, and Pioneer Natural Resources (NYSE:PXD), with 50K shares, during the second quarter, according to a 13F filing dated Friday.

The fund exited its positions in Salesforce (NYSE:CRM), American Water Works (NYSE:AWK), Estée Lauder (NYSE:EL) and Teck Resources (NYSE:TECK).

It boosted holdings in Amazon (NASDAQ:AMZN) to 769.1K shares from 706.6K, Rivian Automotive (NASDAQ:RIVN) to 4.19M from 3.58M, and Inuit (NASDAQ:INTU) to 91.4K from 70.4K.

Reduced stakes in Qualcomm (NASDAQ:QCOM) to 74.4K from 104.4K, and indie Semiconductor (NASDAQ:INDI) to 2.99M from 3.24M.

In Q1, Soros exited Tesla (TSLA) and added Netflix (NFLX).