From Nasdaq:

David Tepper and George Soros, two successful investors, have net worths close to $20.6 billion and $6.7 billion, respectively. Their wealth was primarily built on hedge fund investments. Tepper and Soros each own most of the “Magnificent Seven” stocks in their portfolios, with some overlap but quite a few differences.

Between Tepper’s Appaloosa Management and Soros Fund Management, nearly all of the Magnificent Seven stocks are covered. However, Tesla is not owned by either hedge fund. Tepper has made substantial investments in tech stocks like Meta Platforms and Microsoft. On the other hand, Soros’ portfolio includes tech stocks like Apple, but not Meta or Microsoft.

Both Tepper and Soros have Alphabet and Amazon in their portfolios, making them the “Magnificent Two” in their investments. Tepper holds a large position in Amazon while Soros has a smaller stake. Alphabet is also a significant holding for both, with Tepper reducing his stake in the company, while Soros sold off some of his position as well.

While Tepper and Soros owning Alphabet and Amazon may not be a direct call to action for other investors, the upcoming generative AI boom and potential from Cloud services and self-driving cars are strong indicators of future growth for these companies. Both Alphabet and Amazon could be lucrative investments in the coming years, backed by successful investors like Tepper and Soros.

It’s important to note that the Motley Fool Stock Advisor team did not include Amazon in their list of the 10 best stocks to invest in right now. The service has a track record of significant returns and provides guidance for building a successful portfolio. Additionally, individuals with positions in companies like Alphabet, Amazon, and others were disclosed in the article.



Read more at Nasdaq: Billionaires David Tepper and George Soros Both Own These “Magnificent Seven” Stocks. Should You?