The billionaire investor and founder of Soros Fund Management has spoken and written at length about his philosophy-based theories of fallibility and reflexivity, by which investors' views do not perfectly correspond to the actual state of the market and the financial markets have an active role in affecting future earnings flows and determining prices.
Soros is known for following his impulses as well. He divulged in the 1995 book Soros on Soros that he sometimes relies on "animal instincts" in investing and said that he often used the onset of back pain as a signal that something was wrong with his portfolio, though it didn't tell him what. "That is not the most scientific way to run a portfolio," he said.
Tech is one of the top sectors represented in Soros' most recent public equity portfolio, which according to his most recent 13F filing, corresponding to June 30, is comprised of 173 holdings valued at $4.7 billion.
Here is a look at the five tech stocks Soros has bet the most of as of the end of the second quarter.
Polycom (PLCM) is Soros' top tech holding. As of the end of the second quarter, he owns 7.9 million shares valued at $89.2 million.
Polycom provides collaboration solutions for voice, video, and content sharing. It has a $1.7 billion market cap and trades at a P/E of 73.24.
Rovi is engaged in the discovery, delivery, display and monetization of digital entertainment by providing a broad set of integrated solutions. It has a $1.8 billion market cap.
Soros slashed his position in eBay (EBAY) by about 50% last quarter, but it remains one of his top tech bets. As of June 30, he owns 1.7 million shares valued at $40.8 million.
eBay is a global technology company. It has created an open source platform that provides software developers and merchants access to its applications programming interfaces to develop software and solutions for commerce; its segments include marketplaces and payments. eBay has a $34.6 billion market cap and trades at a P/E of 18.37.
Soros also downsized his position in PayPal (PYPL) during the second quarter to 817,413 shares worth $29.8 million as of the end of the period.
PayPal is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants around the world. It has a $45.7 billion market cap and trades at a P/E of 34.42.
PayPal is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio.
ChipMOS Technologies (IMOS) is another Soros tech pick. He owns 1.4 million shares worth $24.9 million.
ChipMOS is a provider of semiconductor testing and assembly services. It provides back-end testing services, including engineering testing, wafer probing and final testing of memory and mixed-signal semiconductors. It has a $540.1 million market cap and trades at a P/E of 26.74.