Summary Included Manager 或 Cover Other Reporting Manager 的范围跨季改变；本季新增、增持、减持与退出均不分类。Summary Included Manager or Cover Other Reporting Manager scope changed across quarters; new, added, reduced and exit labels are all suppressed.
宏观主观Discretionary macro · famous
Soros Fund Management
索罗斯基金管理
公开持仓Public holdings
13F-RS 研究可用度13F-RS research usability
51.8
覆盖coverage 68% · 置信confidence C
结论先行Answer first
可见持仓仍可阅读，但申报范围变化，本季不分类买卖Visible holdings remain readable, but filing scope changed and trades are not classified
最大可见非期权证券持仓为AMAZON COM INC（3.5%）。Summary Included Manager 为1→0，Cover 外部报告管理人为0→0；换手、延续和方向性变化均暂停解释。
The largest visible non-option security is AMAZON COM INC (3.5%). Summary Included Managers changed from 1 to 0, while Cover Page external reporting managers changed from 0 to 0; turnover, persistence and directional changes are not interpreted.
下一步Next diligence
先核对纳入管理人和申报图变化，恢复同口径持仓切片后再讨论增减持。
First reconcile included managers and the filer graph, then restore a like-for-like holdings slice before discussing buys or sells.
CUSIP bridge · terminal event
公司行动换算与事件退出Corporate-action adjustments and event exits
下列旧证券没有被机械写成“清仓”。股票事件按权威比例恢复可比基线；现金/CVR并购没有 13F 继承证券，直接从卖出分类剔除。
These obsolete securities are not mechanically labeled as exits. Stock events use primary-source ratios to restore comparable baselines; cash/CVR mergers have no 13F successor and are excluded from sale classification.
| 生效日Effective | 上季证券Prior security | 可比证券 / 事件处置Comparable security / event treatment | 证据Evidence |
|---|---|---|---|
| 2026-04-07 | HOLOGIC INCCUSIP 436440101 · 1,013,552 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceBlackstone 与 TPG 完成收购；每股 76 美元现金加一份最高 3 美元的 CVR，证券注销，不推断为管理人主动卖出Blackstone and TPG completed the acquisition for $76 cash plus one CVR worth up to $3 per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-04-09 | SEALED AIR CORP NEWCUSIP 81211K100 · 2,751,799 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceCD&R 完成收购；每股 42.15 美元现金，证券注销，不推断为管理人主动卖出CD&R completed the acquisition for $42.15 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-04-27 | AMICUS THERAPEUTICSCUSIP 03152W109 · 5,753,186 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceBioMarin 完成收购；每股 14.50 美元现金，证券注销，不推断为管理人主动卖出BioMarin completed the acquisition for $14.50 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-04-28 | ARCELLX INCCUSIP 03940C100 · 200,000 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceGilead 完成收购；每股 115 美元现金加一份 5 美元 CVR，证券注销，不推断为管理人主动卖出Gilead completed the acquisition for $115 cash plus one $5 CVR per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-05-05 | TERNS PHARMACEUTICALS INCCUSIP 880881107 · 321,905 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceMerck 完成要约收购及合并；每股 53 美元现金，证券注销，不推断为管理人主动卖出Merck completed the tender offer and merger for $53 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-05-14 | TRI POINTE HOMES INCCUSIP 87265H109 · 1,041,426 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceSumitomo Forestry 完成收购；每股 47 美元现金，证券注销，不推断为管理人主动卖出Sumitomo Forestry completed the acquisition for $47 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-05-14 | APELLIS PHARMACEUTICALS INCCUSIP 03753U106 · 1,056,000 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceBiogen 完成收购；每股 41 美元现金加一份最高 4 美元的 CVR，证券注销，不推断为管理人主动卖出Biogen completed the acquisition for $41 cash plus one CVR worth up to $4 per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-06-10 | MASIMO CORPCUSIP 574795100 · 100,838 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceDanaher 完成收购；每股 180 美元现金，证券注销，不推断为管理人主动卖出Danaher completed the acquisition for $180 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-06-25 | CLEARWATER ANALYTICS HLDGS ICUSIP 185123106 · 2,941,405 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourcePermira 与 Warburg Pincus 牵头的投资者集团完成私有化；每股 24.55 美元现金，证券注销，不推断为管理人主动卖出A Permira- and Warburg Pincus-led investor group completed the take-private for $24.55 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-06-24 | DUPONT DE NEMOURS INCCUSIP 26614N102 · 368,000 股shares | DUPONT DE NEMOURS INCCUSIP 26614N201权威比例基准 122,667 股；本季申报 0 股Primary-ratio baseline 122,667 shares; current filing 0 shares | 核验来源Verification source1:3 反向拆股并更换 CUSIP1-for-3 reverse stock split and CUSIP change |
| 2026-06-29 | HONEYWELL INTL INCCUSIP 438516106 · 358,052 股shares | HONEYWELL AEROSPACE INCCUSIP 43849R105权威比例基准 179,026 股；本季申报 162,940 股Primary-ratio baseline 179,026 shares; current filing 162,940 shares HONEYWELL INTL INCCUSIP 438516205权威比例基准 179,026 股；本季申报 174,025 股Primary-ratio baseline 179,026 shares; current filing 174,025 shares | 核验来源Verification source航天业务分拆，同时原公司 1:2 反向拆股并更换 CUSIPAerospace spin-off plus a 1-for-2 reverse split and CUSIP change for the remaining company |
CIK · accession · accepted date
本季申报链Current filing chain
先展示 13F-NT 关系通知，再展示解析到的 13F-HR / HR-A。价值单位说明保留检测结果和归一化倍数。
Relationship notices appear before resolved 13F-HR / HR-A filings. Unit notes preserve the detection result and normalization multiplier.
| 法律申报人Legal filer | CIK | Form | Accession | 申报日Filed | 解析 / 单位说明Resolution / unit note |
|---|---|---|---|---|---|
| SOROS FUND MANAGEMENT LLC | CIK 0001029160 | 13F-HR | 0000902664-26-003507 | 2026-08-14 | usd_consistent_with_implied_prices |
2026-03-31 → 2026-06-30
持仓与季度变化Holdings and quarterly change
前十大可见非期权证券Top visible non-option holdings 10
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| AMAZON COM INCCOM · CUSIP 023135106 | — | $281.8m | 3.46% | 1,182,529 | — |
| TAIWAN SEMICONDUCTOR MANUFACSPONSORED ADS · CUSIP 874039100 | — | $249.4m | 3.06% | 522,158 | — |
| GLOBAL PMTS INCNOTE 1.500% 3/0 · CUSIP 37940XAU6 | — | $222.7m | 2.73% | 247,500,000 | — |
| ALPHABET INCCAP STK CL A · CUSIP 02079K305 | — | $213.1m | 2.62% | 596,286 | — |
| NVIDIA CORPORATIONCOM · CUSIP 67066G104 | — | $213.0m | 2.62% | 1,064,635 | — |
| ELECTRONIC ARTS INCCOM · CUSIP 285512109 | — | $199.1m | 2.44% | 970,990 | — |
| BILL HOLDINGS INCNOTE 4/0 · CUSIP 090043AF7 | — | $181.4m | 2.23% | 209,679,000 | — |
| PG&E CORPNOTE 4.250%12/0 · CUSIP 69331CAL2 | — | $179.6m | 2.21% | 175,000,000 | — |
| RIVIAN AUTOMOTIVE INCNOTE 4.625% 3/1 · CUSIP 76954AAB9 | — | $155.8m | 1.91% | 131,565,000 | — |
| APPLE INCCOM · CUSIP 037833100 | — | $153.2m | 1.88% | 529,538 | — |
范围变化下的未分类差异Unclassified differences under a scope change 10
本季可见行展示本季值，仅上季可见行展示上季值；这些差异不归因于管理人交易。Rows visible this quarter show current values; prior-only rows show prior values. These differences are not attributed to manager trading.
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| AMAZON COM INCCOM · CUSIP 023135106本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $281.8m | 3.46% | 1,182,529 | — |
| TAIWAN SEMICONDUCTOR MANUFACSPONSORED ADS · CUSIP 874039100本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $249.4m | 3.06% | 522,158 | — |
| GLOBAL PMTS INCNOTE 1.500% 3/0 · CUSIP 37940XAU6本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $222.7m | 2.73% | 247,500,000 | — |
| ALPHABET INCCAP STK CL A · CUSIP 02079K305本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $213.1m | 2.62% | 596,286 | — |
| NVIDIA CORPORATIONCOM · CUSIP 67066G104本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $213.0m | 2.62% | 1,064,635 | — |
| ELECTRONIC ARTS INCCOM · CUSIP 285512109本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $199.1m | 2.44% | 970,990 | — |
| BILL HOLDINGS INCNOTE 4/0 · CUSIP 090043AF7本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $181.4m | 2.23% | 209,679,000 | — |
| PG&E CORPNOTE 4.250%12/0 · CUSIP 69331CAL2本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $179.6m | 2.21% | 175,000,000 | — |
| JAZZ INVESTMENTS I LTDNOTE 2.000% 6/1 · CUSIP 472145AF8仅上季可见；不归因于交易Visible only in prior quarter; no trade attribution | — | $158.4m | 1.74% | 130,399,000 | — |
| RIVIAN AUTOMOTIVE INCNOTE 4.625% 3/1 · CUSIP 76954AAB9本季可见；跨季差异不归因于交易Visible this quarter; cross-quarter difference not attributed to trading | — | $155.8m | 1.91% | 131,565,000 | — |
期权切片Options slice 10
Put/Call 股数是标的股数；13F 没有执行价、到期日、权利金或净方向。Put/call shares are underlying shares; 13F omits strike, expiry, premium and net direction.
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| SELECT SECTOR SPDR TRST STR ENERG ETF · CUSIP 81369Y506 | PUT | $106.2m | 1.30% | 2,000,000 | — |
| TAIWAN SEMICONDUCTOR MANUFACSPONSORED ADS · CUSIP 874039100 | PUT | $81.2m | 1.00% | 170,000 | — |
| NVIDIA CORPORATIONCOM · CUSIP 67066G104 | PUT | $80.0m | 0.98% | 400,000 | — |
| COREWEAVE INCCOM CL A · CUSIP 21873S108 | PUT | $64.7m | 0.79% | 650,000 | — |
| ELASTIC N VORD SHS · CUSIP N14506104 | CALL | $56.9m | 0.70% | 997,700 | — |
| STATE STR SPDR S&P 500 ETF TTR UNIT · CUSIP 78462F103 | PUT | $56.0m | 0.69% | 75,000 | — |
| FIRST SOLAR INCCOM · CUSIP 336433107 | CALL | $23.6m | 0.29% | 100,000 | — |
| PUBLIC SVC ENTERPRISE GROUPCOM · CUSIP 744573106 | PUT | $20.3m | 0.25% | 250,000 | — |
| RIVIAN AUTOMOTIVE INCCOM CL A · CUSIP 76954A103 | CALL | $13.0m | 0.16% | 750,000 | — |
| HUNTSMAN CORPCOM · CUSIP 447011107 | CALL | $10.6m | 0.13% | 1,000,000 | — |
13F-RS-v1.0
评分拆解Score breakdown
| 维度Dimension | 得分Score | 相对满分Relative to max | 比例Ratio |
|---|---|---|---|
| 申报完整性Filing integrity | 15.0 / 15 | 100% | |
| 实体映射Entity mapping | 10.0 / 10 | 100% | |
| 策略适配度Strategy fit | 6.8 / 15 | 45% | |
| 集中度信息密度Concentration signal | 4.8 / 10 | 48% | |
| 高确信度可识别性Conviction identifiability | 3.3 / 15 | 22% | |
| 延续性 / 换手Persistence / turnover | 0.0 / 10 | 0% | |
| 申报时滞Filing lag | 0.0 / 10 | 0% | |
| 不可见风险Opacity risk | 7.6 / 10 | 76% | |
| 独立共识Independent consensus | 4.3 / 5 | 86% |
策略分类：宏观主观。分数衡量公开13F的研究可用度，不评价未来收益。Strategy classification: Discretionary macro. The score measures public-13F research usability, not future returns.
H（高确信度可识别性）当前以单仓≥2%为有限代理，尚未接入风格基准主动权重，因此该分项覆盖度只有50%。H (conviction identifiability) currently uses positions ≥2% as a limited proxy; style-benchmark active weights are not yet available, so this component has only 50% coverage.