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Soros Fund Management Sells New York Community Bancorp Shares; Acquires Goldman Sachs, JPMorgan Chase.
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Soros Fund Management Sells New York Community Bancorp Shares; Acquires Goldman Sachs, JPMorgan Chase.
May 16, 2024 4:15 AM

06:56 AM EDT, 05/16/2024 (MT Newswires) -- Soros Fund Management liquidated its stake in New York Community Bancorp ( NYCB/PU ) in Q1 while buying positions in Goldman Sachs ( GS ) and JPMorgan Chase ( JPM ) , regulatory filings showed on Wednesday.

The fund manages the assets of billionaire financier George Soros and his family.

In Q4 2023, the fund held about 1.5 million shares of New York Community Bancorp ( NYCB/PU ) worth $15.1 million, a holding it has since sold.

In Q1, the fund acquired 34,500 shares of JPMorgan Chase ( JPM ) stock worth around $6.9 million and 33,550 shares in Goldman Sachs ( GS ) worth about $14 million.

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