George Soros exits shares bought during Bill Hwang's Archegos implosion

George Soros’s investment firm, which snapped up shares sold off in massive blocks during the collapse of Bill Hwang’s Archegos Capital Management, exited the positions.

Soros Fund Management sold $194.3 million of ViacomCBS Inc., $77 million of Baidu Inc. shares and $46.4 million of stock in Vipshop Holdings Ltd., according to a regulatory filing released Friday. The billionaire’s firm also liquidated positions in Tencent Music Entertainment Group and Discovery Inc.

The sales are nearly identical in size to the purchases Soros’s investment firm disclosed at the end of the first quarter. Archegos, the family office of former hedge fund manager Hwang, fell