Soros Fund Management, the investment firm founded by billionaire George Soros, initiated a new position in American Electric Power (AEP) during the second quarter of 2026. According to regulatory filings, the fund acquired 768,000 shares of the utility company, valued at approximately $105.07 million as of June 30, 2026. This investment gave Soros a 1.29% weight in the company within its reported portfolio.
This disclosure comes from a mandatory quarterly 13F filing with the SEC, which reveals positions held as of 45 days prior to the filing date and may not reflect the fund's current holdings. The move was part of a broader portfolio adjustment in the quarter that also saw the firm take new stakes in other companies and exit positions in firms like Salesforce. AEP recently raised its 2026 earnings guidance, citing strong performance and growing electricity demand.