Soros Fund Eyes Exa

Focus: INDUSTRIALS

Stephen Biggar Image Stephen Biggar Director, Product Strategy, Argus Research Corporation

Vickers Stock Research, Argus’ sister company, calculates proprietary Sell/Buy Ratios using data from recent Form-4 filings (through which insiders register purchases and sales of their stock with the SEC), explains Stephen Biggar, senior editor of Argus Research.


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Soros Fund Management has been increasing its stake in Exa Corp. (EXA) since filing a Form-3 on September 11 that showed holdings of 1,502,116 shares. Currently, the holdings have popped to 1,730,657 shares— representing a 15% increase in 10 days.

Exa’s visualization and simulation software helps designers and engineers “enhance the performance of their products, reduce product development costs and improve the efficiency of their design and engineering processes.”

As a design evolves, Exa “predicts the performance of that design while providing actionable insight to optimize the performance of the product.”


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The company suggests that the need for costly physical prototypes and expensive late stage changes is reduced and designers and engineers are freed from the risk of producing compromised products that do not meet market and regulatory requirements.

Exa currently focuses primarily on the ground transportation market, in which users include BMW, Delphi, Denso, Fiat Chrysler, Ford, Hino, Honda, Hyundai, Jaguar Land Rover, Kenworth, Komatsu, MAN, Nissan, Peterbilt, Peugeot, Renault, Scania, Toyota, Volkswagen and Volvo Trucks.

The company has recently expanded its technology offerings into the fields of aerospace and oil & gas production.

Soros’ current holdings represent 11.5% of the shares outstanding. The company states that it does not plan to effect change or exert influence or control at the company according to a 13G/A filing.

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