Billionaire George Soros’s Soros Fund Management LLC sold shares of U. S. Bancorp, PNC Financial Services Group Inc. and JPMorgan Chase & Co. in the second quarter as financial stocks fell.

According to a filing with the U. S. Securities and Exchange Commission today, the hedge fund based in New York, which supervises $25 billion, sold about 2.4 million shares of JPMorgan during the quarter. Soros had 107,500 shares valued at $3.9 million at the end of June.

The KBW Bank Index of 24 financial-services companies such as Citigroup Inc. and New York-based JPMorgan dropped 11 percent through the second quarter. Soros trimmed down his holdings in U. S. Bancorp to 22,600 shares from 2.03 million shares at the conclusion of the first quarter.

Soros sold all of his stock in Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, earlier one of his biggest holdings with a value of $233 million as of March 31. Shares of Petrobras fell 22 percent in the second quarter.

Money managers who manage more than $100 million in equities must file a Form 13F listing their U. S.-traded stocks, options and convertible bonds. The filings don’t show how much cash the firm’s hold or non-U. S. securities.

A Soros spokesman, Michael Vachon, refuse to make a statement.