Soros Fund Management, the hedge fund firm managed by famed George Soros, recently disclosed its long equity stakes and moves for the second quarter of the year. After 100 new stock purchases, 52 position increases, another 52 exposure reductions and the closing of 62 stakes, the fund’s equity portfolio value surged from $10.16 billion to $10.74 billion over the quarter.
The holdings are very diversified. However, Soros has a slight penchant for financial stocks, which account for 29 percent of the total equity portfolio, and information technology stocks – 24 percent.
The Bulls' Reign
Soros has more than $2.4 billion invested in options of the SPDR S&P 500 ETF Trust (NYSE: SPY). Leaving that stake aside, the fund’s largest bet is placed on Argentine energy company ...
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