Many investment firms have bought American International Group, Inc. (NYSE:AIG) in the third quarter. George Soros has pitched in by buying 15.2 million shares of the insurance company, as reported in the latest 13f filing. American International Group, Inc. (NYSE:AIG) is not just a new holding, but it is also the largest in his publicly disclosed portfolio.
Other big names that have initiated new stakes in American International Group, Inc. (NYSE:AIG) or have expanded their previous holdings include, David Tepper of Appaloosa Management 8.25 million shares, Dan Leob of Third Point 21.25 million shares and Leon Cooperman of Omega Advisors 3.46 million shares.
CIO Of One Of The World’s Most Successful Hedge Funds Presents His Top Long And Short
Egerton Capital was co-founded in 1994 by John Armitage. Since then, the firm has yielded huge profits for its investors. Some estimates put the total value of investing earnings at over $20 billion, making it one of the most profitable hedge funds of all time. Q3 2020 hedge fund letters, conferences and more SORRY! This Read More
More Tech Stocks
George Soros continued to buy tech stocks, new positions were disclosed in Google Inc (NASDAQ:GOOG), Linkedin Corporation (NYSE:LNKD), Amazon.com, Inc. (NASDAQ:AMZN) and Groupon Inc (NASDAQ:GRPN). In Q2, he bought Facebook Inc (NASDAQ:FB), this position was increased in this quarter. Soros bought more shares of Apple Inc. (NASDAQ:AAPL).
Other than tech, George Soros bought Walgreen Company (NYSE:WAG), Pioneer Natural Resources (NYSE:PXD), Peabody Energy Corporation (NYSE:BTU), The Home Depot, Inc. (NYSE:HD) and Target Corporation (NYSE:TGT).
While John Paulson kept his current stake in gold, Soros increased his holdings in SPDR Gold Trust (NYSE:GLD) and Market Vectors Gold Miners ETF (NYSE:GDX).
Holdings in Johnson & Johnson (NYSE:JNJ), Delta Air Lines, Inc. (NYSE:DAL), CF Industries Holdings, Inc. (NYSE:CF) and General Motors Company (NYSE:GM), NetApp Inc. (NASDAQ:NTAP) were multiplied manifold in the third quarter.
Reductions & Sells
Soros decreased his stakes in Wal-Mart Stores, Inc. (NYSE:WMT), DISH Network Corp. (NASDAQ:DISH) Class A, PepsiCo, Inc. (NYSE:PEP) and Pfizer Inc. (NYSE:PFE), among several others. Positions in Comverse Technology, Inc. (NASDAQ:CMVT), Viacom, Inc. (NASDAQ:VIAB), Lowe’s Companies, Inc. (NYSE:LOW), RF Micro Devices, Inc. (NASDAQ:RFMD) and The Clorox Company (NYSE:CLX) were closed in the third quarter.