Billionaire investor, George Soros’ latest 13F filing with the Securities and Exchange Commission (SEC) showed that market value of his hedge fund was $8,560, 747, 477 for the first quarter of 2013.
During the period, Soros Fund Management’s purchased 88 new equities and some of its significant stock acquisitions include Brocade Communications Systems, Inc. (NASDAQ:BRCD), BMC Software, Inc. (NASDAQ:BMC), MeadWestvaco Corp. (NYSE:MWV), Red Hat Inc (NYSE:RHT), and Akamai Technologies, Inc. (NASDAQ:AKAM).
Soros bought 9,381,666 shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) worth more than $54.132 million. The company provides internet protocol based Ethernet networking solutions and storage area networking solutions. It has a market cap of $2.53 billion and its shares are trading around $5.62 per share. Over the past 52 weeks, the stock rose from $4.18 to as much as $6.44 per share.
The hedge fund purchased 657,704 shares of BMC Software, Inc. (NASDAQ:BMC) with over $30.471 million market value. Over the 52-week range, the stock price of the company surged from $35.48 per share to as much as $47.98 per share. The company has $6.63 billion market capitalization.
The total amount of the 1,828, 858 shares of MeadWestvaco Corp. (NYSE:MWV) acquired by Soros was more than $66.423 million. The company provides packaging solutions for the agriculture, beverage, beauty & personal care, and healthcare industries. Over the past 52 weeks, the stock price of the company went up from $26.15 to $38.39 per share.
Meanwhile, Soros owned 1,047,028 shares of Red Hat Inc (NYSE:RHT) with a market value of approximately $52.937 and 600,000 shares of Akamai Technologies, Inc. (NASDAQ:AKAM) worth $21.192 million. The stock price of Red Hat rose from $46.34 to $60 per share over the 52-week range and Akamai’s stock value climbed $25.90 to $48.44 per share. Take note that the stock value of its largest stockholdings are trending upward.
Soros boosted his stockholdings in Cemex SAB de CV (NYSE:CX) by 4,350,000 shares, Caesars Entertainment Corp (NASDAQ:CZR) by 3,045,060 shares, Google Inc (NASDAQ:GOOG) by 148,531 shares, Market Vectors Gold Miners ETF (NYSEARCA:GDX) 1,141,000 shares, and Virgin Media Inc. (NASDAQ:VMED) by 1,516,600 shares.
The billionaire investor made significant reductions in its stockholding during the period. Soros cuts its stake in Apple Inc. (NASDAQ:AAPL) by 157,176 shares. His remaining stake in the company is worth $11,863,288 or 26,800 shares.
Soros also reduced its position in American International Group Inc (NYSE:AIG) by 5,966,000 shares. He still owns 2,887, 849 shares of the insurance giant worth more than $112.106 million.
He also significantly cut his stake in Citigroup Inc (NYSE:C) by 7,580,751 shares. His remaining 544,500 shares have a market value of more than $24.008 million.
Sold Out Positions
Soros dumped his entire position in Capital One Financial Corp. (NYSE:COF), Ford Motor Company (NYSE:F), General Electric Company (NYSE:GE), JPMorgan Chase & Co. (NYSE:JPM), and Morgan Stanley (NYSE:MS) among others.