Today saw George Soros filing his 2013 Q2 13F and if wasn’t without a few surprises from the Hungarian-American who broke the Bank of England when the fund shorted the pound and earned itself $1.8 billion in a single day’s trading.
As of September 30, Soros’ 13F shows a market value of $9,144,373,000, down slightly from the fund’s prior 13F filing.
Peter Lynch was one of the best growth investors of all time. As the Magellan Fund manager at Fidelity Investments between 1977 and 1990, he averaged a 29.2% annual return. Q1 2021 hedge fund letters, conferences and more The fund manager's investment strategy was straightforward. He wanted to find growth companies and sit on them Read More
Soros made a total of 106 purchases with 41 purchases of additional shares in varied areas. Soros closed 78 positions while reducing his stake in another 49 stocks. His top 10 positions now represent 32.76% of the fund’s holdings.
Perhaps the biggest item of mention is the large position Mr. Soros picked up in Microsoft Corporation (NASDAQ:MSFT) which now accounts for nearly five percent of the fund’s holdings at 4.58%. Soros held no stake in Microsoft Corporation (NASDAQ:MSFT) as of the last 13F filing. In the time since he picked up 12,580,700 shares in the company which now comes in only behind Soros’ holdings in SPDR S&P 500 ETF Trust (NYSEARCA:SPY) which accounts for 5.14% of the portfolio. His holding in Microsoft is valued at $419,064,000.
Soros also picked up 1,515,730 shares of delivery company FedEx Corporation (NYSE:FDX), this purchase puts FedEx at 1.89% of the fund’s holdings at $172,960,000.
Teva Pharmaceutical Industries Ltd (NYSE:TEVA) represents another large new position that Soros took over the quarter. Soros acquired 3,608,000 shares in the concern making it the fund’s fourth-largest buy for the quarter.
Of the positions that Soros closed, Micron Technology, Inc. (NASDAQ:MU) was the largest position that Soros said goodbye to this quarter. He also closed his position in Delta Air Lines, Inc. (NYSE:DAL) as well as United Continental Holdings Inc (NYSE:UAL). Both of these represented over a full percentage of the fund’s holdings.
Of Soros’ new holdings, Microsoft Corporation (NASDAQ:MSFT) was virtually unchanged in today’s trading and Soros’ 13F has seemingly had no effect on after-hours trading as the stock is virtually unchanged. Neither of Soros’ airline dumps were terrifically affected by today’s filing.