Today’s midday gainers are Abercrombie & Fitch Co. (NYSE:ANF), NovaGold Resources Inc. (NYSEMKT:NG) and Emerald Oil Inc (NYSEMKT:EOX). Sears Holdings Corp (NASDAQ:SHLD), Idenix Pharmaceuticals Inc (NASDAQ:IDIX) and Five Below Inc (NASDAQ:FIVE) are on the losing end.
George Soros gains with Abercrombie and Emerald Oil
Abercrombie & Fitch Co. (NYSE:ANF) is closing out the week on a high note, its price surging +11.35% today. According to his last 13F filing, billionaire George Soros owns 75,000 ANF shares, acquired at an average price of $43.37 each and composing 0.03% of his portfolio.
Hedge fund managers go about finding investment ideas in a variety of different ways. Some target stocks with low multiples, while others look for growth names, and still others combine growth and value when looking for ideas. Some active fund managers use themes to look for ideas, and Owen Fitzpatrick of Aristotle Atlantic Partners is Read More
Following Abercrombie is NovaGold Resources Inc. (NYSEMKT:NG). Its share price increased +7.13% to $2.80 today. Seth Klarman owns 21.6 million shares of the company, representing 1.44% of his fund. And John Paulson holds 35.8 million shares.
Up +5.77% to hit $7.46, Emerald Oil Inc (NYSEMKT:EOX) occupies the last spot on today’s list. The only billionaire tracked by iBillionare with a position in EOX is George Soros, with 126,000 shares.
First on our midday losers list today is Sears Holdings Corp (NASDAQ:SHLD), its price dipping -11.65% to $37.61. Representing 57.92% of his portfolio, SHLD is one of Edward Lampert’s favorite stocks. Another billionaire with a stake in this one is Bruce Berkowitz. He holds 20.7 million assets, acquired at an average price of $59.98 each.
Second is Idenix Pharmaceuticals Inc (NASDAQ:IDIX), the share price of which decreased -7.80% to $6.49. Seth Klarman holds 39.8 million shares, bought at an average $5.41. Klarman has been increasing his position in IDIX since June 2011.
Last but not least is the U.S. retailer Five Below Inc (NASDAQ:FIVE), which dropped -7.41% to $40.26. As of September, guru George Soros owns 41,000 shares, paid for at an average price of $42.42.