George Soros Buys AIG and Groupon; Ups His Stake in Gold

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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.

George Soros Buys AIG and Groupon; Ups His Stake in Gold

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.  

More Tech Stocks

George Soros continued to buy tech stocks, new positions were disclosed in Google Inc (NASDAQ:GOOG), Linkedin Corporation (NYSE:LNKD),, 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).

Paul Tudor and Tiger Global also bought Groupon Inc (NASDAQ:GRPN) in the third quarter, while Wibur Ross sold his stake in the company in the same period.

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).

Gold Stocks

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).

Major Increase

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.

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