Google’s Big Gains Boost Mandel, Soros, Roberson, Steyer

Updated on

Today’s daily gainers are Google Inc (NASDAQ:GOOG), Baker Hughes Incorporated (NYSE:BHI), Yelp Inc (NYSE:YELP) and daily losers are Acacia Research Corp (NASDAQ:ACTG), SUPERVALU INC. (NYSE:SVU), Sarepta Therapeutics Inc (NASDAQ:SRPT).

Google's Big Gains Boost Mandel, Soros, Roberson, Steyer

Google is today’s top performing stock

Google Inc (NASDAQ:GOOG) is today’s top gainer. The tech company’s stock price got a +13.20% boost, surpassing the thousand-dollar mark to reach $1006.06. The reason: Google reported higher than expected Q3 earnings yesterday ($10.74 as opposed to the anticipated $10.37).

Many of our billionaires have a position in Google Inc (NASDAQ:GOOG). Steve Mandel holds 942,000 shares (4.04% of his holdings), bought at $573.68 each. George Soros owns 397,000 shares, representing 3.79% of his portfolio and purchased at $696.07 per asset. Julian Robertson owns 27,000 shares (2.96% of his portfolio), which cost him $539.25. David Tepper’s got 165,000 shares (2.10% of his fund), paid for at $618.19 per share. And Thomas Steyer owns 103,000 shares (1.74% of his fund), having paid an average price of $575.89 each.

The second company with a major gain today is Baker Hughes Incorporated (NYSE:BHI), which is up +7.55% and is now trading at $55.69. This comes on the heels of the gas company’s report of a 22% rise in per-share earnings today. This news was well received by Richard Chilton, who holds 819,000 shares, corresponding to 1.01% of his fund. The investor has gained 22.51% in this position, having paid an average price of $45.29 per share. Another billionaire with stakes in this company is George Soros, who owns 819,000 shares, representing 0.11% of his holdings. Soros paid an average price of $45.72 per share, meaning a +21.37% gain.

Following Baker Hughes Inc. is Yelp Inc (NYSE:YELP), which increased today +7.50% to $73.99. This again is a reaction to a piece of news, this time around Yelp’s announcement that its earnings report will be issued on October 29th. The online urban city guide represents 0.44% of George Soros’ portfolio. The billionaire holds 1.1 million shares bought atf $21.99 each.

Daily Losers

Topping off our daily loser list today is Acacia Research Corp (NASDAQ:ACTG). The tech firm is down -21.05%, hitting $15.49, on the heels of earnings results falling short of target estimations. Billionaire George Soros holds 2.3 million ACTG shares after selling 36% of his position. Today, Acacia represents just 0.56% of his fund, each share having been paid for at an average price of $32.68.

Next up is SUPERVALU INC. (NYSE:SVU). The retail supplier’s stock dipped -6.57% to $7.54 – again the result of a poor earnings report. Leon Cooperman holds 7.4 million shares, representing 0.75% of his holdings. Despite today’s less-than-ideal performance, SVU has been a big boost for Cooperman. He paid $3.79 per share, meaning a 98.15% gain.

The third company with a major loss today is Sarepta Therapeutics Inc (NASDAQ:SRPT). The health stock is down -5.94%, reaching $43.31. With 426,000 shares, SRPT represents 0.18% of George Soros’ holdings. The billionaire has apparently increased his Sarepta position in recent quarters, considering that in September 2012, he owned only 80,000 shares. This stock has been a hit for Soros overall, as he paid $19.18 per share – not even half of today’s price.

Leave a Comment