George Soros: What’s His Fund Been Buying?

22-Nov-2010

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An eternal optimist, Liu-Yue built two social enterprises to help make the world a better place. Liu-Yue co-founded Oxstones Investment Club a searchable content platform and business tools for knowledge sharing and financial education. Oxstones.com also provides investors with direct access to U.S. commercial real estate opportunities and other alternative investments. In addition, Liu-Yue also co-founded Cute Brands a cause-oriented character brand management and brand licensing company that creates social awareness on global issues and societal challenges through character creations. Prior to his entrepreneurial endeavors, Liu-Yue worked as an Executive Associate at M&T Bank in the Structured Real Estate Finance Group where he worked with senior management on multiple bank-wide risk management projects. He also had a dual role as a commercial banker advising UHNWIs and family offices on investments, credit, and banking needs while focused on residential CRE, infrastructure development, and affordable housing projects. Prior to M&T, he held a number of positions in Latin American equities and bonds investment groups at SBC Warburg Dillon Read (Swiss Bank), OFFITBANK (the wealth management division of Wachovia Bank), and in small cap equities at Steinberg Priest Capital Management (family office). Liu-Yue has an MBA specializing in investment management and strategy from Georgetown University and a Bachelor of Science in Finance and Marketing from Stern School of Business at NYU. He also completed graduate studies in international management at the University of Oxford, Trinity College.







By Brett Philbin, WSJ,

The value of billionaire investor George Soros’ hedge fund increased by 31.6% to $6.7 billion at the end of the third quarter compared with the previous quarter, as he boosted his stake in blue-chip stocks AT&T Inc. and Monsanto, according to a regulatory filing late Monday.

The fund had reported a value of $5.1 billion at the end of the second quarter. Soros Fund Management bought 1.3 million shares of AT&T, raising the value of the position to $51.4 million as of Sept. 30, according to a filing with the U.S. Securities and Exchange Commission.

Soros also purchased 897,813 shares of Monsanto–his second-largest holding on a dollar basis–during the quarter. The position is now valued at $312.6 million.

The fund also reported a new position in drug maker Dendreon Corp., disclosing that it purchased 1.8 million shares valued at $74.8 million at the end of the third quarter.

In a reversal from its second-quarter disclosure, the fund bought 2.1 million shares of pharmaceutical giant Pfizer Inc. Soros had previously sold 5 million shares of Pfizer in the second quarter. His position is now valued at $41.4 million.

Additionally, Soros reported no stake in Best Buy Co. The fund sold 936,895 shares during the third quarter. Other new holdings include Mentor Graphics Corp. Soros disclosed the purchase of 76.5 million convertible notes of the company, valued at $79.5 million.

Many investors that manage more than $100 million are required to file 13-Fs with their stock holdings within 45 days of the end of a given quarter, giving the public its freshest possible glimpse into the portfolios of well-known money managers. Most hedge-fund managers and others wait until the last possible moment to make these filings. The third quarter deadline was Monday.


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