Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Billionaire George Soros’ Latest Move Involves Cypress Semiconductor Corporation (CY); His Holdings Return -2.2% in Q2

Page 1 of 2

Billionaire George Soros’ Soros Fund Management has filed a 13G disclosing an increase of its stake in Cypress Semiconductor Corporation (NASDAQ:CY) by 4.45 million shares to 17.67 million shares. Following the increase, the investor’s stake amasses 5.32% of the company’s outstanding common stock.

Cypress Semiconductor Corporation (NASDAQ:CY) is an American semiconductor design and manufacturing company that delivers high-performance, high-quality solutions at the heart of today’s most advanced embedded systems, from automotive, industrial and networking platforms to highly interactive consumer and mobile devices. The shares of Cypress have dropped by over 17% since the beginning of the current year and it seems that the stock have already hit its bottom. Cypress has been involved in months-long bidding war attempting to acquire the chip maker Integrated Silicon Solution (NASDAQ:ISSI), but failed to secure this deal. Although Cypress intended to strengthen its positon in the automotive chip market through this acquisition and failed in doing so, the company remains competitive in capitalizing on automotive trends. The revenues generated from the industrial and automotive segment represented 51% of the company’s total first-quarter revenues, which indicates that Cypress is successfully moving away from the mobile market towards other industries. As stated by our database, Matthew Sidman’s Three Bays Capital represents the second largest investor in Cypress Semiconductor Corporation (NASDAQ:CY) with 8.23 million shares.

George Soros

Soros Fund Management is a privately held investment management firm established by George Soros, one of the world’s best known hedge fund managers, in 1969. George Soros, famous for “breaking the Bank of England”, announced his retirement at the end of 2011 and does not participate in the daily operations of the fund, but still remains involved in the fund’s decisions and bets. Soros Fund Management is currently managed by its Chief Investment Officer, Scott Bessent, who seems to perfectly replicate Soros’ moves with the short bet on the yen at the beginning of 2013. Soros Fund Management is considered one of the most profitable firms in the hedge fund industry, generating an average annualized return of 20% since its inception until 2010.

Soros Fund Management’s flagship fund, the Quantum fund, delivered the strongest return among its peers in 2013 and its best return since 2009, collecting around $5.5 billion from its return of roughly 22%. However, Soros Fund Management struggled to deliver best-in-class returns during the second quarter of this year. However, the fund’s 156 long positions in stocks with a market capitalization of over $1 billion returned negative 2.2% during the quarter, yielding a return of 1.7% year-to-date. Among the largest holdings that contributed to this performance are Soros’ stakes in Alibaba Group Holding Limited (NYSE:BABA), The Dow Chemical Company (NYSE:DOW) and Endo International plc (NASDAQ:ENDP).

George Soros
George Soros
Soros Fund Management

We don’t just track the latest moves of hedge funds. We are, in fact, more interested in their 13F filings, which we use to determine the top 15 small-cap stocks held by the funds we track. We gather and share this information based on 16 years of research which showed that these 15 most popular small-cap picks have a great potential to outperform the market, beating the S&P 500 Total Return Index by nearly one percentage point per month in backtests, and easily beating the most popular large-cap picks of funds, which nonetheless get the majority of their collective capital. Why pay fees to invest in both the best and worst ideas of a particular hedge fund when you can simply mimic only the very best ideas of the best fund managers on your own? Since the beginning of forward testing in August 2012, the Insider Monkey small-cap strategy has outperformed the market every year, returning 135%, beating the S&P 500 ETF (SPY) by around 2.5 times (see more details).

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!