CONSOL Energy Inc. (CNX), Google Inc. (GOOG), Level 3 Communications Inc. (LVLT): Soros Fund Management’s New Picks in Q2

In its latest 13F filing, Soros Fund Management, managed by George Soros, disclosed its equity positions as of the end of the second quarter of 2014. The portfolio has a market around $13.3 billion. In its filing with the SEC, Soros Fund Management reported a total of 363 positions mainly focused on finance, technology and energy stocks. Over the quarter, the fund acquired more than 180 new holdings. In this article, we will discuss Soros Fund Management’s top three new stocks for the second quarter.

hedge fund research

The first one is CONSOL Energy Inc. (NYSE:CNX), in which Soros Fund Management reported holding a $234.4 million stake, which is contains 5.09 million shares. With a market cap of $9.2 billion, CONSOL Energy Inc. (NYSE:CNX) is an independent natural gas exploration, development and production company. Recently, the company closed an additional $250 million of its 5.875% senior notes due 2022. Other largest shareholders of CONSOL Energy Inc. (NYSE:CNX) include Geosphere Capital Management, run by Arvind Sanger, and Mason Hawkins’ Southeastern Asset Management, holding 115,782 shares and 22.71 million shares, respectively.

On the second spot is Google Inc. (NASDAQ:GOOG), in which the fund disclosed owning 194,489 shares, with a reported value of about $111.9 million. For the second quarter of 2014, Google Inc. (NASDAQ:GOOG) reported GAAP net income of $3.42 billion, compared to $3.23 billion in the same quarter of the last year. The company posted non-GAAP net income of $4.18 billion, compared to $3.36 billion last year, according to a press release. Aside from Soros Fund Management, Boykin Curry’s Eagle Capital Management owns 791,934 shares of the company. Ken Fisher’s Fisher Asset Management disclosed holding 638,736 Class C shares of the company, with a market value of $367.5 million.

Level 3 Communications Inc. (NYSE:LVLT) is occupying third-position. In this company, Soros Fund Management revealed owning 1.79 million shares, worth more than $75 million. Level 3 Communications Inc. (NYSE:LVLT) is engaged in providing local, national and global communications services to enterprise, government and carrier customers, and has a market cap of $9.8 billion. Recently, the company’s subsidiary, Level 3 Escrow II, conducted a private offering to sell $1 billion aggregate principal amount of its 5.375% senior notes due 2022.

In its latest 13F filing, Robert Millard’s Realm Partners, reported holding 239,200 shares of Level 3 Communications Inc. (NYSE:LVLT), which have a market value of more than $10 million. Southeastern Asset Management, led by Mason Hawkins, disclosed ownership of 47.11 million shares of the company.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!