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

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