George Soros Highlights: Boosts Stake in Apple Inc. (AAPL), Bet Against S&P 500, Joins Carl Icahn on Herbalife Ltd. (HLF)

Editor’s Note: Apple Inc. (NASDAQ:AAPL), US Airways Group, Inc. (NYSE:LCC), Facebook Inc (NASDAQ:FB), Herbalife Ltd. (NYSE:HLF)

Financier George Soros boosts stake in Apple (Fresno Business Journal)
Carl Icahn isn’t the only billionaire investor with an appetite for Apple’s stock. Financier George Soros more than doubled his stake in the iPhone and iPad maker in recent months, according to regulatory documents filed Wednesday. Soros’ fund held 66,800 shares of Apple Inc. (NASDAQ:AAPL) stock at the end of June, up from 26,800 shares in March. Apple’s stock finished Wednesday at $498.50, its highest closing price since Jan. 23. At that price, Soros’ holdings are currently worth about $33 million.

George Soros - Soros Fund ManagementGeorge Soros Takes a Giant Put Position Against the S&P 500 (Moneynews)
Hedge fund titan George Soros’ biggest position is a huge bearish bet that the Standard & Poor’s 500 will go down, MarketWatch reported. Soros has a history of rolling the dice on risky propositions in the past and making giant gains. He is known as “The Man Who Broke the Bank of England” because of his successful bet against the British pound that led to $1 billion in profits during the 1992 Black Wednesday U.K. currency crisis. In its 13F Securities and Exchange Commission filing for the second quarter of 2013, Soros Fund Management reported it bought a put on 1,248,643 units of the SPDR S&P 500 Trust (SPY) exchange-traded fund (ETF) in the second quarter – its largest holding, according to MarketWatch.

Soros Dumps US Airways, Tiger Consumer Likes Facebook (Moneynews)
Billionaire investor George Soros dumped 7.85 million shares of US Airways Group, Inc. (NYSE:LCC) in the second quarter, a regulatory filing showed. It was a timely move by the investor’s Soros Fund Management. On Tuesday, the U.S. Justice Department filed a lawsuit to block the proposed merger of US Airways and AMR Corp., the parent company of American Airlines. Other regulatory filings from hedge funds and investment firms showed Leon Cooperman’s Omega Advisors soured on Facebook Inc (NASDAQ:FB) in the second quarter, but Patrick McCormack’s Tiger Consumer Management took a shine to the social networking company.

Fast Money Final Trade (CNBC)

Soros-Icahn Add Herbalife Shares in Wagers Against Ackman (1) (Businessweek)
Billionaires George Soros and Carl Icahn bought a combined 5.65 million shares in Herbalife Ltd. (NYSE:HLF) in the second quarter in a bet that hedge-fund manager Bill Ackman is wrong about the nutrition and weight-loss supplement company. Soros Fund Management LLC, the investor’s family office, acquired a 4.9 percent stake in Herbalife Ltd. (NYSE:HLF) valued at $227.5 million at the end of the quarter, according to a filing yesterday. The company was Soros’s third-largest U.S. stock-listed holding as of June 30.

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 Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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!