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

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

6 Ways 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

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

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!