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 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.