Soros Fund Management Discloses New Massive Stake in Polycom Inc (PLCM)

Soros Fund Management, managed by George Soros, has disclosed, in a new filing with the SEC, ownership of 9.40 million shares of Polycom Inc (NASDAQ:PLCM). The stake amasses 6.95% of the company’s common stock and represents a new position in the fund’s equity portfolio. At the current stock price of the company, the value of the holding amounts to approximately $110.17 million.

George Soros
Leon Cooperman‘s Omega Advisors in a recent filing revealed that it disposed off all the shares of Polycom Inc (NASDAQ:PLCM), previously holding 9.2 million shares.

The stock has seen some insider selling in the last quarter with Laura Durr, Svp Worldwide Finance who sold 2,500 shares; Sayed Darwish, CLO & EVP Corporate Development sold 30,000 shares and Betsy Atkins, director, sold 10,000 shares.

Out of the funds tracked at Insider Monkey, Mason Capital Management, run by Kenneth Mario Garschina, disclosed holding 8.58 million shares of Polycom as of the end of September 2013.

George Soros is ranked 35th on the list of the world’s richest people.

Last month, Soros Fund Management, sold some 985,700 shares of Exar Corporation (NYSE:EXAR), reducing its stake to 4.96 million shares. Recently, the fund also sold $5.683 million worth of bonds of Digital River, Inc. (NASDAQ:DRIV).

A couple of months ago, the fund initiated a passive stake Arno Therapeutics Inc (OTCMKTS:ARNID), which contained 2.04 million shares, amassing 9.99% of Arno’s common stock.

In the third quarter of 2013, the fund took a massive stake in Microsoft Corporation (NASDAQ:MSFT), reporting ownership of 12.58 million shares, worth $419.06 million, at the end of the quarter. The fund had 4.58% of its equity portfolio invested in Microsoft Corporation.

Disclosure: none

Recommended reading:

Billionaires Steven Cohen and Stephen Mandel Disclose Huge Stakes in Lumber Liquidators Holdings Inc (LL)

Tenaya Capital’s Two Recent Moves: Cyan Inc (CYNI) And Meru Networks, Inc. (MERU)

Billionaire Leon Cooperman’s Recent Moves: Arbor Realty Trust, Inc. (ABR), Atlas Energy LP (ATLS) & Others

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!