5 Finance Stocks to Buy Today According to George Soros’ Soros Fund Management

2. MGM Growth Properties LLC (NYSE:MGP)

Soros Fund Management’s Stake Value: $70.3 million

Percentage of Soros Fund Management’s 13F Portfolio: 0.96%

Number of Hedge Fund Holders: 30

MGM Growth Properties LLC (NYSE:MGP) is a real estate investment trust that is involved in buying, holding, and leasing properties primarily to the leisure and resort sector. The company’s properties include casinos, hotels, convention centers, and other retail offerings. It is also the owner of the renowned The Park in Las Vegas, Nevada, United States.

As its fiscal fourth quarter came to an end, MGM Growth Properties LLC (NYSE:MGP) posted $0.60 in funds from operations (FFO) and $199 million in revenue, beating Wall Street analyst estimates for both. Its takeover agreement by another company resulted in several analyst downgrades in March 2022.

Soros Fund Management’s stake in MGM Growth Properties LLC (NYSE:MGP) was worth $70.3 million in Q4 2021. It came through the fund owning 1.7 million shares and represented 0.96% of its investment portfolio. Insider Monkey’s survey for the same quarter saw 30 out of 924 hedge funds invest in the company.

Alec Litowitz and Ross Laser’s Magnetar Capital is MGM Growth Properties LLC (NYSE:MGP)’s largest investor. It owns 3.2 million shares worth $132 million.