A Look At Billionaire George Soros’ Soros Fund Management Top Moves Heading Into 2016

Dow Chemical Co (NYSE:DOW)

– Shares Owned by Soros as of December 31: 3.13 Million

– Value of Holding as of December 31: $161.21 Million

Dow Chemical Co (NYSE:DOW) fell a few spots in Soros’ equity portfolio – after the fund cut its stake by 21% amid a 21.4% increase in the stock price. More bullish on the stock is Dan Loeb’s Third Point, which disclosed ownership of 25.25 million shares in its latest 13F filing. Recently, Dow Chemical and E I Du Pont De Nemours And Co (NYSE:DD) announced how the new, giant, joint chemical company they will create will be structured. According to the management teams, the new business will be divided into three companies, an agriculture firm, a material-science company and a specialty products enterprise. All three will be publicly traded.

Cypress Semiconductor Corporation (NASDAQ:CY)

– Shares Owned by Soros as of December 31: 16.39 Million

– Value of Holding as of December 31: $160.84 Million

Another company that saw Soros Fund Management cut its exposure during the October-December period was Cypress Semiconductor Corporation (NASDAQ:CY). Amid a 15.1% surge in the stock price, the fund reduced its stake by 18%, but still ranked as the largest shareholder among those we track, trailed by Matthew Sidman’s Three Bays Capital, which declared holding 15.86 million shares as of December 31. The company will report its first quarter fiscal 2016 financial results on April 28, and the Street has a consensus EPS estimate of $0.06, down by 53% year-over-year, on revenue of $424.96 million, more than double compared to the figure reported a year ago.

Allergan plc Ordinary Shares (NYSE:AGN)

– Shares Owned by Soros as of December 31: 365,390

– Value of Holding as of December 31: $114.18 Million

Finally, there’s Allergan plc Ordinary Shares (NYSE:AGN), which saw Soros Fund Management cut its stake by almost 53% over the fourth quarter. The shares were also up on Monday, after the company posted EPS of $2.41 on revenue of $4.198 billion – pretty much in line with expectations. Another investor that cut its stake in the company over the fourth quarter is Tiger Cub Andreas Halvorsen. His fund, Viking Global, trimmed its position by 17%, taking its holding to 5.97 million shares; nonetheless, the fund still remains the largest shareholder in our database.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.