Billionaire investor George Soros reported owning 1.57 million shares of Sigma Designs Inc (NASDAQ:SIGM), a provider of Smart TV platforms and IoT devices, at the end of December. Within the first 12 days of January Soros disclosed buying an additional 440 thousand shares in a 13G filing. Sigma Designs Inc shares peaked at $6.75 on January 13th. It is likely that Soros’ purchases pushed the stock up.
Sigma Designs Inc (NASDAQ:SIGM) lost $8.7 million in its fourth quarter. More recently SIGM shares weakened and traded at $5.60. Interestingly George Soros saw these declines as an opportunity to add to aggressively to his holdings. On Friday Soros reported purchasing more than 2 million additional shares through April 12th. Soros is now the biggest hedge fund holder of Sigma Designs Inc shares in our database. Activist William Martin and quant hedge fund RenTech are also among the biggest holders of the stock.
The details of Soros’ filing can be seen below.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|SOROS FUND MANAGEMENT||0||4,068,819||0||4,068,819||10.66%|
Page 1 of 12 – SEC Filing