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Sigma Designs Inc (SIGM): George Soros Can’t Get Enough of This Stock

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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.

George Soros

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%
GEORGE SOROS 4,068,819 0 4,068,819 4,068,819 10.66%
ROBERT SOROS 4,068,819 0 4,068,819 4,068,819 10.66%
George Soros
George Soros
Soros Fund Management

Page 1 of 12 – SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
SIGMA DESIGNS, INC.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
826565103
(CUSIP Number)
April 12, 2017
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
  [   ]
         Rule 13d-1(b)
[X]
         Rule 13d-1(c)
[   ]
         Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Continued on following pages
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Exhibit Index: Page 9
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