Soros Fund Management
Soros Fund Management LLC, founded and owned by billionaire investor George Soros, added new positions in 1Q 2014. The firm operates the Quantum Group of Funds and deploys a global macro investment strategy, investing in a wide range of markets and asset classes globally. The new positions and sales are outlined in the table below.
Soros sold out its positions in financial services stocks in the quarter, including J.P. Morgan Chase & Co., Bank of America, and Citigroup. George Soros’ Soros Fund Management added new positions in Baker Hughes Inc. (BHI), RF Micro Devices Inc. (RFMD), Devon Energy (DVN), Spansion Inc. (CODE), and Marathon Petroleum (MPC). The top positions it sold include J.P. Morgan Chase & Co. (JPM), Citigroup (C), and J.C.Penney (JCP).
Notice of correction: When this article was originally published, it listed market cap in millions. The first table has since been revised to show market cap in billions.
© 2013 Market Realist, Inc.
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