Top positions of Soros Fund Management

Soros Fund Management reduced its position in precious metals (GLD) and increased its position in the communication sector (VOX). Communication is a cyclical industry and very capital intensive. A great deal of capital expenditure is required to expand business activity. When the business cycle starts to recover, we see expansion in economic activity. Corporate earnings also pick up at that time, and fund managers shift their investment towards the cyclical sector.

Soros Fund Management Is Placing Its Bets on This Industry

The communication industry is at the top of the list

As the firm shifts its focus towards the communication industry, we can assume that the firm is expecting the business cycle will pick up in the economy (QQQ) (IWM) (VFINX) in the near term. Communication represents 27.2% of the firm’s portfolio. Liberty Broadband (LBRDK) is its top holding and constitutes 23% of the firm’s portfolio. According to an institutional ownership report, Soros Fund Management is the fourth-largest investor in Liberty Broadband, holding about 8.8 million shares worth $608.3 million as of June 30, 2016. The largest investor in LBRDK is Jana Partners with 9.2 million shares as of June 30, 2016.

Dish Network (DISH) constitutes 1.4% of Soros’ portfolio. The firm bought 0.7 million shares worth $37.1 million. In the next part of this series, we will analyze Bridgewater Associates’ holdings as of June 30, 2016.

Latest articles

Yesterday, Goldman Sachs' strategist warned of high volatility in October. Based on Goldman Sachs' data, since 1928 volatility in October is 25% higher.

On September 19, at Delivering Alpha Conference, Jim Chanos said Grubhub (GRUB) is a very good short. He said that Guruhub is almost not making any money.

The Chinese delegation canceled planned goodwill visits to US farms because of trade war escalations. This affected markets yesterday.

Tesla (TSLA) CEO Elon Musk is one of the most widely followed billionaires on Twitter. His love for Twitter is no secret.

The pace that internet video streaming has evolved is nothing short of revolutionary. Streaming is a serious threat to the cable TV industry.

Marathon Petroleum (MPC) stock has been tumbling in Q3, driven by geopolitical tensions, oil price uncertainty, and weaker refining conditions.