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Analyzing Soros Fund Management’s Largest Holdings in 4Q17

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Feb. 21 2018, Published 9:31 a.m. ET

Soros Fund Management’s largest holdings in 4Q17

In the previous article, we learned that billionaire hedge fund legend George Soros has sold out his entire position in Facebook (FB) and has criticized social media companies for manipulating customer attention.

holdings

In this article, we’ll analyze Soros Fund Management’s largest holdings in 4Q17. Liberty Broadband (LBRDK), Caesars Entertainment (CZR), FireEye’s (FEYE) PRN (principal amount on convertible debt securities), Altaba (AABA), and Overstock.com (OSTK) were the company’s top five holdings in 4Q17. These stocks represented nearly 15.1%, 10.0%, 4.4%, 4.1%, and 3.6% of the holdings of Soros Fund Management, respectively, in the quarter.

According to an institutional ownership report, Soros Fund Management was the fourth-largest investor in Liberty Broadband with 7.7 million shares in 4Q17. Similarly, Soros Fund Management was the eighth-largest investor in Caesars Entertainment with 34.4 million shares in 4Q17.

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In past quarters, we saw Soros buy put options on the iShares Russell 2000 ETF (IWM). However, in 4Q17, he sold out some of Soros Fund Management’s position on these put options. The broader market S&P 500 Index (SPX-INDEX), the SPDR S&P 500 ETF (SPY), and the iShares Russell 2000 ETF (IWM) provided strong returns in 2017. These indexes rose 19.6%, 19.7%, and 14.5%, respectively, in 2017.

In the next part of this series, we’ll analyze George Soros’s top buys in 4Q17.

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