George Soros’s recent buying activity
In the previous article, we learned about George Soros’s largest holdings in 4Q17. In this article, we’ll have a look at Soros’s top buys in the same quarter.
Stocks such as Caesars Entertainment (CZR), Overstock.com (OSTK), Caesars Entertainment’s PRN (principal amount on convertible debt securities), Kennedy-Wilson Holdings (KW), and the Alerian MLP ETF (AMLP) remained Soros Fund Management’s top buys in 4Q17. The company increased its holdings in these stocks by 9.0%, 3.6%, 3.1%, 2.4%, and 2.0%, respectively, in the quarter.
The company’s position in Overstock.com was a fresh one in 4Q17. It represented 3.6% of the company’s portfolio in the quarter. According to its institutional ownership report, Soros Fund Management was the second-largest investor in Overstock.com with 2.4 million shares in 4Q17. Overstock.com has risen 257% in the last year. The broader market S&P 500 Index (SPX-INDEX) has risen 14.7% in the same time period.
In the previous article, we learned that George Soros made a big bet on CZR in 4Q17 and remained the eighth-largest investor in the stock in the quarter. The stock has risen 43.5% in the last year, and it remained Soros’s largest buy in 4Q17.
For more information, you may be interested in reading Why Ray Dalio Thinks Recession Risk Is Rising.