Saturday, June 19, 2010

Soros Recent Additions & Largest Positions

According to his fund's latest filings with the SEC (as of March 31), Soros has been adding to his already large overweight positions in the oil & gas sector. His largest stock holding remains Brazilian oil giant Petrobras, which trades in the U.S. via an American Depositary Receipt (ADR) with the ticker symbol PBR. Petrobras is a vertically integrated oil company, participating in exploration, production, refining and retailing of crude oil and gas.

Soros' funds also added to positions in Canadian energy producer Suncor Energy (NYSE:SU), and Houston-based oil & natural gas producer Petrohawk Energy (NYSE:HK). All told, Soros has about 30% of his long investments the oil & gas space - more than twice the weighting of the S&P 500 index.

Smaller positions that saw buying during the first quarter include Apple Inc. (Nasdaq:AAPL), Goodyear Tire & Rubber (NYSE:GT), Lawson Software (Nasdaq:LWSN), CVS Caremark (NYSE:CVS) and DirecTV (Nasdaq:DTV).

Gold Remains on Top
Precious metal remains the number-one overall holding, as Soros has nearly 10% of his assets invested the SPDR Gold Trust ETF (GLD). He also owns call options which could increase his ownership stake in the coming months.

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