George Soros exits financials is further evidence that the smart money is not buying the V-shaped recovery narrative.
George Soros latest trades, based on Gurofocus, last updated November 13, 2020, shows a theme of George Soros exits financials
George Soros has sold out of several large US banks.
For example, JPMorgan Chase & Co and Goldman Sachs Group Inc, the billionaire investor, sold out his entire stock holdings in both large global investment banks, according to a November report from Gurofocus.
“George Soros has sold out of several large US banks”
WEALTH TRAINING COMPANY
George Soros also reduced his stock holding in Morgan Stanley by a significant -82.88%, leaving the Soros Fund Management LLC with only 99,701 shares.
George Soros exits financials in a big way, at a time when the mainstream is pumping a V-shaped narrative.
George Soros also sold out of PNC Financial Services Group Inc, Wells Fargo & Co, and Truist Financial Corp.
But while George Soros exits financials E*TRADE Financial Corp, was added stocks,51.3% in the Soros Fund Management portfolio with 894,955 stocks in the company.
George Soros exits financials, but he is bullish on MSCI China ETF
A new buy with 204,000 stocks. The Walt Disney Co was also a new buy representing 150,000 stocks.
Walt Disney Co recently reshuffled its media and entertainment industries to focus on streaming, direct-to-consumer offerings. Capitalizing on the growing success of its streaming services, especially Disney+, the company will organize its holdings into three media and entertainment content groups Studios, General Entertainment, and Sports. Studios will include Disney, Pixar, Marvel, Lucasfilm, and other theatrical and TV content for theaters and streaming services;
National General Holdings Corp was also a new buy in the Soros Fund Management portfolio with 400,000 stocks added.
National General Holdings Corp provides a specialty of personal lines insurance holding company. Through its subsidiaries, the company provides personal and commercial automobile insurance.
Maxim Integrated Products Inc, was also a new buy in the Soros Fund Management portfolio with 294,369 stocks added.
“George Soros exits financials in a big way, at a time when the mainstream is pumping a V-shaped narrative”
WEALTH TRAINING COMPANY
George Soros exits financials while he adds new holding in computer-related companies
For example, Microchip Technology Inc, a new buy with 267,956, and Unity Software Inc, a new buy with 300,000 stocks added.
Varian Medical Systems Inc was also a new holding in the Soros Fund Management portfolio with 145,058 stock bought.
So, what can be deduced from George Soros exits financials, and no adding of energy stocks, is that the billionaire investor is gearing his portfolio towards an economic downturn, which probably does not come as a surprise to many of you. Then how long will the recent rally in financials continue?