George Soros latest investment has come to light. George Soros investment fund disclosed its holdings of publicly traded companies at the end of the fourth quarter.
George Soros latest investment outflows include some of the heavyweight tech names such as Microsoft, Apple, and Alibaba.
Entertainment-related stocks were also targeted by George Soros latest investment outflows
Soros Fund Management, founded by legendary investor George Soros, latest available disclosure of holdings of publicly traded companies in the fourth quarter makes interesting reading.
“George Soros latest investment outflows include some of the heavyweight tech names such as Microsoft, Apple, and Alibaba”
Public disclosures, mandated by the Securities and Exchange Commission, provide a window into George Soros latest investment in publicly traded companies
Investors need to note that George Soros positions may have changed after the end of the quarter.
George Soros latest investment outflows include Microsoft, Apple, and Alibaba
The technology sector experienced the brunt of capital outflows in the market selloff at the end of last year.
Indeed, last October sell-off was dubbed “Red October” as it was the worst drawdown in seven years. Moreover, in December the sell-off turned out to be a bloodbath with December being the worse for stocks since the Great Depression.
What then followed in the first quarter was a sharp and unexpected rise in stock prices, a type of Bill Miller’s melt-up courtesy of the Fed’s monetary policy U-turn on normalization.
“last October sell-off was dubbed “Red October” as it was the worst drawdown in seven years”
George Soros latest investment outflows are also evidence that the legendary investor is adopting a recessionary investment strategy
In a recessionary environment, the worst performing assets are highly leveraged, cyclical and speculative. Highly leveraged companies have huge debt loads on their balance sheet and are at greater risk of bankruptcies. Cyclical stocks, whose performance are tied to employment and consumer confidence are also avoided.
So George Soros fund trimmed its stakes in entertainment-related investments, dumping shares of American gaming company Caesars Entertainment and Vici Properties, a real estate investment trust specializing in casino properties.
As explained above, property stocks were targeted as George Soros latest investment outflows.
George Soros investment fund disinvested in Vici Properties and sold 600,000 shares.
VICI Properties provides best-in-class experiential real estate, with nationwide gaming, hospitality, and entertainment destinations, for investment.
VICI Properties’ national, geographically diverse portfolio consists of 22 gaming facilities comprising over 39 million square feet and features approximately 14,800 hotel rooms and more than 150 restaurants, bars and nightclubs. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment Corporation and Penn National Gaming. VICI Properties also owns four championship golf courses and 34 acres of undeveloped land adjacent to the Las Vegas Strip.
George Soros investment in VICI Properties’ was reduced to $392.48 million, based on the current market value.
“George Soros latest investment in GCI Liberty brings George Soros fund total holding of $37.46 million (market value) with 910,000 shares (Q4) in the company”
George Soros latest investment in telecommunication companies suggests that last year’s late sell-off was also a buying opportunity for the billionaire investor’s Soros Fund Management
George Soros fund increases its holdings in the telecommunication company GCI Liberty. The funds Q4 position increase 273,480 shares in GCI Liberty.
GCI has delivered services for nearly 40 years to some of the most remote communities and in some of the most challenging conditions in North America, according to the company’s website.
GCI Liberty’s principal assets consist of its subsidiary GCI and interests in Charter Communications and Liberty Broadband Corporation. GCI is the largest communications provider in Alaska, providing data, wireless, video, voice and managed services to consumer and business customers throughout Alaska and nationwide.
GCI Liberty’s total revenue grew 1% compared to the fourth quarter of 2017. Consumer revenue increased 1%, with Consumer data revenue up 12%, according to GCI Liberty’s fourth quarter and year-end 2018 results.
George Soros latest investment in GCI Liberty brings George Soros fund total holding of $37.46 million (market value) with 910,000 shares (Q4) in the company.
George Soros latest investment Coupa Software amounted to +40,000 shares (Q4) with a total of $38.35 million invested in the company.
“George Soros investment news has been eclipsed by reports that the billionaire investor, who supports liberal causes, has been targeted by a right-wing armed militia”
George Soros latest investment into passive investments has also been noted
Passive investing involves less buying and selling and often results in investors buying index funds or other mutual funds. Both styles of investing are beneficial, but passive investing is more popular in terms of the amount of money invested.
So George Soros has poured money into iShares Russell 1000 exchange-traded fund and the Financial Select Sector SPDR Fund in the fourth quarter.
George Soros latest investment in Financial Select Sector SPDR Fund amounted to an extra 2 million shares (Q4) with a total investment amounting to $48.25 million (market value)
But George Soros investment news has been eclipsed by reports that the billionaire investor, who supports liberal causes, has been targeted by a right-wing armed militia.
The head of an alleged vigilante organization, Larry Mitchell Hopkins who detained undocumented migrants crossing the border from Mexico was training armed militia members ‘to assassinate George Soros, Hillary Clinton, and Barack Obama’ according to federal investigators.
‘Hopkins also allegedly made the statement that the United Constitutional Patriots were training to assassinate George Soros, Hillary Clinton, and Barack Obama, because of these individuals’ support of Antifa’ the affidavit reads.
Dan Loeb targets Sony. Dan Loeb is an activist investor and founder of Third Point, which oversees about $14.5 billion in assets.
Last year the activist investor viewed Campbell soup as a bargain when Third point reported that the soup maker could fetch a takeover value of $52 to $58 per share.
A year later and the activist investor Dan Loeb targets Sony
Dan Loeb's activist hedge fund Third Point is raising an investment vehicle to generate between $500 million and $1 billion so it can continue to buy Sony shares, according to a recent report in Reuters.