A Look at 4 of George Soros' Stocks

By Dr. Declan Fallon

In September I took a look at Warren Buffett's stock holdings. In this post I will look at George Soros's stocks. The information was pulled from Stockpickr and is ehhh... not the most up to date given his third greatest holding was that bastion of financial security, Lehman. The 13F on which the holdings were pulled were current for June 20th of this year - I suspect things have changed a little since....

Topping his holdings is Petroleo Brasileiro S.A. (PBR). The stock has given back nearly all of its 2007 run up but is currently trading at support of a modest up trend dating back to 2005. The stock is also trading near support of a broadening wedge which encompassed the crash of 2008. The stock yields a disappointing 0.30% but the company did report record oil production for September.


His second company is Potash Sakatche (POT). Another poor yielding stock (0.5%). Joe Terranova of CNBC's Fast Money suggest's this as a long pick but it has an ugly chart - the kind of chart which rarely recovers in a short space of time. That is not to say it doesn't trade at value, but it might be best to practice patience with it:


Ignoring Lehman which was his third biggest holding, his third big holding is Conocophillips (COP). The stock has in the past few years moved in steps. The first took it to $50-70, the next to $70-90 before the final push above $90 proved a step too far and it fell back into the $50s. The stock was upgraded by Oppenheimer and Credit Suisse.


An interesting holding of his is Wind River Systems (WIND). Unlike the aforementioned stocks it hasn't crashed down from a high (the stock last traded at an high in 2005). There is a trading range dating back to 2006 which was breached at the January low, but held on the subsequent retest of the January low. Prices now trade at this support level - the question is whether it holds here or makes another push to the January low? There were postive rumblings by David Penn at Forbes.com back in September, but since then the stock has given up an additional 15% discount. Is it worth it?


If you would like copies of these charts with these annotations please email me at declan-at-zignals.com

Comments

[Market Folly:]

more on soros' positions from august: www.marketfolly.com/20...

2008 Oct 22 11:01 AM

[Paul Killinger:]

Remarkable that all these billionaire financial wizards are experiencing the same headwinds in the market that we are. Proportionately, that is.

2008 Oct 22 11:51 AM

[Alexander77:]

PBR will hold at these levels, let us watch for a break out around these levels

2008 Oct 22 12:29 PM

[searcher:]

PBR will face rough seas periodically with 'confidence' issues completely unrelated to the general market until economically profitable production is a reality and not a just projection.

2008 Oct 22 04:09 PM

[bill d:]

Couldn't happen to a bigger a$$hole.

2008 Oct 22 06:09 PM

[investor88:]

Soros is a basically a strategic trader so I would be surprised if he had not got out of these poor performing stocks when they began their ascent. Or is he getting old and inconsistent, becoming a buy-and-hold type ignoring his strategic sense which is above all booking PROFITS. Afterall PROFITS is what made him a multi-multi BILLIONAIRE, so some religion like buy-and-hold or this pe ratio and that.

2008 Nov 14 10:32 PM

[investor88:]

Correction to my posting, I mean "descent" not ascent.

2008 Nov 14 10:33 PM