Soros Fund Management bought $53 million in Ford Motor Co. (F) shares during the third quarter, sending the battered automaker’s stock to a two-year high.
The New York-based hedge fund disclosed its Ford stake of 7.3 million shares in a regulatory filing yesterday.
Soros’ 13-F filing showed that the hedge fund has boosted its U.S. stock holdings by almost 50%, from $4.2 billion to $6.2 billion. It increased its investment in AT&T (T) and Wal-Mart Stores (WMT), and poured tens of millions into competitors Home Depot (HD) and Lowe's Cos (LOW).
