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Tracking George Soros's Portfolio - Q4 2013 Update

John Vincent profile picture
John Vincent
24.29K Followers

This article is part of a series that provides an ongoing analysis of the changes made to George Soros's US stock portfolio on a quarterly basis. It is based on George Soros's regulatory 13F Form filed on 02/14/2014. Please visit our Tracking Soros Fund Management Holdings article for an idea on how his holdings have progressed over the years and our previous update highlighting the fund's moves during Q3 2013.

Soros Fund Management invests globally and the long positions in the US market reported in the 13F filings represent only ~25% of the overall portfolio. The 13F portfolio increased this quarter from $9.14B to $11.77B. The number of positions increased from 232 to 237. Very small stock positions and large debt holdings together account for ~40% of the 13F holdings. The US long investments are diversified with a large number of very small equity positions, a small number of very large equity positions, and a number of large debt holdings. As the small positions (<0.5%) do not indicate a clear bias, the focus of this article is on the larger US long equity positions.

Consistent with Soros's active trading style, among his larger positions, just three remained untouched during the quarter. Ten of the larger positions that figured in the Q3 2013 report were eliminated this quarter and eleven new positions were added. To learn about his distinct trading style and philosophy, check out his "The Alchemy of Finance" and other works.

New stakes:

Select Section SPDR Energy (XLE) Puts: XLE Puts are a 3.38% of the US long portfolio position established this quarter. Soros was short Chevron through Puts last quarter but this quarter that stake was sold and replaced with these Puts.

S&P 500 SPDR (SPY) Calls: SPY Calls are a very small 0.64% of the US long portfolio

This article was written by

John Vincent profile picture
24.29K Followers
Focused on analyzing 13F reports & building tools to help DIY investors generate absolute returns through exploiting inefficiency, volatility, and momentum.

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