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George Soros is a Hungarian-American hedge fund manager who became known as "the Man Who Broke the Bank of England" after he made $1 billion in 1992. Soros graduated from the London School of Economics in 1952. After graduation, he started his career in the London merchant bank of Singer & Friedlander. In 1956, he moved to New York City and his career took off. He earned large profits from investments and currency speculation. According to Forbes, he is ranked 35th on the list of the world’s richest people, with an estimated net worth of $14.2 billion.

According to 13F filings, Soros Fund Management had 744 securities worth $8.4 billion in its 13F portfolio as of March 31, 2011. We prepared a list of top 14 stocks that George Soros has initiated new positions in during the first quarter of 2011.

1. Motorola Solutions, Inc. (NYSE:MSI): Motorola Solutions provides communication products worldwide. MSI is the biggest purchase of Soros during the first quarter of 2011 and recently traded at $46.15. MSI has gained 3.3% since the end of March. The stock has a market cap of $15.7 billion and P/E ratio of 14.8. Soros initiated a $200 million position in MSI during the first quarter. Motorola Solutions announced on May 23, 2011, that it has commenced a cash tender offer to buy up to $400 million combined aggregate principal amount of certain specified series of its outstanding debt securities. Carl Icahn has a huge position in MSI.

2. Visteon Corp (NYSE:VC): Visteon provides automotive systems, modules and components worldwide. VC recently traded at $61.77. VC has lost 1.2% since the end of March. The stock has a market cap of $3.13 billion and P/E ratio of 6.76. Soros initiated a $133 million position in VC during the first quarter. Michael Weinstock's Monarch Alternative Capital also had VC shares in its portfolio at the end of 2010. Visteon recently received the "Technology & Development Award" from Toyota.

3. FedEx Corporation (NYSE:FDX): FedEx provides transportation, e-commerce and business services worldwide. FDX recently traded at $92.04 and has a 50% dividend yield. FDX has lost 1.6% since the end of March. The stock has a market cap of $29.2 billion and P/E ratio of 22.19. Soros initiated a $73 million position in FDX during the first quarter. FedEx is one of the stocks favored by Wall Street analysts and hedge funds. Clint Carlson's Carlson Capital had $70 million in FDX shares at the end of first quarter.

4. Charter Communications (NASDAQ:CHTR): Charter Communications provides cable services in the United States. CHTR recently traded at $55.79. CHTR has gained 10.2% since the end of March. The stock has a market cap of $6.14 billion and P/E ratio of N/A. Soros initiated a $38 million position in CHTR during the first quarter. Howard Marks’ Oaktree Capital has a huge position in CHTR.

5. HCA Holdings (NYSE:HCA): HCA Holdings is a healthcare company in the United States. HCA recently traded at $34.41. HCA has gained 1.6% since the end of March. The stock has a market cap of $17.7 billion and P/E ratio of 14.4. Soros initiated a $24 million position in HCA during the first quarter. Lee Ainslie’s Maverick Capital had $143 million in HCA at the end of March.

6. Wabash National (NYSE:WNC): Wabash National Corporation provides design, manufacture and marketing of standard and customized truck trailers. WNC recently traded at $8.86. WNC has lost 23.5% since the end of March. The stock has a market cap of $0.607 billion. Soros initiated a $22 million position in WNC during the first quarter. Richard Driehaus had a larger position in WNC.

7. Baidu Inc. (NASDAQ:BIDU): Baidu provides Chinese and Japanese language Internet search services. BIDU recently traded at $129.47. BIDU has lost 6.1% since the end of March. The stock has a market cap of $45.16 billion and P/E ratio of 71.4. Soros initiated a $19 million position in BIDU during the first quarter. Baidu is very popular among prominent investors. Fisher Asset Management, Philippe Laffont’s Coatue, Discovery Capital and JAT Capital had $100 million-plus in BIDU at the end of December. Jim Cramer is also bullish about BIDU.

8. BE Aerospace Inc. (NASDAQ:BEAV): BE Aerospace is a producer of commercial aircraft and business jet cabin interior products worldwide. BEAV recently traded at $36.12. BEAV has gained 1.7% since the end of March. The stock has a market cap of $3.72 billion and P/E ratio of 23. Soros initiated a $18 million position in BEAV during the first quarter. Sigma Capital had the largest position in BEAV among hedge funds.

9. Noble Energy Inc. (NYSE:NBL): Noble Energy is an energy company with a diverse portfolio, including crude oil, natural gas and natural gas liquids. NBL recently traded at $87.6 and has a 80% dividend yield. NBL has lost 9.1% since the end of March. The stock has a market cap of $15.46 billion and P/E ratio of 30.9. Soros initiated a $17 million position in NBL during the first quarter.

10. Ferro Corp. (NYSE:FOE): Ferro Corporation provides specialty materials and chemicals worldwide. FOE recently traded at $11.87. FOE has lost 28.5% since the end of March. The stock has a market cap of $1.03 billion and P/E ratio of 36.5. Soros initiated a $17 million position in FOE during the first quarter. Jim Cramer thinks it is a good idea to buy this stock in dips and sell it in rips. Since the stock is in a dip right now, he recommended buying it. Ferro isn’t on a lot of hedge funds’ radar. Chuck Royce and Jim Simons have small positions in this stock.

11. Swift (NYSE:SFY): Swift Energy Company engages in developing, exploring, acquiring and operating oil and natural gas properties in Louisiana and Texas. SFY recently traded at $36.68. SFY has lost 14.1% since the end of March. The stock has a market cap of $1.56 billion and P/E ratio of 28.37. Soros initiated a $15 million position in SFY during the first quarter. Ken Griffin’s Citadel also initiated a new position in SFY during the first quarter.

12. Penn National Gaming (NASDAQ:PENN): Penn National Gaming Inc. and its subsidiaries own and manage gaming and pari-mutuel properties in the United States. PENN recently traded at $37.94. PENN has gained 2.4% since the end of March. The stock has a market cap of $2.97 billion. Soros initiated a $14 million position in PENN during the first quarter.

13. Eaton Corp (NYSE:ETN): Eaton Corporation operates as a power management company worldwide. ETN recently traded at $49.79 and has a large dividend yield. ETN has lost 9.6% since the end of March. The stock has a market cap of $17 billion and P/E ratio of 16.06. Soros initiated a $13 million position in ETN during the first quarter. Eaton is one of the 30 Large Cap Stocks Expected to Beat the S&P 500.

14. American Superconductor (NASDAQ:AMSC): American Superconductor provides wind turbine designs and electrical control systems. AMSC recently traded at $10.25. AMSC has lost 58.8% since the end of March. The stock has a market cap of $0.52 billion and P/E ratio of 11.9. Soros initiated a $13 million position in AMSC during the first quarter. Philip Hempleman’s Ardsley Partners initiated a new position in AMSC during the first quarter as well.

Source: George Soros's Top New Purchases