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George Soros is an 80-year-old 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.

Soros returned an average of 30.5% per year between 1969 and 2000. In 2007, Soros came back from retirement after the quant liquidity crunch and managed to generate a 32% return for the year. Soros even managed to return 8% in 2008, the worst year for most hedge funds. Soros also returned 29% in 2009, earning $3.3 billion in fees and investment gains.

According to 13F filings, Soros Fund Management had 744 securities with a total value of $7.7 billion in its 13F portfolio as of March 31, 2011. During the first quarter, Soros placed new bets on Adecoagro (NYSE:AGRO), NII Holdings (NASDAQ:NIHD), Visteon (NYSE:VC), and Ciena (NYSE:CIEN). We pay special attention to Soros’ new stock picks as well as his long-term holdings. Soros had 34 large positions in his portfolio that he also had large positions a year ago. These are the stocks in which Soros has conviction.

CompanyName

Ticker

Value 03/2011

Value 03/2010

Return

INTEROIL CORP

IOC

302092

192025

-17%

LAWSON SOFTWARE CL 1

LWSN

249510

194672

69%

MONSANTO CO NEW

MON

192139

228822

-5%

EPICOR SOFTWARE

EPIC

165272

103275

31%

J D S UNIPHASE CORP

JDSU

152824

19325

24%

CADENCE DESIGN (CL 1)

CDNS

126992

133536

52%

BLACKBOARD INC

BBBB

124402

84383

2%

WESTPORT INNOVA

WPRT

121936

30192

22%

EMDEON INC

EM

115219

127775

-17%

DIODES INC

DIOD

105101

115448

6%

CADENCE DESIGN (CL 2)

CDNS

99743

103644

52%

APPLE INC

AAPL

80308

42776

38%

WEATHERFORD INTL

WFT

79071

99958

8%

COMCAST CORP NEW

CMCSA

78951

61685

28%

ORBITAL SCIENCES CORP

ORB

76906

15266

-12%

LAWSON SOFTWARE (CL 2)

LWSN

75755

33554

69%

CERADYNE INC CA

CRDN

74965

62795

59%

GOOGLE INC

GOOG

68186

11356

-12%

VERIZON COMM

VZ

64954

175073

22%

R F MICRO DEVICES CL 1

RFMD

51443

107856

8%

A T & T INC

T

48917

119894

27%

NOVAGOLD RESOURCES

NG

45397

133519

22%

PETROLEO BRASILEIRO

PBR

44885

405003

-26%

DIRECTV

DTV

43208

177447

38%

EXAR CORP

EXAR

39748

23761

-16%

R F MICRO DEVICES CL 2

RFMD

35474

184193

8%

MERCURY COMPUTER SYS

MRCY

35267

18220

27%

EXTREME NETWORKS INC

EXTR

30963

24957

-1%

JPMORGAN CHASE & CO

JPM

28794

114891

-9%

R F MICRO DEVICES CL 3

RFMD

27990

17629

8%

THERMO FISHER SCIENT

TMO

25275

17256

18%

QUALCOMM INC

QCOM

21748

30938

29%

KINROSS GOLD CORP

KGC

21726

66029

-12%

COVANTA HOLDING

CVA

17909

53975

-2%

Soros’ largest long-term pick is Interoil (NYSE:IOC), which he now has around $300 Million in. Robert Pitts’ Steadfast Capital and Izzy Englander’s Millennium are bullish about IOC as well. IOC lost 17% percent since March 2010 which could be the reason why Soros increased his position.

Soros’ second largest long-term bet is Lawson Software (NASDAQ:LWSN) which has been a very profitable bet. Soros had two classes of LWSN in his portfolio, totaling more than $300 Million. The stock returned 69% since March 2010, beating S&P 500 (NYSEARCA:SPY) index by a large margin. Carl Icahn also had a large position in Lawson. (See the complete list of hedge funds with LWSN holdings).

Soros’ largest long term holdings gained 26% since March 2010. Considering SPY’s 11% return during the same time period, Soros’ long term picks are extremely successful. This underlines Soros’ talent in picking long term winners. (You can check out Soros’ current top holdings here)

Source: George Soros' Long-Term Holdings