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. 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 performed spectacularly in 2008 and 2009 but his recent performance isn’t on par with his reputation. We compiled Soros’ top 10 stock picks (See his entire portfolio here). Had Soros added equal dollar amounts of each stock into this list, his lost would be 1.0% during the last three months.
1. Adecoagro S A (AGRO): Adecoagro was Soros' biggest investment at the end of March 2011. Adecoagro is one of the leading companies in the production of food and renewable energy in South America. AGRO recently traded at $11.55 and lost 7.4% during the past three months. The stock has a market cap of $1.39 billion. Soros had $366 million invested in AGRO shares.
2. InterOil Corporation (IOC): InterOil Corporation primarily engages in the exploration, appraisal and development of crude oil and natural gas properties in Papua New Guinea. IOC recently traded at $65.04. IOC gained 6.1% during the past three months. The stock has a market cap of $3.12 billion. Soros had $302 million invested in IOC shares. Interoil’s net profit reported for the first quarter of 2011 was $700,000 compared to a net loss of $3.1 million during the same quarter of 2010. Robert Pitts’ Steadfast Capital, Charles Clough’s Clough Capital and Peter Adam Hochfelder’s Brahman Capital are also bullish about IOC. (See Charles Clough’s top holdings here.)
3. Motorola Solutions (MSI): Motorola Solutions provides business- and mission-critical communication products and services worldwide. MSI recently traded at $44.77 and gained 2.1% during the past three months. The stock has a market cap of $15.2 billion and P/E ratio of 14.38. Soros had $200 million invested in MSI shares. According to Business Wire, on July 14 MSI announced it is expanding its current services offering to help enterprises and government agencies maximize the benefits of their business- and mission-critical communications assets.
4. Monsanto Company (MON): Monsanto provides agricultural products for farmers worldwide. MON recently traded at $75.41 and has a 1.5% dividend yield. MON gained 13.2% during the past three months. The stock has a market cap of $40.3 billion and P/E ratio of 26.3. Soros had $192 million invested in MON shares.
5. Dendreon Corporation (DNDN): Dendreon is a biotechnology company providing cancer treatment options for patients. DNDN recently traded at $39.1 and lost 5.1% during the past three months. The stock has a market cap of $5.7 billion. Soros had $175 million invested in DNDN shares.
6. Visteon Corporation (VC): Visteon supplies automotive systems, modules and components worldwide. VC recently traded at $68.07 and gained 2.2% during the past three months. The stock has a market cap of $3.45 billion and P/E ratio of 7.45. Soros had $133 million invested in VC shares.
7. Citigroup Inc. (C): Citigroup Inc. is a global financial services company. C recently traded at $40.26 and has a 0.1% dividend yield. C lost 11.1% during the past three months. The stock has a market cap of $117.6 billion and P/E ratio of 13.17. Soros had $130 million invested in C shares. Citigroup is one of the 10 most popular stocks among hedge funds (See the complete list here). There were 96 hedge funds with bullish positions on Citigroup’s stock price. These 96 hedge funds collectively had $9.9 Billion in Citigroup. It is surprising that Apple (AAPL) isn’t the most popular stock. John Paulson’s Paulson & Co. had more than $1.8 billion in C.
8. Westport Innovations (WPRT): Westport Innovations provides alternative fuel, low-emissions technologies. WPRT recently traded at $26.82 and gained 7.6% during the past three months. The stock has a market cap of $1.26 billion. Soros had $122 million invested in WPRT shares.
9. Emdeon Inc. (EM): Emdeon provides revenue and payment cycle management solutions for the United States healthcare system. EM recently traded at $13.33 and lost 14.8% during the past three months. The stock has a market cap of $1.21 billion and P/E ratio of 55. Soros had $115 million invested in EM shares.
10. Wells Fargo (WFC): Wells Fargo provides retail, commercial and corporate banking services. WFC recently traded at $29.14 and has a 1.6% dividend yield. WFC lost 2.7% during the past three months. The stock has a market cap of $154.12 billion and P/E ratio of 11.99. Soros had $111 million invested in WFC shares. Warren Buffett is the most bullish investor in WFC. Buffett had more than $10 Billion invested in the company.