George Soros is one of the most well-known investors in the world. He made $1 billion in 1992 by betting against the British pound. In 2007, George Soros came back from retirement and delivered a 32% return. He was also able to generate a return of 8% during the financial crisis of 2008.
An investor who rose to fame during the same time was David Einhorn. He bet on the collapse of Lehman Brothers long before the bankruptcy, and shared his views publicly at the 2008 Ira Sohn Conference. Recently, he again spoke at the Ira Sohn Conference, where he discussed Microsoft (NASDAQ:MSFT).
Here are the stocks George Soros and David Einhornare bullish on:
Seagate Technology (NASDAQ:STX) – At the end of June, David Einhorn had $185.9 million in Seagate Technology. He increased his stake in the company by 252% during the second quarter. He has the second-largest position in Seagate. George Soros currently has the 5th-largest position in the company. Soros increased his holdings by 545% in the second quarter. As of June, he had $56.9 million invested in Seagate Technology. Since the end of June the company has lost 25%. The highest stakeholder of the company is Andreas Halvorsen. He invested $323.7 million in Seagate during the second quarter (see the latest stock picks of Andreas Halvorsen).
Apple Inc (NASDAQ:AAPL) – Apple is the 3rd-largest holding of David Einhorn’s current 13F portfolio. As of June, Einhorn’s Greenlight Capital had $361.6 invested in Apple. George Soros also had a stake in the company worth $23.7 million at the end of June. Since the end of the second quarter, the share price of Apple has gone up by 19%. Apple is currently one of the most popular stocks among hedge funds. Big investors such as Stephen Mandel, Chase Coleman, Jim Simons, Lee Ainslie, and Ken Griffin have the largest stakes in the company. Ken Griffin had both put and call option positions in Apple at the end of June. Griffin has more than $2 billion invested in the company (view other bullish stocks of Ken Griffin).
General Motors Co (NYSE:GM) – At the end of June, David Einhorn had $103.8 million invested in GM. GM is among the top 20 holdings of Einhorn’s Greenlight Capital. George Soros had around $19.5 million in GM. Since the end of the second quarter, GM has lost 26%. Jeffrey Tannenbaum’s Fir Tree has the highest position in the company. Tannenbaum has $234 million in GM.
CVS Caremark Corp (NYSE:CVS) – As of June, Greenlight Capital had shares of CVS worth around $123 million. It’s one of the top 20 holdings of the firm’s current equity portfolio. George Soros’ Soros Fund Management had a stake of $19 million in CVS at the end of June. Since the end of the second quarter, CVS has lost around 3%. Robert Rodriguez’ First Pacific Advisors also has a one of the top position in the company (see Robert Rodriguez’s top stock picks).
Pfizer Inc (NYSE:PFE) – David Einhorn’s largest holding is Pfizer. It currently makes up 10.32% of Greenlight Capital’s 13F portfolio. As of June, he had approximately 23 million shares of Pfizer worth $483 million. Einhorn reduced his position in Pfizer by 6% during the second quarter. He still has the largest position in the company among the 300+ hedge funds we are tracking. George Soros also has stake in Pfizer, however, it is a comparatively smaller one. At the end of the second quarter, he had $11.7 million invested in the company. Since the end of June, the share price of Pfizer has gone down by approximately 11%. A lot of hedge fund managers are bullish on Pfizer. David Tepper, Lee Ainslie, Phill Gross, Eric Mindich, Bill Miller, and Jeffrey Tannenbaum all have high positions in the company. Lee Ainslie’s Maverick Capital has $410 million invested in Pfizer and has the 3rd-highest position in the company.
Sprint Nextel Corp (NYSE:S) – Among the top 5 holdings of David Einhorn’s latest equity portfolio, Sprint ranks number 4. Einhorn had $301 million in S at the end of June, the largest position in Sprint. George Soros had a small position in the company worth $5.9 million at the end of the second quarter. Since June, Sprint has lost 38%. Michael Karsch’s Karsch Capital Management added Sprint to its portfolio in the second quarter.
Ensco Plc (NYSE:ESV) – During the second quarter, David Einhorn reduced his ESV position by 4%. As of June, he had $225 million invested in the company. ESV currently makes up around 5% of Einhorn’s equity portfolio. Soros Fund Management also had shares of ESV worth $5.5 million as reported in June filings. Since the end of June, ESV has returned around -8%. Steven Cohen also has one of the top 10 positions in the company. Cohen’s SAC Capital Advisors had around $160 million in Ensco at the end of June (take a look at Steven Cohen’s $17 billion equity portfolio).
Travelers Companies Inc (NYSE:TRV) – Greenlight Capital had $245 million worth of TRV at the end of the second quarter. Currently, it is the firm’s 6th-largest holding. Einhorn has the 2nd-largest stake in the company. George Soros had a minor stake in TRV worth $30.88 million. He decreased his stake in the company by 23% during the second quarter. Since the end of June, the share price of TRV has gone down by around 13%. Jim Simons is also bullish about TRV. He purchased a minor stake in the company worth $6 million during the second quarter (check out Jim Simons’ latest stock picks).
HCA Holdings Inc (NYSE:HCA) – Einhorn had $96.8 million invested in HCA Holdings at the end of June. It is currently one of his top 20 holdings. George Soros reported a relatively minor stake of around $2.4 million at the end of the second quarter. Since June, HCA Holdings has lost 36%.
Microsoft Corp (MSFT) – David Einhorn has the 4rth-highest position in Microsoft. As of June, Einhorn had $385 million invested in the company. He increased his holding during the second quarter by 63%. George Soros had a very small amount invested in Microsoft according to the June filings. Since the end of the second quarter, Microsoft has gained around 5%. Microsoft is currently one of the hottest stocks among prominent investors such as David Tepper, Cliff Asness, Jeffrey Tannenbaum, Bill Miller, and Phill Gross. Seth Klarman added Microsoft to Baupost Group’s equity portfolio in the second quarter (view Seth Klarman’s latest stock picks).
Disclosure: I am long MSFT.