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.
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.
Here are George Soros’ top 10 holdings at the end of June:
1. Adecoagro S A (AGRO): Adecoagro was Soros' biggest investment at the end of June 2011. Adecoagro is one of the leading companies in the production of food and renewable energy in South America. AGRO recently traded at $8.9 and has a market cap of $1.1 billion. Soros had $295 million invested in AGRO shares.
2. Motorola Solutions Inc (MSI): Motorola Solutions provides business- and mission-critical communication products and services worldwide. MSI recently traded at $41.79 and has a 2.04% dividend yield. MSI gained 27.66% during the past 12 months. The stock has a market cap of $14.8 billion and P/E ratio of 23.3. Soros had $261 million invested in MSI shares. Jeffrey Ubben’s Valueact Capital increased his MSI holdings by 415% during the second quarter. Ubben had $945 million invested in MSI shares at the end of June. Carl Icahn’s Icahn Capital also holds $1.7 billion worth of MSI shares (check out Carl Icahn’s top holdings).
3. Interoil Corp (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 $53.11 and lost 10.01% during the past 12 months. The stock has a market cap of $2.9 billion. Soros had $232 million invested in IOC shares. Charles Clough’s Clough Capital Partners reduced its IOC holdings by 35% during the second quarter (see Charles Clough’s top holdings here).
4. Polo Ralph Lauren Corp (RL): Ralph Lauren Corporation provides lifestyle products. RL recently traded at $144.08 and has a 0.54% dividend yield. RL gained 68.04% during the past 12 months. The stock has a market cap of $13.6 billion and P/E ratio of 22.76. George Soros' Soros Fund Management doubled its investment in RL last quarter, giving it a total of almost a million shares. But far and away Stephen Mandel's Lone Pine Capital has the most with more than 4 million shares.
5. Westport Innovations Inc (WPRT): Westport Innovations provides alternative fuel, low-emissions technologies. WPRT recently traded at $28.95 and gained 67.74% during the past 12 months. The stock has a market cap of $1.5 billion. Soros had $121 million invested in WPRT shares. Jim Cramer also recommended this energy company for its leading role in the future of natural gas.
6. Visteon Corp (VC): Visteon supplies automotive systems, modules and components worldwide. VC recently traded at $42.02. The stock has a market cap of $2.3 billion and P/E ratio of 4.54. Soros had $109 million invested in VC shares.
7. Dendreon Corp (DNDN): Dendreon is a biotechnology company providing cancer treatment options for patients. DNDN recently traded at $10.11 and lost 73.87% during the past 12 months. The stock has a market cap of $1.6 billion. Soros had $102 million invested in DNDN shares. Dendreon was also in 21 hedge funds' portfolios, but it was a major disappointment. Steve Cohen's SAC Capital Advisors increased its position slightly last quarter, giving them a total of 8.6 million shares.
8. Emdeon Inc (EM): Emdeon provides revenue and payment cycle management solutions for the U.S. healthcare system. EM recently traded at $18.77 and gained 58.14% during the past 12 months. The stock has a market cap of $2.2 billion and P/E ratio of 72.5. Soros had $91 million invested in EM shares.
9. Danaher Corp (DHR): DHR recently traded at $42.76 and has a 0.22% dividend yield. DHR gained 10.32% during the past 12 months. The stock has a market cap of $30.7 billion and P/E ratio of 15.39. Soros had $84 million invested in DHR shares.
10. Apple Inc (AAPL): AAPL recently traded at $403.3 and gained 43.23% during the past 12 months. The stock has a market cap of $382.1 billion and P/E ratio of 16.32. Soros had $70 million invested in AAPL call options. Jim Simons' Renaissance Technologies increased its position in AAPL last quarter by 136%.