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UltraLong
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The author behind pseudonym "UltraLong" holds a Masters of Science (Technology) degree. He lives in Finland and works in a management position in a large international company. He manages portfolios for self and family and has been investing into stocks for close to twenty years.
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Thoughts of a private investor
  • Soros and Gold 0 comments
    Aug 18, 2010 3:05 PM | about stocks: GLD, ANV, ABX, FCX, AUQ, GFI, GBG, IAG, KGC, NG, SA
    I browsed through the latest SEC filing from Soros Fund Management and found out that Soros has quite big exposure to gold and gold miners: 17,5% of the whole portfolio.

    The biggest position is by far the SPDR Gold Trust (638 MUSD). The rest of 890 MUSD gold related position is invested in gold miners. As the list of holdings is quite long (hundreds of entries), I may have missed something. I basically browsed through all with word "gold" or "resource" and found these:

    ALLIED NEVADA GOLD CORP
    BARRICK GOLD CORP
    FREEPORT-MCMORAN COPPER & GOLD
    GAMMON GOLD INC
    GOLD FIELDS LTD
    GOLDEN STAR RES LTD
    GREAT BASIN GOLD LTD
    IAMGOLD CORP
    KINROSS GOLD CORP
    MARKET VECTORS ETF TR GOLD MINER ETF
    MARKET VECTORS ETF TR JR GOLD MINERS
    NOVAGOLD RES INC
    SPDR GOLD TRUST GOLD SHS
    SEABRIDGE GOLD INC

    From the gold miners. Soros has by far the largest positions in Novagold (90 MUSD) and Kinross Gold (66 MUSD).

    Disclosure: Long gold, NEM and ABX
    Themes: gold, gold miners Stocks: GLD, ANV, ABX, FCX, AUQ, GFI, GBG, IAG, KGC, NG, SA
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