Seeking Alpha

The legend of George Soros grows

  • While other hedge fund bigshots like Bruce Kovner's Caxton Associates and Crispin Odey were buying up Bank of America (BAC -1.2%) in Q1 before an accounting foul-up forced the suspension of the bank's capital return plan and a 20% decline in the stock, George Soros unloaded his entire 2.5M share stake.
  • Caxton purchased 2.5M shares in Q1, while Odey bought 5.3M, about doubling his investment.
  • Soros also sold his entire 2.3M share stake in Citigroup.
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Comments (14)
  • OneCitizen
    , contributor
    Comments (92) | Send Message
     
    What did he buy instead ? :)
    16 May 2014, 10:23 AM Reply Like
  • mmacius
    , contributor
    Comments (46) | Send Message
     
    Some liberal politicians, no doubt.
    16 May 2014, 12:27 PM Reply Like
  • User 21764911
    , contributor
    Comment (1) | Send Message
     
    I wouldn't worry what Soro is buying. The guy is not too smart. Starting from the 90's when he bet huge against the internet revolution, and double down when it started to go against him. He's lucky he was able to team up with Rogers. Soros selling BAC is a plus (+) for BAC in my mind as he not that bright.
    16 May 2014, 12:39 PM Reply Like
  • Keystone59
    , contributor
    Comments (5) | Send Message
     
    Too funny, here you are commenting on a extremely successful individual by any standards about his luck and intellect, yet he has no idea you exist!

     

    Feel better now that you've proved Soros is not that bright?! LMBO!
    16 May 2014, 01:55 PM Reply Like
  • Duude
    , contributor
    Comments (3398) | Send Message
     
    New Positions: BHI, CODE, CTRP, CLI, AVB, COMM, CNQ, AGO, AUY, ATML, ASH, BXMT, CSTM, AEM, CMA, ARE, CHKP, AUQ, BEAV, CX, ADSK, AALCP, BLK, AIG, BIIB, ADEP, AMRI, ARWR, ATHX, BALT, BCRX, BEAT, CFX, CLFD, CUR, CODE,
    Added Positions: CTXS, CMCSA, CNP, ALTR, BRCD, CBS, CRM, CHTR, CCJ, CIEN, BIDU, ALLE, ABT, CDNS, ACT,
    Reduced Positions: AAPL, CCI, AMT, ABBV, AAL, BITA, AL, ANGI, ARIA, CBST, BA, BIRT, EXAR,
    Sold Out: C, BAC, CRI, AMZN, AGN, CF, BRCM, COTY, BMY, AMCX, CAR, A, ADBE, AFL,
    16 May 2014, 02:39 PM Reply Like
  • diogeron
    , contributor
    Comments (141) | Send Message
     
    Right. And Darwin flunked biology. LOL.
    16 May 2014, 05:06 PM Reply Like
  • F.E.K
    , contributor
    Comments (27) | Send Message
     
    NATIONAL BANK OF GREECE
    16 May 2014, 10:41 AM Reply Like
  • iclarius
    , contributor
    Comments (17) | Send Message
     
    Think his political friends gave him some heads up?
    16 May 2014, 10:56 AM Reply Like
  • jackooo
    , contributor
    Comments (1658) | Send Message
     
    If you have not noticed, the market is rigged!!!!
    16 May 2014, 11:08 AM Reply Like
  • JamesChessing21
    , contributor
    Comments (132) | Send Message
     
    Rich socialist failure as a man ...
    16 May 2014, 11:19 AM Reply Like
  • John/Jack
    , contributor
    Comments (117) | Send Message
     
    He makes lots of bad decisions -- including this one.
    16 May 2014, 12:07 PM Reply Like
  • Lamb6428
    , contributor
    Comments (4) | Send Message
     
    Notice that he also sold Citi. I wouldn't follow his lead on these myself.
    16 May 2014, 02:55 PM Reply Like
  • Ralph P
    , contributor
    Comments (9) | Send Message
     
    Based on what he picked up he probably sees the banks as dead money in 2014, hopefully he changes hi mind at some point and comes back in.
    19 May 2014, 01:32 PM Reply Like
  • 276C
    , contributor
    Comments (274) | Send Message
     
    Probably is dead money until % rates rise and the spread deepens. Hard to loan money @ 1% vig
    20 May 2014, 11:14 AM Reply Like
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