The Form 13-F is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). Section 13(f) securities generally include equity securities that trade on an exchange (including the Nasdaq National Market System), certain equity options and warrants, shares of closed-end investment companies, and certain convertible debt securities. The shares of open-end investment companies (i.e., mutual funds) are not Section 13(f) securities.
The filing revealed that at the end of last year, Soros Fund Management reduced its stake in YPF S.A. (YPF) by 12.57% (1,674,587 shares) and it now holds 11,650,176 ADRs, worth $301.7 million as of the end of the year. Continue Reading »