George Soros Buys Citigroup Inc., Select Sector SPDRfinancial, Kinross Gold Corp., Sells Jetblue Airways Corp., MSC Industrial Direct Co. Inc., Navistar International Corp.

George Soros Q4 Portfolio Update: Buys C, XLF, GLD, etc

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Feb 17, 2010
Billionaire investor George Soros reported his 4th quarter portfolio today. As usual, Soros has high portfolio turnovers. These are a few observations:

  1. Soros has 30% of portfolio in energy sector, oil & gas.
  2. Almost 10% of the portfolio is in Spider Gold Shares (GLD)
  3. He bought Citigroup (C), now one of the top 5 holdings.
  4. Out of his top five holdings, two are also hedge fund peer John Paulson’s top holdings: Spider Gold Shares (GLD) and Citigroup (C).
George Soros owns 687 stocks with a total value of $7 billion. These are the details of the buys and sells.

For the details of George Soros's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=George+Soros

This is the sector weightings of his portfolio:

Oil & Gas

29.9%

Consumer Services

14.9%

Health Care

10.3%

Financials

6.6%

Consumer Goods

4.8%

Telecommunications

4.7%

Technology

4.2%

Basic Materials

4.1%

Industrials

2%

Utilities

1.8%



These are the top 5 holdings of George Soros

  1. Spider Gold Shares (GLD) - 6,178,342 shares, 9.54% of the total portfolio
  2. Petroleo Brasileiro S.A.Petrobras (PBR) - 7,732,197 shares, 5.3% of the total portfolio
  3. Hess Corp. (HES) - 5,763,463 shares, 5.02% of the total portfolio
  4. Monsanto Company (MON) - 3,879,900 shares, 4.56% of the total portfolio
  5. Citigroup Inc. (C) - 94,697,095 shares, 4.51% of the total portfolio