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George Soros Reports New Buys of the Fourth Quarter

February 15, 2013 | About:
Holly LaFon

Holly LaFon

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George Soros, recognized for running the best-performing hedge fund of all time, left his Quantum Fund recently and instead manages his own money under a new entity, Soros Fund Management. As a trader, his portfolio was valued at $5.37 billion at the end of the fourth quarter, and had 163 stocks, of which 61 were new additions. Soros prefers the financial services sector, weighting the portfolio 13.6% in it, and has smaller segments allocated in energy, consumer defense and many other sectors. Of his new fourth quarter stock buys, the largest positions are: Morgan Stanley (NYSE:MS), Citrix Systems Inc. (NASDAQ:CTXS), Anadarko Petroleum Corp. (APX) and Plains Exploration and Production Company (NYSE:PXP).

New Buys

Morgan Stanley (NYSE:MS)

Soros’ fund bought 4,144,200 shares of Morgan Stanley for an average price of $17 per share in the fourth quarter. Soros previously traded this stock at higher prices.

His holding history:



Morgan Stanley is a global financial services firm with 1,200 offices in 43 countries.

In the third quarter, Morgan Stanley reported $7 billion in net revenue, up from $5.7 billion a year previously. Its net income also improved to $481 million, from a loss of $1.05 billion the previous quarter and a loss of $275 million a year previously.

Morgan Stanley has a P/E of 18.6, P/B of 0.7 and P/S of 1.795.

Citrix Systems Inc. (NASDAQ:CTXS)

Soros’ fund purchased 950,000 shares of Citrix Systems Inc. for $64 per share in the fourth quarter. He previously made a sizable profit on this stock in 2010 and 2011.



Citrix is a cloud computing company focused on enabling employees to work anywhere on any device. Its products are used by more than 260,000 organizations.

In the fourth quarter, Citrix reported $740 million in revenue, up 19% from a year ago. Its net income was $114 million, or $0.60 per diluted share, compared to $109 million, or $0.58 per diluted share a year ago.

Citrix has a P/E of 38.4, P/B of 4.5 and P/S of 5.53.

Anadarko Petroleum Corp. (APC)

Soros purchased 755,655 shares of Anadarko Petroleum for $72 per share in the fourth quarter.

He has previously traded this stock several times, as seen in his holding history:



Anadarko is an oil and natural gas exploration and development company with 2.56 billion barrels-equivalent of proved reserves.

In the fourth quarter, Anadarko reported revenue of $3.41 billion, down from $3.84 billion a year previously. Net income was $190 million, up from a net loss of $339 million a year previously.

Anadarko has a P/E ratio of 23, P/B of 2 and P/S of 3.04.

Plains Exploration and Production Company (NYSE:PXP)

Soros’ fund purchased 953,000 shares of Plains Exploration & Production Company for $39 per share.

He has a history with this stock in previous years:



In the third quarter, PXP had revenue of $605.1 million, a 21% increase from the previous year, and net income of $51.6 million, or $0.39 per diluted share, down from $64.9 million, or $0.45 per diluted share, a year previously.

PXP has a P/B of 1.9 and P/S of 2.9.

See George Sorosstock portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of George Soros.


Rating: 2.7/5 (3 votes)

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