Most of this selling action takes place in the second quarter of 2013, with some spillover into the third quarter, complicated by recent company changes.
George Soros: Reduce
Exar Corporation (EXAR)
Guru Action: In the second quarter of 2013, George Soros reduced his EXAR position. His fourth reduction for the quarter was on June 18, 2013, for 0.57%. Since that time, Soros has continued making more small reductions, with his latest on July 30, 2013, when he reduced his EXAR position by 0.02%. Soros averaged a gain of 23.2% on 109,087 shares sold at an average price of $10.96. His current shares stand at 5,950,136, with 12.88% of shares outstanding.
Soros has averaged a gain of 103% on 6,666,666 shares sold at an average price of $6.64 per share.
Check out all of the trades made by George Soros in second quarter of 2013.
John Paulson: Reduce
MetroPCS Communications (PCS)
Guru Action: In the second quarter of 2013, John Paulson reduced his PCS position by 54.15% as of May 1, 2013, with current shares listed at 16,645,150. As of May 1, 2013, T-Mobile US Inc. started trading on NYSE under the ticker TMUS.
As of June 30, 2013, Paulson has a new holding of 16,674,449 TMUS shares bought at an average price of $21.39 for a gain of 12.3%.
Here are all of the trades made by John Paulson in the second quarter of 2013.
TMUS Historical pricing:
Bruce Berkowitz: Sold Out
MBIA Inc. (MBI)
Guru Action: In the second quarter of 2013, Bruce Berkowitz had reduced his MBI position by 92.84% as of May 31, 2013. He sold out as of June 30, 2013 for a loss of 1.7% on 31,425,820 shares sold at an average price of $12.56.
Berkowitz’s Fairholme Fund also reduced its position by 89.02% in the same quarter. The Fairholme Fund sold 18,251,000 shares at an average price of $12.56 for a loss of 1.7%. The Fairholme Fund has averaged a gain of 29% on 20,501,000 shares bought at an average price of $9.56 per share. The Fund has averaged a loss of 2% on 18,251,000 shares sold at an average price of $12.56 per share.
Here are all of the trades made by Bruce Berkowitz in the second quarter of 2013.
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