The third quarter portfolio changes of Soros Fund Management show that Guru George Soros was very active trading, making over 80 changes on the sell side. Here’s a review of his highest-impact sells, starting with Delta Air Lines Inc. (DAL, Financial). After 19 quarters of triple-digit gains and three quarters of double-digit gains, George Soros sold out his DAL. Delta reported third quarter 2013 net income of $1.36 billion (GAAP), up from $1.04 billion in the same quarter of 2012. Net income per diluted share was $1.59 in the third quarter of 2013. Here’s the truly remarkable DAL trading history of George Soros:
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Delta Air Lines Inc. (DAL): Sold Out
Impact to Portfolio: -1%
Up 194% over 12 months, Delta Air Lines Inc. has a market cap of $24.06 billion. Shares trade with a P/E of 11.70. The dividend yield is 0.40%.
Guru Action: As of Sept. 30, 2013, George Soros sold out his DAL, selling 5,151,757 shares at an average price of $20.84 per share, for a gain of 35.2%, his lowest quarter in five years.
The current share price is around $28.17, with a change from average up 35%.
In 22 high-gaining quarters, George Soros topped out at a gain of 326.8% when he added 43,900 shares at an average price of $6.60 per share, in the second quarter of 2009.
Check out heavy guru trading in third quarter, along with recent insider trades.
Track historical pricing, revenue and net income:
Soros also sold out another airline company, United Continental Holdings Inc. (UAL, Financial), in the third quarter.
Google Inc. (GOOG, Financial): Reduced
Impact to Portfolio: -2.23%
Current Shares: 164,500
Up 54% over 12 months, Google Inc.has a market cap of $344.63 billion. Shares trade with a P/E of 27.60. The company does not pay a dividend.
Guru Action: As of Sept. 30, 2013, George Soros reduced his GOOG position by 58.56%, unloading 232,453 shares at an average price of $887.31, for a gain of 16.2%.
The current share price is around $1,031.09, with a change from average up16%.
Over a five-year trading history, George Soros averaged a gain of 41% on 397,587 shares at an average price of $731.33. Selling, he gained 16% on 233,087 shares at an average price of $886.80 per share.
As of the third quarter of 2013, there are numerous gurus trading and recent insiders selling.
Track historical pricing, revenue and net income:
Johnson & Johnson (JNJ, Financial): Reduced
Impact to Portfolio: -1.2%
Current Shares: 1,267,000
Up 36% over 12 months, Johnson & Johnson has a market cap of $265.3 billion. Shares trade with a P/E of 20.90. The dividend yield is 2.69%.
Guru Action: As of Sept. 30, 2013, George Soros reduced his position by 50%, unloading 1,267,022 shares at an average price of $89.71 per share, for a gain of 4.8%.
The current share price is around $94.03, with a change from average up5%.
Over a five-year trading history, George Soros averaged a gain of 38% on 2,589,022 shares at an average price of $68.09 per share. Selling, he gained 5% on 1,322,022 shares at an average price of $89.13 per share.
As of the third quarter of 2013, there were numerous gurus trading and recent insiders selling.
Track historical pricing, revenue and net income:
American International Group Inc. (AIG, Financial): Reduced
Impact to Portfolio: -1.09%
Current Shares: 25,000
Up 51% over 12 months, American International Group Inc.has a market cap of $72.09 billion. Shares trade with a P/E of 23.10. The dividend yield is 0.20%.
Guru Action: As of Sept. 30, 2013, George Soros reduced his AIG position by 98.9%, selling 2,245,849 shares at an average price of $47.53, for a gain of 2.9%.
The current share price is around $48.89, with a change from average up3%.
Over Âfive quarters, George Soros averaged a gain of 49% on 15,220,849 shares bought at an average price of $32.83 per share. Selling, he gained 29% on 15,195,849 shares at an average price of $37.83 per share.
Check out numerous gurus trading in third quarter and one recent insider buy.
Track historical pricing, revenue and net income:
Read about additional sells made by George Soros in the third quarter of 2013.
The current portfolio of Soros Fund Management lists 232 stocks, 91 of them new, with a total value of $9.14 billion, and a quarter-over-quarter turnover of 24%. George Soros is averaging a 12-month return of 23.96%.
Here is the complete portfolio of George Soros.
A graphic summary of George Soros’s top buys, sells and holdings:
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Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
http://chart.gurufocus.com/1384812263429.png[/img]
Delta Air Lines Inc. (DAL): Sold Out
Impact to Portfolio: -1%
Up 194% over 12 months, Delta Air Lines Inc. has a market cap of $24.06 billion. Shares trade with a P/E of 11.70. The dividend yield is 0.40%.
Guru Action: As of Sept. 30, 2013, George Soros sold out his DAL, selling 5,151,757 shares at an average price of $20.84 per share, for a gain of 35.2%, his lowest quarter in five years.
The current share price is around $28.17, with a change from average up 35%.
In 22 high-gaining quarters, George Soros topped out at a gain of 326.8% when he added 43,900 shares at an average price of $6.60 per share, in the second quarter of 2009.
Check out heavy guru trading in third quarter, along with recent insider trades.
Track historical pricing, revenue and net income:
Soros also sold out another airline company, United Continental Holdings Inc. (UAL, Financial), in the third quarter.
Google Inc. (GOOG, Financial): Reduced
Impact to Portfolio: -2.23%
Current Shares: 164,500
Up 54% over 12 months, Google Inc.has a market cap of $344.63 billion. Shares trade with a P/E of 27.60. The company does not pay a dividend.
Guru Action: As of Sept. 30, 2013, George Soros reduced his GOOG position by 58.56%, unloading 232,453 shares at an average price of $887.31, for a gain of 16.2%.
The current share price is around $1,031.09, with a change from average up16%.
Over a five-year trading history, George Soros averaged a gain of 41% on 397,587 shares at an average price of $731.33. Selling, he gained 16% on 233,087 shares at an average price of $886.80 per share.
As of the third quarter of 2013, there are numerous gurus trading and recent insiders selling.
Track historical pricing, revenue and net income:
Johnson & Johnson (JNJ, Financial): Reduced
Impact to Portfolio: -1.2%
Current Shares: 1,267,000
Up 36% over 12 months, Johnson & Johnson has a market cap of $265.3 billion. Shares trade with a P/E of 20.90. The dividend yield is 2.69%.
Guru Action: As of Sept. 30, 2013, George Soros reduced his position by 50%, unloading 1,267,022 shares at an average price of $89.71 per share, for a gain of 4.8%.
The current share price is around $94.03, with a change from average up5%.
Over a five-year trading history, George Soros averaged a gain of 38% on 2,589,022 shares at an average price of $68.09 per share. Selling, he gained 5% on 1,322,022 shares at an average price of $89.13 per share.
As of the third quarter of 2013, there were numerous gurus trading and recent insiders selling.
Track historical pricing, revenue and net income:
American International Group Inc. (AIG, Financial): Reduced
Impact to Portfolio: -1.09%
Current Shares: 25,000
Up 51% over 12 months, American International Group Inc.has a market cap of $72.09 billion. Shares trade with a P/E of 23.10. The dividend yield is 0.20%.
Guru Action: As of Sept. 30, 2013, George Soros reduced his AIG position by 98.9%, selling 2,245,849 shares at an average price of $47.53, for a gain of 2.9%.
The current share price is around $48.89, with a change from average up3%.
Over Âfive quarters, George Soros averaged a gain of 49% on 15,220,849 shares bought at an average price of $32.83 per share. Selling, he gained 29% on 15,195,849 shares at an average price of $37.83 per share.
Check out numerous gurus trading in third quarter and one recent insider buy.
Track historical pricing, revenue and net income:
Read about additional sells made by George Soros in the third quarter of 2013.
The current portfolio of Soros Fund Management lists 232 stocks, 91 of them new, with a total value of $9.14 billion, and a quarter-over-quarter turnover of 24%. George Soros is averaging a 12-month return of 23.96%.
Here is the complete portfolio of George Soros.
A graphic summary of George Soros’s top buys, sells and holdings:
If you are not yet a Premium Member, try a 7-day Free Trial.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
