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Sally Jones
Sally Jones
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Highest-Impact Sells – Soros Fund Management Update

November 18, 2013 | About:

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. (NYSE:DAL). 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:

1384812263429.png

Delta Air Lines Inc. (NYSE: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:

1384812882095.png

Soros also sold out another airline company, United Continental Holdings Inc. (NYSE:UAL), in the third quarter.

Google Inc. (NASDAQ:GOOG): 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:

1384813113991.png

Johnson & Johnson (NYSE:JNJ): 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:

1384813355880.png

American International Group Inc. (NYSE:AIG): 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 ­five 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:

1384813663752.png



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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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 2.7/5 (6 votes)

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