(GuruFocus, December 7, 2009) George Soros continues to hold a large percentage of Oil and as companies at the end of September 30, 2009. Here is the sector allocation of his equity portfolio:
No. 1: Petroleo Brasileiro S.A.Petrobras (PBR), Weightings: 7.72% - 7,419,297 SharesPETROBRAS-ADR C is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad. Petroleo Brasileiro S.a.petrobras has a market cap of $128.86 billion; its shares were traded at around $50.8 with a P/E ratio of 13.51 and P/S ratio of 1. The dividend yield of Petroleo Brasileiro S.a.petrobras stocks is 0.7%. Petroleo Brasileiro S.a.petrobras had an annual average earning growth of 48% over the past 5 years.
Soros sold down from 9.8 million shares to 7.4 million shares.
No. 2: Hess Corp. (HES), Weightings: 6.29% - 5,184,381 SharesHess Corporation, is a global integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products, electricity. Hess Corp. has a market cap of $18.68 billion; its shares were traded at around $57.1 with a P/E ratio of 79.31 and P/S ratio of 0.45. The dividend yield of Hess Corp. stocks is 0.7%. Hess Corp. had an annual average earning growth of 19.2% over the past 10 years. GuruFocus rated Hess Corp. the business predictability rank of 4.5-star.
Soros kept his position in HES steady during 3Q09.
No. 3: Potash Corp. of Saskatchewan Inc. (POT), Weightings: 6.04% - 2,948,421 SharesPotash Corporation of Saskatchewan Inc. is the world's largest potash company, the third largest phoshate producer and the second largest nitrogen producer in the world. Potash Corp. Of Saskatchewan Inc. has a market cap of $34.64 billion; its shares were traded at around $117.06 with a P/E ratio of 23.32 and P/S ratio of 3.67. The dividend yield of Potash Corp. Of Saskatchewan Inc. stocks is 0.34%. Potash Corp. Of Saskatchewan Inc. had an annual average earning growth of 12.6% over the past 10 years.
Soros increased ownership from 1.98 million shares to 2.95 million shares during 3Q09.
No. 4: Spider Gold Shares (GLD), Weightings: 5.49% - 2,450,320 SharesSpider Gold Shares has a market cap of $20.33 billion; its shares were traded at around $113.753 .
This is part of Soros’ gold play, Soros increased from 310K shares to 2.45 million shares.
No. 5: Plains Exploration & Production Company (PXP), Weightings: 3.84% - 6,113,815 SharesPlains Exploration & Production Company is an independent oil and gas company primarily engaged in the activities of acquiring, developing, exploring and producing oil and gas properties primarily in the United States. Plains Exploration & Production Company has a market cap of $3.67 billion; its shares were traded at around $26.36 with a P/E ratio of 7.01 and P/S ratio of 1.53. Plains Exploration & Production Company had an annual average earning growth of 25.5% over the past 5 years.
Soros sold down his position in PXP from 6.5 million to 6.1 million shares.
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About the author:
My name is Ben C. and I am 2nd year MBA candidate at the Anderson School of Business at the University of California- Los Angeles. I have a BS in Economics from the Wharton School of Business at the University of Pennsylvania. Before coming to Anderson I worked as a generalist equity research analyst for Right Wall Capital, a long-short equity hedge fund located in New York City. Prior to working at Right Wall I worked as an analyst at Blue Ram Capital, another long-short equity hedge fund located in Rye Brook, NY. This past summer, I worked for West Coast Asset Management as a research analyst. West Coast, which was co-founded by Kinko’s founder Paul Orfalea, is run by well-known value investors Lance Helfert and Atticus Lowe.