Soros Funds bought stock in three companies in Great Britian in the fourth quarter of 2010: Amarin Corp plc (AMRN, Financial), BP plc (BP, Financial) and Signet Jewelers Ltd. (SIG, Financial). He sold just one British stock: Vodafone Group Plc (VOD, Financial).
George Soros of Soros Fund Management is a hedge fund manager legendary for the unsurpassed success of his Quantum Fund over 26 years. From 1969 to 2000, he achieved a 32% cumulative return. Soros’ invests according to the philosophy that the prices of stocks, bonds and currencies depend on the people who buy and sell them, who often act based on emotion rather than logic. Therefore, he typically considers an opportunity’s value and market price of assets above all else.
Buys
Amarin
Amarin Corporation Plc is a global pharmaceutical group which develops innovative pharmaceutical products across a range of therapeutic areas utilizing its proprietary advanced oral and transdermal drug delivery technologies. Amarin Corp. Plc has a market cap of $861 million; its shares were traded at around $8.5.
Soros Funds bought 1,133,500 shares in the quarter that ended on 12/31/2010, which is 0.12% of the $7.69 billion portfolio of Soros Fund Management LLC. It was the first time he bought this company.
Currently, Amarin is focused on development of its lead product candidate, a drug for the treatment of cardiovascular disease. It says the drug is “advancing toward multi-billion dollar market opportunities.”
In the quarter ended Dec. 31, 2010, Amarin had a cash and cash equivalents balance of $31.4 million. In January of 2011, the company held a public stock offering in which it raised $98.7 million at $7.60 per share. The stock price leapt almost 60% in November on word that their Phase III clinical trial of its upcoming drug had positive results. The company plans to submit a New Drug Application in the third quarter of 2011.
BP
BP plc is the holding company of one of the world's largest petroleum and petrochemicals groups. BP Plc has a market cap of $141.91 billion; its shares were traded at around $45.3 with a P/E ratio of 6.4 and P/S ratio of 0.5. The dividend yield of Bp Plc stocks is 2.8%. More than 10% of George Soros’ portfolio is comprised of oil and gas investments.
George Soros bought 9,100 shares in the quarter that ended on 12/31/2010, which is 0.01% of the $7.69 billion portfolio of Soros Fund Management LLC. He had sold out of his shares in the fourth quarter of 2009.
In the quarter ended Dec. 2010, BP earned net income of $5.57 billion, an increase from $1.79 billion the quarter ended Sep. 2010. The quarter ended June 2010, the quarter in which the company was beset by the Deepwater Oil Spill, it lost $17 billion dollars. BP had revenue growth of 36.7% in the last 12 months, and 5.7% in the last five years.
BP is making several changes after becoming embroiled in the repercussions of a major environmental disaster. It has set the goal of achieving $30 of divestments by the end of 2011. It also has the immediate plan of growing from an oil company to a global energy group and to expand its presence in emerging markets. To this end, it acquired majority control of a Brazilian ethanol and sugar production company in March. BP predicts that biofuel production will more than triple in the next 20 years.
Signet
Signet Group Plc operates specialist retail jewelry stores such as Kay Jewelers and Jared The Galleria of Jewelry. Signet Jewelers Ltd. has a market cap of $3.81 billion; its shares were traded at around $44.39 with a P/E ratio of 16.5 and P/S ratio of 1.1. Signet had negative revenue growth of $9.6% in the past 12 months. The stock has been steadily rising in price the second quarter of 2009.
George Soros owns 26,200 shares as of 12/31/2010, which accounts for 0.01% of the $7.69 billion portfolio of Soros Fund Management LLC. This is his third quarter to increase his stake in the company.
Signet has a spotty balance sheet. Net income for the holiday quarter 2011 fell to $105.4 million from $115.5 million in the same quarter in 2010. Earnings per share also dropped to $1.21 in the holiday quarter of 2011, from $1.34 in the same quarter of 2010. However, net income was up to $200.4 million in fiscal year 2011, from $157.1 million the year prior. Same store sales also increased 6.7% for fiscal year 2011.
Vodafone
Vodafone AirTouch Plc is the world's largest international mobile communications firm. Vodafone Group Plc has a market cap of $151.4 billion; its shares were traded at around $28.76 with and P/S ratio of 2.2. The dividend yield of Vodafone Group Plc stocks is 3.1%.
George Soros owns 183,300 shares as of 12/31/2010, which accounts for 0.06% of the $7.69 billion portfolio of Soros Fund Management LLC.
Soros has been selling shares of Vodafone for the last four quarters, and the stock has risen steadily over the last year. Its financial balance sheet is strong – it has had five successive quarters of revenue growth, particularly in its global markets. He also reduced his position in Verizon Communications (VZ, Financial), which is 45% owned by Vodafone, by 46.81%. Telecommunications comprise a mere 1.5% of Soros’ portfolio.
To see other international stocks in his portfolio, go to Soros’ international stocks.
George Soros of Soros Fund Management is a hedge fund manager legendary for the unsurpassed success of his Quantum Fund over 26 years. From 1969 to 2000, he achieved a 32% cumulative return. Soros’ invests according to the philosophy that the prices of stocks, bonds and currencies depend on the people who buy and sell them, who often act based on emotion rather than logic. Therefore, he typically considers an opportunity’s value and market price of assets above all else.
Buys
Amarin
Amarin Corporation Plc is a global pharmaceutical group which develops innovative pharmaceutical products across a range of therapeutic areas utilizing its proprietary advanced oral and transdermal drug delivery technologies. Amarin Corp. Plc has a market cap of $861 million; its shares were traded at around $8.5.
Soros Funds bought 1,133,500 shares in the quarter that ended on 12/31/2010, which is 0.12% of the $7.69 billion portfolio of Soros Fund Management LLC. It was the first time he bought this company.
Currently, Amarin is focused on development of its lead product candidate, a drug for the treatment of cardiovascular disease. It says the drug is “advancing toward multi-billion dollar market opportunities.”
In the quarter ended Dec. 31, 2010, Amarin had a cash and cash equivalents balance of $31.4 million. In January of 2011, the company held a public stock offering in which it raised $98.7 million at $7.60 per share. The stock price leapt almost 60% in November on word that their Phase III clinical trial of its upcoming drug had positive results. The company plans to submit a New Drug Application in the third quarter of 2011.
BP
BP plc is the holding company of one of the world's largest petroleum and petrochemicals groups. BP Plc has a market cap of $141.91 billion; its shares were traded at around $45.3 with a P/E ratio of 6.4 and P/S ratio of 0.5. The dividend yield of Bp Plc stocks is 2.8%. More than 10% of George Soros’ portfolio is comprised of oil and gas investments.
George Soros bought 9,100 shares in the quarter that ended on 12/31/2010, which is 0.01% of the $7.69 billion portfolio of Soros Fund Management LLC. He had sold out of his shares in the fourth quarter of 2009.
In the quarter ended Dec. 2010, BP earned net income of $5.57 billion, an increase from $1.79 billion the quarter ended Sep. 2010. The quarter ended June 2010, the quarter in which the company was beset by the Deepwater Oil Spill, it lost $17 billion dollars. BP had revenue growth of 36.7% in the last 12 months, and 5.7% in the last five years.
BP is making several changes after becoming embroiled in the repercussions of a major environmental disaster. It has set the goal of achieving $30 of divestments by the end of 2011. It also has the immediate plan of growing from an oil company to a global energy group and to expand its presence in emerging markets. To this end, it acquired majority control of a Brazilian ethanol and sugar production company in March. BP predicts that biofuel production will more than triple in the next 20 years.
Signet
Signet Group Plc operates specialist retail jewelry stores such as Kay Jewelers and Jared The Galleria of Jewelry. Signet Jewelers Ltd. has a market cap of $3.81 billion; its shares were traded at around $44.39 with a P/E ratio of 16.5 and P/S ratio of 1.1. Signet had negative revenue growth of $9.6% in the past 12 months. The stock has been steadily rising in price the second quarter of 2009.
George Soros owns 26,200 shares as of 12/31/2010, which accounts for 0.01% of the $7.69 billion portfolio of Soros Fund Management LLC. This is his third quarter to increase his stake in the company.
Signet has a spotty balance sheet. Net income for the holiday quarter 2011 fell to $105.4 million from $115.5 million in the same quarter in 2010. Earnings per share also dropped to $1.21 in the holiday quarter of 2011, from $1.34 in the same quarter of 2010. However, net income was up to $200.4 million in fiscal year 2011, from $157.1 million the year prior. Same store sales also increased 6.7% for fiscal year 2011.
Vodafone
Vodafone AirTouch Plc is the world's largest international mobile communications firm. Vodafone Group Plc has a market cap of $151.4 billion; its shares were traded at around $28.76 with and P/S ratio of 2.2. The dividend yield of Vodafone Group Plc stocks is 3.1%.
George Soros owns 183,300 shares as of 12/31/2010, which accounts for 0.06% of the $7.69 billion portfolio of Soros Fund Management LLC.
Soros has been selling shares of Vodafone for the last four quarters, and the stock has risen steadily over the last year. Its financial balance sheet is strong – it has had five successive quarters of revenue growth, particularly in its global markets. He also reduced his position in Verizon Communications (VZ, Financial), which is 45% owned by Vodafone, by 46.81%. Telecommunications comprise a mere 1.5% of Soros’ portfolio.
To see other international stocks in his portfolio, go to Soros’ international stocks.
