The recent update of the Soros Fund Management portfolio, led by legendary Guru George Soros, 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%.
Guru Soros made more than 80 decreases in his third quarter activity. Here’s a review of three sells made by George Soros, starting with Citigroup Inc., reporting revenue of $17.9 billion for the third quarter of 2013, up from $13.7 billion in the same quarter a year ago. The global bank’s quarterly net income was $3.2 billion, compared to $468 million in the same quarter of 2012. Third quarter 2013 earnings were reported as $1.00 per diluted share, up from $0.15 in the same quarter one year ago.
Citigroup Inc. (C, Financial): Sold Out
Impact to Portfolio: -0.09%
Up 40% over 12 months, Citigroup Inc.has a market cap of $152.86 billion. Shares trade with a P/E of 12.80. The dividend yield is 0.10%.
Guru Action: As of Sept. 30, 2013, George Soros sold out his Citigroup holding, unloading 172,722 shares at an average price of $50.56, for a loss of 0.3%, his first loss in five years of trading.
The current share price is around $50.40, with a change from average of 0%.
George Soros has gained steadily on Citigroup since he made a new buy of 1,050 shares at an average price of $35.71, gaining 41.1%, in the first quarter of 2010.
His highest gain was 81.1% in the fourth quarter of 2011 when he sold 52,300 shares at an average price of $27.83 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:
TripAdvisor Inc. (TRIP, Financial): Sold Out
Impact to Portfolio: -0.09%
Up 130% over 12 months, TripAdvisor Inc., an Internet travel company, has a market cap of $12.47 billion. Shares trade with a P/E of 58.50. The company does not pay a dividend.
In the third quarter of 2013, TripAdvisor Inc. reported revenue of $255.1 million, an increase of 20% year-over-year. Quarterly net income was down 6% year-over-year at $55.9 million. Earnings of $0.38 per diluted share were posted for the reporting quarter. The company reported adjusted EBITDA at $104.4 million, down by 2% year-over-year.
Guru Action: As of Sept. 30, 2013, George Soros sold out his TRIP, unloading 140,744 shares at an average price of $70.85 per share, for a gain of 23.9%.
The current share price is around $87.77, with a change from average up 24%.
Soros held TRIP for seven gaining quarters that topped out at a gain of 224.8% when he made a new buy of 366,510 shares at an average price of $27.02 per share, in the fourth quarter of 2011. Five out of seven quarters made triple-digit gains.
Check out the guru action in third quarter, along with one recent insider sell.
Track historical pricing, revenue and net income:
Market Vectors Junior Gold Miners ETF (GDXJ, Financial): Reduced
Impact to Portfolio: -0.09%
Current Shares: 300,000
Market Vectors Junior Gold Miners ETF is up 62% over 12 months. GDXJ shows an EV-to-EBIT of 250.00, a PEG of 4.70, and a Price/Tangible Book of 1.00. The GuruFocus analysis reports that there is not enough data about the exchange traded fund and that interest coverage is extremely low.
Guru Action: As of Sept. 30, 2013, George Soros reduced his position by 75%, selling 900,000 shares at an average price of $42.94, for a loss of 16.1%.
The current share price is around $36.01, with a change from average down 16%.
Over eight quarters, Soros gained 71% on 2,398,350 shares bought at an average price of $21.04 per share. Selling 2,098,350 shares at an average price of $29.52 per share, he made a gain of 22%.
As of the third quarter of 2013, George Soros is one of two gurus holding but significantly reducing GDXJ. No insider trading was found.
Track historical share pricing since 2009:
Guru George Soros was born in Budapest in 1930. He is the chairman of Soros Fund Management LLC, and has also been a prominent voice for democracy for over 30 years. His philanthropic organization, the Open Society Foundations, supports democracy and human rights worldwide in more than 70 countries.
Here's the complete portfolio of George Soros.
Be sure to read:
1. George Soros's Undervalued Stocks
2. George Soros's Top Growth Companies
3. George Soros's High Yield stocks
4. Stocks that George Soros keeps buying
If you are not yet a Premium Member, try a 7-day Free Trial.
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.
George Soros is averaging a 12-month return of 23.96%.
Guru Soros made more than 80 decreases in his third quarter activity. Here’s a review of three sells made by George Soros, starting with Citigroup Inc., reporting revenue of $17.9 billion for the third quarter of 2013, up from $13.7 billion in the same quarter a year ago. The global bank’s quarterly net income was $3.2 billion, compared to $468 million in the same quarter of 2012. Third quarter 2013 earnings were reported as $1.00 per diluted share, up from $0.15 in the same quarter one year ago.
Citigroup Inc. (C, Financial): Sold Out
Impact to Portfolio: -0.09%
Up 40% over 12 months, Citigroup Inc.has a market cap of $152.86 billion. Shares trade with a P/E of 12.80. The dividend yield is 0.10%.
Guru Action: As of Sept. 30, 2013, George Soros sold out his Citigroup holding, unloading 172,722 shares at an average price of $50.56, for a loss of 0.3%, his first loss in five years of trading.
The current share price is around $50.40, with a change from average of 0%.
George Soros has gained steadily on Citigroup since he made a new buy of 1,050 shares at an average price of $35.71, gaining 41.1%, in the first quarter of 2010.
His highest gain was 81.1% in the fourth quarter of 2011 when he sold 52,300 shares at an average price of $27.83 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:
TripAdvisor Inc. (TRIP, Financial): Sold Out
Impact to Portfolio: -0.09%
Up 130% over 12 months, TripAdvisor Inc., an Internet travel company, has a market cap of $12.47 billion. Shares trade with a P/E of 58.50. The company does not pay a dividend.
In the third quarter of 2013, TripAdvisor Inc. reported revenue of $255.1 million, an increase of 20% year-over-year. Quarterly net income was down 6% year-over-year at $55.9 million. Earnings of $0.38 per diluted share were posted for the reporting quarter. The company reported adjusted EBITDA at $104.4 million, down by 2% year-over-year.
Guru Action: As of Sept. 30, 2013, George Soros sold out his TRIP, unloading 140,744 shares at an average price of $70.85 per share, for a gain of 23.9%.
The current share price is around $87.77, with a change from average up 24%.
Soros held TRIP for seven gaining quarters that topped out at a gain of 224.8% when he made a new buy of 366,510 shares at an average price of $27.02 per share, in the fourth quarter of 2011. Five out of seven quarters made triple-digit gains.
Check out the guru action in third quarter, along with one recent insider sell.
Track historical pricing, revenue and net income:
Market Vectors Junior Gold Miners ETF (GDXJ, Financial): Reduced
Impact to Portfolio: -0.09%
Current Shares: 300,000
Market Vectors Junior Gold Miners ETF is up 62% over 12 months. GDXJ shows an EV-to-EBIT of 250.00, a PEG of 4.70, and a Price/Tangible Book of 1.00. The GuruFocus analysis reports that there is not enough data about the exchange traded fund and that interest coverage is extremely low.
Guru Action: As of Sept. 30, 2013, George Soros reduced his position by 75%, selling 900,000 shares at an average price of $42.94, for a loss of 16.1%.
The current share price is around $36.01, with a change from average down 16%.
Over eight quarters, Soros gained 71% on 2,398,350 shares bought at an average price of $21.04 per share. Selling 2,098,350 shares at an average price of $29.52 per share, he made a gain of 22%.
As of the third quarter of 2013, George Soros is one of two gurus holding but significantly reducing GDXJ. No insider trading was found.
Track historical share pricing since 2009:
Guru George Soros was born in Budapest in 1930. He is the chairman of Soros Fund Management LLC, and has also been a prominent voice for democracy for over 30 years. His philanthropic organization, the Open Society Foundations, supports democracy and human rights worldwide in more than 70 countries.
Here's the complete portfolio of George Soros.
Be sure to read:
1. George Soros's Undervalued Stocks
2. George Soros's Top Growth Companies
3. George Soros's High Yield stocks
4. Stocks that George Soros keeps buying
If you are not yet a Premium Member, try a 7-day Free Trial.
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.
