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Holly LaFon
Holly LaFon
Articles (7844) 

George Soros' 5 Largest Buys Amid Bet Against the S&P 500

February 20, 2014 | About:

Legendary investor George Soros (Trades, Portfolio)’ Soros Fund Management LLC selected 77 new stocks for their $11.8 billion portfolio, which calculates to 30% quarter-over-quarter turnover in the total count of 237 long positions.

However, Soros may not be so optimistic about the direction of the market in the near future. The seasoned market reader on Friday revealed owning 7,090,000 “puts” on the S&P 500 SPDR ETF – a bet that the market will go down. The position is sized at 11.1% of his portfolio, making it his largest holding. He hedged the position with a further 405,000 “calls” on the S&P, indicating he is overall bullish on the market.

Soros also made several sizable long investments in U.S. companies, the largest of which are Essent Group Ltd. (NYSE:ESNT), JPMorgan Chase & Co. (NYSE:JPM), Leucadia National Corp. (NYSE:LUK), Citigroup Inc. (NYSE:C) and Barrick Gold Corp. (NYSE:ABX).

New Buys

Essent Group Ltd. (NYSE:ESNT)

Soros bought 7,548,618 shares of Essent Group Ltd., a 1.5% portfolio position. The stock’s fourth quarter share price average was $22 per share.


Essent Group Ltd. has a market cap of $2.19 billion; its shares were traded at around $25.15 with and P/S ratio of 20.40.

JPMorgan Chase & Co. (NYSE:JPM)

Soros bought 2,841,233 shares of JPMorgan Chase & Co., a 1.4% portfolio position. The fourth quarter average price was $55.


JPMorgan Chase & Co. is incorporated under Delaware law in 1968. JPMorgan Chase & Co. has a market cap of $216.45 billion; its shares were traded at around $57.58 with a P/E ratio of 13.00 and P/S ratio of 2.30. The dividend yield of JPMorgan Chase & Co. stocks is 2.50%. JPMorgan Chase & Co. had an annual average earnings growth of 6.0% over the past 10 years. GuruFocus rated JPMorgan Chase & Co. the business predictability rank of 3.5-star.

Leucadia National Corp. (NYSE:LUK)

Soros purchase of Leucadia was 4,282,343 shares, and 1% of the portfolio. Its average fourth quarter price was $28 per share.


Leucadia National Corp. is a New York corporation organized in 1968. Leucadia National Corp. has a market cap of $10.13 billion; its shares were traded at around $27.80 with a P/E ratio of 9.10 and P/S ratio of 0.80. The dividend yield of Leucadia National Corp. stocks is 0.90%.

Citigroup Inc. (NYSE:C)

Soros bought 2,283,813 shares of Citigroup, sized at 1% of the portfolio. The fourth quarter average price was $51.


Citigroup Inc. was incorporated in 1988 under the laws of the State of Delaware. Citigroup Inc. has a market cap of $145.98 billion; its shares were traded at around $48.13 with a P/E ratio of 12.20 and P/S ratio of 1.90. The dividend yield of Citigroup Inc. stocks is 0.10%.

Barrick Gold Corp. (NYSE:ABX)

Soros bought 111,071 shares of Barrick Gold Corp., a 0.94% portfolio position. Shares cost $18 on average in the fourth quarter.


Barrick Gold Corp. produces and sells gold and copper. Barrick Gold Corp. has a market cap of $24.43 billion; its shares were traded at around $20.98 with and P/S ratio of 1.40. The dividend yield of Barrick Gold Corp. stocks is 2.50%.

Check out more George Soros (Trades, Portfolio) stocks in his portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here!

Rating: 4.1/5 (7 votes)



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