George Soros (Trades, Portfolio) is the world’s 24th-richest man, according to Bloomberg’s most recent rankings, with a net worth of $27.8 billion.
In 1970, after working as a traveling salesman and a clerk early in his career – what Soros has called "the low point of my life" – before moving on to more substantial financial work, he founded New York-based Soros Fund Management and became its chairman.
By 2010, Soros Fund Management was said to be the most successful hedge fund in the industry with an average annual return rate of 20% during those 40 years.
On Monday, Soros reduced his stake in Quantum Corp. (QTM, Financial), a San Jose, Calif.-based maker of data storage products, by more than 39%, selling 2,100,000 shares for an average price of 75 cents per share. The transaction had a -0.02% impact on Soros’ portfolio.
That sale left Soros with 3,266,666 shares of Quantum in his portfolio. The stock sold for 76 cents per share when the market closed Thursday.
Quantum has a market cap of $196.37 million and an enterprise value of $267.82 million. It has a P/E of 19.7, a forward P/E of 13.5 and a P/S of 0.4. GuruFocus has given it a Financial Strength rating of 6/10 and a Profitability and Growth rating of 3/10.
Private Capital (Trades, Portfolio), Jim Simons (Trades, Portfolio), Charles Brandes (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of Quantum in their portfolios.
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