George Soros (Trades, Portfolio) released his updated portfolio Monday, reflecting his latest trades for the third quarter. The widely followed guru investor chairs Soros Fund Management, a former hedge fund where he primarily invests family assets.
Soros initiated 75 positions during the quarter, bringing his total number held to 222, with 24% quarter-over-quarter turnover. One of his most notable portfolio moves was to boost Allergan PLC (AGN, Financial) by 386% to make it his top position, as he cut his positions in calls and puts on the S&P 500 (SPY, Financial), which were more than a quarter of his entire portfolio last quarter.
Of the new buys for the quarter, Soros’ largest were: CIT Group Inc. (CIT, Financial), Schlumberger Ltd. (SLB, Financial), Amazon.com Inc. (AMZN, Financial), Netflix Inc. (NFLX, Financial) and Intuit Inc. (INTU, Financial).
CIT Group Inc. (CIT, Financial)
Soros purchased 2,801,256 shares during the third quarter, a 1.92% portfolio weight. The price for its shares averaged $45 for the quarter.
CIT Group Inc. was originally incorporated in Delaware on March 12, 2001, as T-Sub Inc. Cit Group Inc. has a market cap of $8.29 billion; its shares were traded at around $41.23 with a P/E ratio of 6.67 and P/S ratio of 2.8. The dividend yield of CIT Group Inc stocks is 1.45%.
Schlumberger Ltd. (SLB, Financial)
Soros purchased 982,116 shares of Schlumberger Ltd., a 1.16% portfolio weight. The price for its shares averaged $79.
Schlumberger Ltd. was founded in 1926. The company is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. Schlumberger Ltd. has a market cap of $97.89 billion; its shares were traded at around $77.62 with a P/E ratio of 29.27 and P/S ratio of 2.45. The dividend yield of Schlumberger Ltd. stocks is 2.45%. Schlumberger Ltd. had an annual average earnings growth of 11.20% over the past 10 years. GuruFocus rated Schlumberger Ltd. the business predictability rank of 4-star.
Amazon.com Inc. (AMZN, Financial)
Soros purchased 77,877 shares of Amazon.com Inc., a 0.68% portfolio weight. The price for its shares averaged $506.
Amazon.com Inc. was incorporated in July 1994 in the state of Washington. Amazon.com Inc. has a market cap of $301.62 billion; its shares were traded at around $643.43 with a P/E ratio of 919.15 and P/S ratio of 3.03. Amazon.com Inc had an annual average earnings growth of 23.7% over the past 10 years. GuruFocus rated Amazon.com Inc. the business predictability rank of 5-star.
Netflix Inc. (NFLX, Financial)
Soros bought 317,534 shares of Netflix Inc., a 0.56% portfolio weight. The price for its shares averaged $107.
Netflix Inc. was incorporated in Delaware on Aug. 29, 1997, and began operations on April 14, 1998. Netflix Inc. has a market cap of $48.5 billion; its shares were traded at around $113.49 with a P/E ratio of 301.0 and P/S ratio of 7.66. Netflix Inc. had an annual average earnings growth of 44.0% over the past 10 years. GuruFocus rated Netflix Inc. the business predictability rank of 5-star.
Soros bought 360,429 shares of Intuit Inc., a 0.55% portfolio weight. The price for its shares averaged $97.
Intuit Inc. was incorporated in California in March 1984. Intuit Inc. has a market cap of $26.92 billion; its shares were traded at around $97.07 with a P/E ratio of 74.09 and P/S ratio of 6.62. The dividend yield of Intuit Inc stocks is 1.08%. Intuit Inc. had an annual average earnings growth of 10.2% over the past 10 years. GuruFocus rated Intuit Inc. the business predictability rank of 2.5-star.
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