George Soros Reports New Buys of the Fourth Quarter

By
A A A
Share |

George Soros , recognized for running the best-performing hedge fund of all time, left his Quantum Fund recently and instead manages his own money under a new entity, Soros Fund Management. As a trader, his portfolio was valued at $5.37 billion at the end of the fourth quarter, and had 163 stocks, of which 61 were new additions. Soros prefers the financial services sector, weighting the portfolio 13.6% in it, and has smaller segments allocated in energy, consumer defense and many other sectors. Of his new fourth quarter stock buys, the largest positions are: Morgan Stanley ( MS ), Citrix Systems Inc. ( CTXS ), Anadarko Petroleum Corp. ( APX ) and Plains Exploration and Production Company ( PXP ).

New Buys

Morgan Stanley ( MS )

Soros' fund bought 4,144,200 shares of Morgan Stanley for an average price of $17 per share in the fourth quarter. Soros previously traded this stock at higher prices.

His holding history:



Morgan Stanley is a global financial services firm with 1,200 offices in 43 countries.

In the third quarter, Morgan Stanley reported $7 billion in net revenue, up from $5.7 billion a year previously. Its net income also improved to $481 million, from a loss of $1.05 billion the previous quarter and a loss of $275 million a year previously.

Morgan Stanley has a P/E of 18.6, P/B of 0.7 and P/S of 1.795.

Citrix Systems Inc. ( CTXS )

Soros' fund purchased 950,000 shares of Citrix Systems Inc. for $64 per share in the fourth quarter. He previously made a sizable profit on this stock in 2010 and 2011.



Citrix is a cloud computing company focused on enabling employees to work anywhere on any device. Its products are used by more than 260,000 organizations.

In the fourth quarter, Citrix reported $740 million in revenue, up 19% from a year ago. Its net income was $114 million, or $0.60 per diluted share, compared to $109 million, or $0.58 per diluted share a year ago.

Citrix has a P/E of 38.4, P/B of 4.5 and P/S of 5.53.

Anadarko Petroleum Corp. ( APC )

Soros purchased 755,655 shares of Anadarko Petroleum for $72 per share in the fourth quarter.

He has previously traded this stock several times, as seen in his holding history:



Anadarko is an oil and natural gas exploration and development company with 2.56 billion barrels-equivalent of proved reserves.

In the fourth quarter, Anadarko reported revenue of $3.41 billion, down from $3.84 billion a year previously. Net income was $190 million, up from a net loss of $339 million a year previously.

Anadarko has a P/E ratio of 23, P/B of 2 and P/S of 3.04.

Plains Exploration and Production Company ( PXP )

Soros' fund purchased 953,000 shares of Plains Exploration & Production Company for $39 per share.

He has a history with this stock in previous years:



In the third quarter, PXP had revenue of $605.1 million, a 21% increase from the previous year, and net income of $51.6 million, or $0.39 per diluted share, down from $64.9 million, or $0.45 per diluted share, a year previously.

PXP has a P/B of 1.9 and P/S of 2.9.

See George Soros ' stock portfolio here . Also check out the Undervalued Stocks , Top Growth Companies and High Yield stocks of George Soros.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: APC , CTXS , MS , PXP

GuruFocus

GuruFocus

More from GuruFocus:

Related Videos

Stocks

Referenced

100%
100%
71%

Most Active by Volume

72,157,294
  • $61.36 ▼ 2.65%
56,535,455
  • $34.92 ▼ 3.78%
49,608,479
  • $4.42 ▼ 3.07%
49,328,445
  • $25.91 ▼ 3.18%
48,932,529
  • $16.37 ▲ 0.49%
38,182,422
  • $3.17 ▼ 1.55%
33,297,581
  • $73.86 ▲ 1.37%
32,790,375
  • $47.43 ▼ 1.02%
As of 4/23/2014, 04:07 PM