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Billionaire Investor George Soros' Q3 Portfolio Updates: Big Increases in JNJ and CF

By: GuruFocus
Posted: 11/15/2012 5:34:00 PM
Referenced Stocks: AGRO;AIG;CF;GE;JNJ

Labeled as "one of history's most successful financiers," legendary Guru George Soros has updated his Soros Fund Management LLC hedge fund portfolio with a total of 167 transactions:

Adds to Current Shares32
New Buys63
Reductions to Current Shares15
Sold Out57

As of the end of the third quarter, Soros Fund Management's stock lineup totals 160, a total value of about $6.2 billion, and a quarter-over-quarter turnover rate of 53%.

Currently, Soros' top holdings are:
  1. American International Group Inc. ( AIG ) representing 8% of his portfolio, which is .93% of shares outstanding.
  2. Adecoagro SA ( AGRO ) representing 4.2% of his portfolio, which is 21.5% of shares outstanding.
  3. General Electric Co. ( GE ) representing 3.8% of his portfolio, which is .10% of shares outstanding.
  4. SPRD Gold Trust - exchange-traded fund ( GLD ) representing 3.7% of his portfolio, which is 0.3% of shares outstanding.
  5. NetApp Inc. ( NTAP ) representing 3.2% of his portfolio, which is 1.66% of shares outstanding.
Consumer services, financials and technology make up the largest sectors among his stocks, as seen in the group's sector weightings below:

Consumer Services21.10%
Basic Materials11.20%
Consumer Goods8%
Oil & Gas7%
Health Care6.60%
Not Assigned1.30%

Out of all the transactions reported from the third quarter, Soros' share increases to Johnson & Johnson ( JNJ ) and CF Industries Holdings Inc. ( CF ) created the most impact to his portfolio.

Soros' reduction to his stake in Wal-Mart Stores Inc. ( WMT ) trails in third place in terms of impact.

Johnson & Johnson ( JNJ )

Soros' 1557.29% increase to his Johnson & Johnson stake created an impact to his portfolio of almost 3% in the third quarter.

Soros has had tiny share amounts of the stock in the past, even selling all his shares completely on two separate occasions. In the second quarter of this year, he reported to owning 155,000 shares.

After this latest transaction, Soros has boosted his shareholding to 2,568,800 shares, which represents 0.09% shares outstanding.

With a market cap of $192.67 billion, consumer products manufacturer Johnson & Johnson has had steady revenue growth in the past 10 years, expanding at a rate of 8.3 percent.

Johnson & Johnson ranks 2.5 stars in Business Predictability .

Its two Severe Warning signs denote a declining operating margin and an asset growth faster than revenue. On the other hand, its three Good Signs reveal a consistent revenue growth, a dividend yield close to its five-year high and a P/E ratio close to a 10-year low.

Trading at an all-time high in 10 years, Johnson & Johnson has a market price of $68.82 per shares.

JNJ data by

While Soros may have grew in his Johnson & Johnson stake in the third quarter, a slew of Gurus have made reductions to their stockholding in the same quarter, including Paul Tudor Jones, Jim Simons, Prem Watsa, Warren Buffett and Steven Cohen, to name a few. View other Gurus' holding history of Johnson & Johnson here.

Read more about Johnson & Johnson's financial standings in 10-Year Financials.

CF Industries Holdings Inc. ( CF )

Soros' purchase of more shares of CF Industries Holdings Inc. ( CF ) in the third quarter accounted for a 2.54 percent impact to his portfolio, and brings his current shareholding to 770,137 shares.

Soros has completely sold out his shares of the stock in four separate occasions in the last five years. In the second quarter of this year, he only reported about 70,500 shares of CF Industries.

With a market cap of $12.29 billion, CF Industries is a large fertilizer manufacturer that only became a public company in 2005. Headquartered in Deerfield, Ill., it operates in the U.S. Central, Southern and Midwest regions, as well as operations in Canada, the UK and The Republic of Trinidad and Tobago.

CF industries has a solid Profitability and Growth rank of 9 out of 10, with a dividend yield close to a three-year high and a P/E ratio close to a 10-year low. Its free cash flow growth trend line seems to be in an uphill climb, which places control over the company's long-term debt.

CF data by

CF Industries is currently trading at $184.80 per share, and has a P/E (ttm) ratio of 7.4, a P/S ratio of 2.3 and a P/B ratio of 2.3. View its 10-Year Financials to see more of where it stands financially.

To read more about George Soros, view GuruFocus article archives. Also view the rest of his third quarter updates, as well as his undervalued stocks, top growth companies and high yield stocks.About GuruFocus: 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 .