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Titan Investor George Soros Sold Out 50 Companies

A staunch faith keeper of democratic ideals and one of the world's most successful investors, George Soros of Soros Fund Management, is known for his theory that financial markets are chaotic. In a major portfolio purge, Soros recently sold out holdings in 50 companies in a frenzy of first quarter trading. The top three exited positions that impact his portfolio most are: JPMorgan Chase & Co. ( JPM ), General Electric Co. ( GE ) and CF Industries Holding ( CF ). Here are the details as of March 31, 2013:

Sold Out: JPMorgan Chase & Co. ( JPM ) -Banks - Global

George Soros sold out his position with JPM, as of March 31, 2013. He sold a little more than 2.5 million shares at an average price of $48 per share, for a 9.1% gain. According to GuruFocus research, Soros held JPM for 16 quarters; his highest gain was the fourth quarter of 2011 for 62.2%.

This trade impacts his portfolio by -1.4%.

The current JPM share price is $52.37 compared to past valuations:

JPM data by GuruFocus.com

Sold Out: General Electric Co. ( GE ) - Diversified Industrials

George Soros sold out his position with GE, as of March 31, 2013. He sold a little more than 4.9 million shares at an average price of $22.63 per share, for a 4.2% gain. According to GuruFocus research, Soros held GE for nine quarters; his highest gain was the fourth quarter of 2009 for 50.5%.

This trade impacts his portfolio by -1.2%.

The current JPM share price is $23.57 compared to historical valuations:

GE data by GuruFocus.com

Sold Out: CF Industries Holding ( CF ) - Agricultural Inputs

George Soros sold out his position with CF, as of March 31, 2013. He sold 446,600 shares at an average price of $211.31 per share, for a loss of 9.4%. According to GuruFocus research, Soros held CF for 11 quarters; his highest gain was in the third quarter of 2009 for 136.7%.

This trade impacts his portfolio by -1.1%.

The current share price is $191.49 compared to past valuations:

CF data by GuruFocus.com

Get all the facts on the first quarter 2013 trades of George Soros.

Venerable Guru George Soros has a net worth of $19.2 billion according to Forbes. Soros Fund Management's recently updated portfolio lists 207 stocks, 74 of them new, with a total value of $8.56 billion, and a quarter-by-quarter turnover of 21%.

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


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

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