Legendary investor George Soros, 81 years old, had a wild second quarter as his $5.6 billion hedge fund added 198 new stocks and sold out of 348 in what turned out to be a wholesale reshuffling of his portfolio, TheStreet writes.
A few of the largest new acquisitions for Soros Fund Management are: Golar LNG Partners(GMLP), which operates a fleet of liquid-natural-gas carriers; computer giant International Business Machines(IBM); Semiconductor HOLDRs(SMH), an exchange traded fund that invests in semiconductor makers; VMware(VMW), a provider of virtualization software for cloud-computing systems; and SandRidge Energy(SD), an oil and natural-gas company
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The fund closed out of its positions in Internet search engine Google(GOOG), at $68 million; luxury-goods maker Coach(COH), a $46 million position; gold miner Novagold Resources(NG), which was a $45 million stake;
Read more: http://www.thestreet.com/story/11221115/1/soros-makes-wholesale-changes-to-fund.html#ixzz1VOYbdf43
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