From Bloomberg: Billionaire George Soros’s investment firm
added to financial stocks in the first quarter, including shares of JPMorgan
Chase & Co. and Suntrust Banks Inc. He sold the company’s stake in Google Inc.
The $25 billion Soros Fund Management LLC, based in New
York, increased the value of its stake in financials by 7 percent, including
606,000 shares of JPMorgan worth $28 million as of March 31, and 3.2 million
shares of Atlanta-based Suntrust valued at $77 million, according to a filing
yesterday with the U.S. Securities and Exchange Commission.
Soros also purchased 3.75 million shares of Sugar Land,
Texas-based CVR Energy Inc. (CVI) valued at $100 million as of March 31. On May
7, billionaire Carl Icahn won the right to acquire the oil refiner after a
majority of CVR shareholders agreed to sell their stakes to him for $30 a
share. The shares have climbed 62 percent this year….
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