George Soros (Trades, Portfolio) Keeps Buying TEVA, EQT, YPF, EGN, CZR And Keeps Selling GOOGL, BA, MSFT, HAR
George Soros (Trades, Portfolio) is Chairman of Soros Fund Management LLC, a privately held investment management firm and former hedge fund. George Soros (Trades, Portfolio) has also been a supporter of democratic ideals, and has been involved in philanthropic funding in numerous countries. George Soros (Trades, Portfolio) earned $4 billion in 2013 with Soros Fund Management giving returns of 22%. George Soros (Trades, Portfolio) was involved in a major hedge fund conflict last year against Bill Ackman (Trades, Portfolio)’s pyramid scheme theory by going long Herbalife, a large health supplement company.
Soros Fund Management was founded in 1969 by George Soros (Trades, Portfolio) and invests in public equity and fixed income markets as well as currency and commodity markets. Soros Fund Management manages and funds private equity and venture capital funds. Soros Fund Management is currently directed by Scott Bessent, the chief investment officer.
George Soros (Trades, Portfolio)’s investment ideology revolves around by “discounting the obvious and betting on the unexpected.” He believes that it is crucial to find critical information about companies that others are divesting in. His investment strategy involves a unique “reflexivity” theory that uses market feedback to value assets and predict market outcomes. He applies the scientific method to his investments and first invests a little then gradually increases his investment.
Stocks that George Soros (Trades, Portfolio) keeps buying
No. 1: Teva Pharmaceutical Industries Ltd (TEVA, Financial), Weightings: 5.4% - 10,310,041 Shares
Teva Pharmaceutical Industries Ltd is an Israeli pharmaceutical company that develops, produces and markets generic, branded & OTC medicines. Teva Pharmaceutical Industries Ltd has a market cap of $46.35 billion; its shares were traded at around $54.46 with a P/E ratio of 33.40 and P/S ratio of 2.26. The dividend yield of Teva Pharmaceutical Industries Ltd stocks is 2.10%. Teva Pharmaceutical Industries Ltd had an annual average earnings growth of 14.50% over the past 10 years. GuruFocus rated Teva Pharmaceutical Industries Ltd the business predictability rank of 4.5-star.
Over the past year, Teva Pharmaceutical Industries has received buy and hold recommendations from major brokerages and analysts. The company reported $1.22 earnings per share and $5 billion for the past quarter.
Teva Pharmaceuticals currently faces risk because its crucial patent-protected drug Copaxone lost its patent protection in the United States. Other competitors such as Mylan, Natco, Momenta Pharmaceuticals, and Novartis have plans to launch their own versions of Copaxone.
George Soros (Trades, Portfolio) owns 10,310,041 shares of TEVA, valued as $545 million as of Mar. 31, 2014, which accounts for 5.4% of his equity portfolio. George Soros (Trades, Portfolio) added his positions in the Dec. 31, 2013 quarter by 158.2%, again in the Mar. 31, 2014 quarter by 10.67%.
No. 2: EQT Corp (EQT, Financial), Weightings: 2.5% - 2,573,814 Shares
EQT Corporation is a large natural gas producer in Appalachian Basin. EQT Corp is a Pennsylvania corporation formed in 2008 in connection with a holding company reorganization of the former Equitable Resources, Inc. Eqt Corp has a market cap of $15.46 billion; its shares were traded at around $101.90 with a P/E ratio of 32.10 and P/S ratio of 7.87. The dividend yield of Eqt Corp stocks is 0.12%. Eqt Corp had an annual average earnings growth of 7.80% over the past 10 years.
EQT’s earnings are ranked top in the oil and gas-integrated industry. EQT stock has been rising over the past months by approximately 1.4%. EQT’s positive performance is said to be driven by rising gas prices and its midstream flexibility allowing EQT to be able to move its natural gas efficiently.
George Soros (Trades, Portfolio) owns 2,573,814 shares of EQT, valued as $250 million as of Mar. 31, 2014, which accounts for 2.5% of his equity portfolio. George Soros (Trades, Portfolio) added his positions in the Dec. 31, 2013 quarter by 34.04%, again in the Mar. 31, 2014 quarter by 3.27%.
No. 3: YPF Sociedad Anonima (YPF, Financial), Weightings: 1.6% - 5,312,308 Shares
YPF Sociedad Anonima is an integrated oil & gas company based in Argentina. The company specializes in exploration, production, and refining of petroleum. Ypf Sociedad Anonima has a market cap of $14.93 billion; its shares were traded at around $37.97 with a P/E ratio of 15.80 and P/S ratio of 1.05. The dividend yield of Ypf Sociedad Anonima stocks is 0.63%. Ypf Sociedad Anonima had an annual average earnings growth of 9.40% over the past 10 years. GuruFocus rated Ypf Sociedad Anonima the business predictability rank of 2.5-star.
YPF SA has experienced a slump in June due to the company’s declining bonds. However, YPF’s revenue growth has outperformed its industry by an average of 3.1% boosting its EPS. YPF has experienced excellent growth in its stock over the past year of more than 124% outperforming the S&P 500 Index.
George Soros (Trades, Portfolio) owns 5,312,308 shares of YPF, valued as $166 million as of Mar. 31, 2014, which accounts for 1.6% of his equity portfolio. George Soros (Trades, Portfolio) added his positions in the Dec. 31, 2013 quarter by 5.48%, again in the Mar. 31, 2014 quarter by 27.05%.
No. 4: Energen Corp (EGN, Financial), Weightings: 1.6% - 2,005,519 Shares
Energen Corporation was incorporated in Alabama in 1978 in connection with the reorganization of its oldest subsidiary, Alagasco. The company operates in two divisions: oil and gas exploration and natural gas utility. Energen Corp has a market cap of $6.19 billion; its shares were traded at around $85.02 with a P/E ratio of 30.80 and P/S ratio of 3.35. The dividend yield of Energen Corp stocks is 0.69%. Energen Corp had an annual average earnings growth of 9.00% over the past 10 years. GuruFocus rated Energen Corp the business predictability rank of 2-star.
Energen Corp is predicted to do well in the future because of rising crude-oil prices along with successful projects. Energen has tested four new Wolfcamp wells in the Permian Basin generating a high IP. Energen plans to expand rapidly by adding 23 wells to its drilling plans of 2014.
George Soros (Trades, Portfolio) owns 2,005,519 shares of EGN, valued as $162 million as of Mar. 31, 2014, which accounts for 1.6% of his equity portfolio. George Soros (Trades, Portfolio) added his positions in the Dec. 31, 2013 quarter by 47.05%, again in the Mar. 31, 2014 quarter by 5.46%.
No. 5: Caesars Entertainment Corp (CZR, Financial), Weightings: 1.2% - 6,514,783 Shares
Caesars Entertainment Corp was incorporated on November 2, 1989 in Delaware. Caesars Entertainment Corp is an American public gaming corporation with over 50 hotels and casinos in the United States. Caesars Entertainment Corp has a market cap of $2.44 billion; its shares were traded at around $16.90 with and P/S ratio of 0.26.
Caesars Entertainment Corp is ready to invest $5 billion in a casino in Tokyo, Japan. According to CEO Gary Loveman, it is easy to “finance a very substantial portion of that value through the debt market” and that Caesars would have no problem financing it. Caesars has applied to develop a facility in New York recently.
Caesars has decided to close its Showboat Atlantic City casino because of dwindling revenue and high property tax. Caesars reported a 14% decline in revenue and $50.2 million loss from operations in May 2014 from the city.
George Soros (Trades, Portfolio) owns 6,514,783 shares of CZR, valued as $124 million as of Mar. 31, 2014, which accounts for 1.2% of his equity portfolio. George Soros (Trades, Portfolio) added his positions in the Dec. 31, 2013 quarter by 14.15%, again in the Mar. 31, 2014 quarter by 0.94%.
Stocks that George Soros (Trades, Portfolio) keeps selling
No. 1: Google Inc (GOOGL, Financial), Weightings: 0.68% - 115,020 Shares
Google is a global corporation specializing in internet and technology-related services and products. Google’s main source of revenue is from online advertising. Google, Inc., was incorporated in California in September 1998 and reincorporated in Delaware in August 2003. Google Inc has a market cap of $395.69 billion; its shares were traded at around $586.65 with a P/E ratio of 30.60 and P/S ratio of 6.48. Google Inc had an annual average earnings growth of 33.30% over the past 10 years. GuruFocus rated Google Inc the business predictability rank of 3-star. Google has recently invested $100 million in startups in Europe as well as acquiring startups from to penetrate different industries such as Songza, a music streaming company and Appetas, a website focused on building better websites for restaurants.
Google launched Shopping Express, investing heavily in a same-day delivery service. Google has partnered with many large retail stores such as Wal-Mart, Costco, and Whole Foods to allow customers to search and browse for products nearby. This may directly threaten Amazon because of Amazon’s same-day service Amazon Prime. Google is looking for a new revenue stream more from ad revenues from product searches than delivery with Shopping Express.
George Soros (Trades, Portfolio) owns 115,020 shares of GOOGL, valued as $68 million as of Mar. 31, 2014, which accounts for 0.68% of his equity portfolio. George Soros (Trades, Portfolio) reduced his positions in the Dec. 31, 2013 quarter by 5.7%, again in the Mar. 31, 2014 quarter by 25.86%.
No. 2: Boeing Co (BA, Financial), Weightings: 0.18% - 145,855 Shares
Boeing Company is a multinational corporation that designs and manufactures aircrafts, rockets, satellites, and rotorcrafts. Boeing Co is the largest aircraft manufacturer. Boeing Co was originally incorporated in the State of Washington in 1916 and reincorporated in Delaware in 1934. Boeing Co has a market cap of $93.41 billion; its shares were traded at around $128.09 with a P/E ratio of 22.00 and P/S ratio of 1.11. The dividend yield of Boeing Co stocks is 1.90%. Boeing Co had an annual average earnings growth of 8.70% over the past 10 years. GuruFocus rated Boeing Co the business predictability rank of 4-star.
Over the past months, analysts predict Boeing’s earnings per share to dip and expecting earnings per share to be $7.41 per share for the fiscal year. Boeing Co recently became oversold based on a Relative Strength Index indicator. Boeing announced that the company sees a demand of 36,000 new airplanes valuing $5.2 trillion over the next two decades. More than 36% of the demand is from Asia-Pacific customers.
George Soros (Trades, Portfolio) owns 145,855 shares of BA, valued as $18 millions as of Mar. 31, 2014, which accounts for 0.18% of his equity portfolio. George Soros (Trades, Portfolio) reduced his positions in the Dec. 31, 2013 quarter by 20.8%, again in the Mar. 31, 2014 quarter by 20.37%.
No. 3: Microsoft Corp (MSFT, Financial), Weightings: 0.17% - 412,460 Shares
Microsoft is a global corporation that develops, manufactures, and sells computer software, electronics, and services. Microsoft Corporation was founded in 1975. It was incorporated in the State of Washington. Microsoft Corp has a market cap of $347.68 billion; its shares were traded at around $42.09 with a P/E ratio of 15.80 and P/S ratio of 4.25. The dividend yield of Microsoft Corp stocks is 2.54%. Microsoft Corp had an annual average earnings growth of 14.80% over the past 10 years. GuruFocus rated Microsoft Corp the business predictability rank of 3-star.
Microsoft has recently been losing market influence in the mobile sector. Other large technology companies such as Google and Apple have been releasing products that have been taking away Microsoft’s market share. According to Kantar Worldpanel, the market share for Windows phone has dropped from 4.7% to 3.6% in the United States by May 2014 compared to last year. However, Microsoft still leads the market in software sales by a large margin. Analysts speculate that Microsoft may be overvalued based on its slow earnings growth and growing competition from Amazon, Apple, and Google.
George Soros (Trades, Portfolio) owns 412,460 shares of MSFT, valued as $17 million as of Mar. 31, 2014, which accounts for 0.17% of his equity portfolio. George Soros (Trades, Portfolio) reduced his positions in the Dec. 31, 2013 quarter by 79.64%, again in the Mar. 31, 2014 quarter by 83.89%.
No. 4: Harman International Industries Inc (HAR, Financial), Weightings: 0.16% - 150,000 Shares
Harman International Industries, Incorporated is an American audio and infotainment equipment manufacturer and seller. The company specializes in audio products for automobiles, homes, venues, and professional settings. Harman International Industries, Inc. was incorporated in the state of Delaware in 1980. Harman International Industries Inc has a market cap of $7.96 billion; its shares were traded at around $116.90 with a P/E ratio of 41.40 and P/S ratio of 1.60. The dividend yield of Harman International Industries Inc stocks is 1.00%.
Earlier this year, Dinesh Paliwal told Bloomberg that the company was looking to focus more on the software side of the business than the hardware. “We’re not in any hurry to get out of hardware, but we want to make money in it. The money is actually in software. It’s in the software design and architecture and safety, which is what we’re spending our money on right now.” Harman predicted to reduce its manufacturing workforce by 3,000 from 6,000 and hire more engineers for R&D.
George Soros (Trades, Portfolio) owns 150,000 shares of HAR, valued as $16 million as of Mar. 31, 2014, which accounts for 0.16% of his equity portfolio. George Soros (Trades, Portfolio) reduced his positions in the Dec. 31, 2013 quarter by 50%, again in the Mar. 31, 2014 quarter by 14.29%.
