George Soros' New Buys: Akamai Technologies, Newmont Mining, Arena Resources Inc., Vulcan Materials, Cabot Corp., Netflix Inc., Kraft Foods

Aug 18, 2010

Billionaire investor George Soros reported his second quarter portfolio. As usual, he initiated many now positions. These are the details of his buys.

Soros’ energy position has been reduced. He is now heavy with basic materials and technology. We will have a separate report on his sells.

George Soros owns 823 stocks with a total value of $3.3 billion. For the details of George Soros's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=George+Soros

This is the sector weightings of his portfolio:

Oil & Gas	14.8%
Basic Materials	13.2%
Technology	12.7%
Health Care	10.3%
Consumer Services	9.7%
Industrials	4%
Financials	3.1%
Consumer Goods	2.6%
Telecommunications	0.8%
Utilities	0.5%

These are the top 5 holdings of George Soros

Spider Gold Shares (GLD) - 5,244,697 shares, 19.3% of the total portfolio. Shares reduced by 6.11%
Monsanto Company (MON) - 5,624,991 shares, 7.86% of the total portfolio. Shares added by 75.57%
InterOil Corp. (IOC) - 3,394,350 shares, 4.56% of the total portfolio. Shares added by 14.54%
Plains Exploration & Production Company (PXP) - 5,091,315 shares, 3.17% of the total portfolio. Shares reduced by 3.15%
Emdeon Inc. (EM) - 7,474,078 shares, 2.83% of the total portfolio. Shares reduced by 3.37%

New Purchase: Powershares DB US Dollar Index Bullish Fund (UUP)

George Soros initiated holdings in Powershares Db Us Dollar Index Bullish Fund. His purchase prices were between $23.57 and $25.83, with an estimated average price of $24.68. The impact to his portfolio due to this purchase was 0.38%. His holdings were 500,000 shares as of 06/30/2010.

New Purchase: Newmont Mining Corp. (NEM)

George Soros initiated holdings in Newmont Mining Corp.. His purchase prices were between $51.53 and $61.67, with an estimated average price of $55.36. The impact to his portfolio due to this purchase was 0.36%. His holdings were 195,248 shares as of 06/30/2010.

New Purchase: Akamai Technologies Inc. (AKAM)

George Soros initiated holdings in Akamai Technologies Inc.. His purchase prices were between $31.41 and $45.72, with an estimated average price of $38.75. The impact to his portfolio due to this purchase was 0.32%. His holdings were 259,364 shares as of 06/30/2010.

New Purchase: Vulcan Materials Company (VMC)

George Soros initiated holdings in Vulcan Materials Company. His purchase prices were between $44.24 and $58.89, with an estimated average price of $50.81. The impact to his portfolio due to this purchase was 0.27%. His holdings were 200,000 shares as of 06/30/2010.

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