Tags: Soros | Dow Chemical | YPF | Apple

Soros Adds to Dow Chemical, Sells YPF, Exits Apple Shares During Quarter

Wednesday, 18 Feb 2015 06:42 AM

Soros Fund Management, the family office of billionaire hedge fund manager George Soros, added shares of Dow Chemical Co. last quarter, sold stock in YPF SA and exited Apple Inc.

Soros added 2.27 million shares of Dow and the value of its stake increased by $83.4 million to $236.4 billion as of Dec. 31, the biggest gain among previously disclosed holdings, according to a quarterly filing with the Securities and Exchange Commission.

The firm cut its holdings of YPF by 1.67 million shares, leaving 11.65 million shares valued at $308.4 million, a decline of 37.4 percent. The firm liquidated its $139.8 million investment in Tibco and $115 million stake in Apple.

Soros cut its stake in U.S. stocks and options to $9.2 billion from $13.4 billion in the previous quarter. The firm increased exposure to companies in Asia and Europe, according to a person familiar with the firm who asked not to be named because it’s a private entity.

The family office returned about 8 percent last year and 1.5 percent so far this year, the person said.

The firm owned shares in 159 companies at the end of the quarter and 42 of them were newly reported, led by a $224.9 million stake in LyondellBasell Industries NV and a $126.1 million holding in Endo International Plc.

Money managers who oversee more than $100 million in equities in the U.S. must file a Form 13F within 45 days of each quarter’s end to list those stocks as well as options and convertible bonds. The filings don’t show non-U.S. securities, holdings that aren’t publicly traded, or cash.


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Soros Fund Management, the family office of billionaire hedge fund manager George Soros, added shares of Dow Chemical Co. last quarter, sold stock in YPF SA and exited Apple Inc.
Soros, Dow Chemical, YPF, Apple
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2015-42-18
Wednesday, 18 Feb 2015 06:42 AM
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