Soros Posts Losses with JKS, TRQ and YUME, Sighs TGIF

Today’s midday gainers are International Tower Hill Mines Ltd (NYSEMKT:THM), Unwired Planet Inc (NASDAQ:UPIP), SolarCity Corp (NASDAQ:SCTY) and midday losers are JinkoSolar Holding Co., Ltd. (NYSE:JKS), Turquoise Hill Resources Ltd. (NYSE:TRQ), YuMe Inc. (NYSE:YUME).
Soros gets a dlight boost with Unwired Planet

International Tower Hill Mines Ltd (NYSEMKT:THM) is our top midday gainer. The gold mining company increased +7.53% to $0.40. This was a great news for John Paulson, who owns 8.9 million shares (0.02% of his portfolio). The billionaire paid an average price of $4.77 per asset.

Following Tower Hill Mines Ltd. is Unwired Planet Inc (NASDAQ:UPIP). The tech stock is up +7.14%, trading at $1.50. Investor George Soros holds 6.4 million shares purchased for $2.57, representing 0.12% of his fund.

Unpredictable risks caused 2008 economic crisis, says Soros at Budapest CEU

Risks can be quantified but all of their elements cannot be calculated in advance and this led to the 2007/2008 financial crisis, US financier and philanthropist George Soros said on Wednesday at the university he founded in Budapest.
The Hungarian-born businessman launched the Hungarian edition of his latest book The Soros Lectures at the Central European University, where he is honorary chairman of the board.

George Soros recently purchased Shares of DryShips

Shipping Stocks Up: DryShips Inc. (NASDAQ:DRYS), FreeSeas Inc(NASDAQ:FREE), NewLead Holdings Ltd(NASDAQ:NEWL)

George Soros’ investment firm recently purchased 590,278 shares of DryShips Inc.(NASDAQ:DRYS) and 77,942 shares of Diana Shipping Inc.(NYSE:DSX) . That comes out to a $1.8 million stake in DryShips and an $841,000 stake in Diana Shipping. Soros’ firm currently manages right around $6.8 billion spread across 2,333 holdings, so these additions are a very small portion of the total portfolio. The firm also owns small positions in Navios Maritime Holdings and Navios Partners.

George Soros Invested in Dry Ships and Diana Shipping, but Should You?

by Blake Bos, The Motley Fool Nov 26th 2013 8:34PM
Updated Nov 26th 2013 8:36PM

George Soros' investment firm recently purchased 590,278 shares of DryShips and 77,942 shares of Diana Shipping . That comes out to a $1.8 million stake in DryShips and an $841,000 stake in Diana Shipping. Soros' firm currently manages right around $6.8 billion spread across 2,333 holdings, so these additions are a very small portion of the total portfolio. The firm also owns small positions in Navios Maritime Holdings and Navios Partners.

Whether it's Soros himself or his fund managers, it appears his company is making a small bet on the dry bulk shipping sector, with DryShips and Diana Shipping leading the pack. So just what would motivate Soros to invest in this sector?

Some history on Soros' motivations for speculating
Looking at Soros' biography in Money Masters of Our Time by John Train, Soros is known as a speculator by nature, with an ability to trade in and out of positions quickly using margin debt. His strategy revolves around three main points, according to Train:

Ex-Soros Adviser’s Dalton China Fund Beat Peers With 25% Return

Nov. 25 (Bloomberg) -- The Dalton Greater China Fund, run by James Rosenwald III, a former adviser to funds linked to billionaire George Soros, beat peers with a 25 percent return this year, an investor newsletter seen by Bloomberg News showed.

The $64 million fund outperformed the Eurekahedge Greater China Long-Short Equities Hedge Fund Index by almost 10 percentage points in the first 10 months. Bets on Taiwanese technology companies including Himax Technologies Inc. and Hong Kong-based property developers drove performance, Tony Hsu, Rosenwald’s Shanghai-based co-manager, said in an e-mailed response to Bloomberg News queries.

George Soros gives $1 million to support Obama

(CBS News) Billionaire George Soros has donated $1 million to Priorities USA Action, a "super PAC" backing President Obama, a spokesperson for the group has confirmed to CBS News.

This is Soros' first donation to Priorities USA Action, though he announced$2 million in donations to two Democratic groups in May. He will also give another $500,000 to super PACs backing Democrats in Congress. Super PACs can raise and spend unlimited funds to influence elections, though they cannot legally coordinate with campaigns.

Soros Boosts Stake in Teva Pharmaceutical to Most Since 2010

Nov. 22 (Bloomberg) -- Soros Fund Management LLC, the family office of billionaire George Soros, increased its holdings in Teva Pharmaceutical Industries Ltd. to the most since 2010.

The firm, based in New York, raised its stake in Teva, the worst-performing pharmaceutical company in the U.S. in the past year, to 1.8 percent of its $7.75 billion U.S. stock portfolio in the third quarter, according to a filing with the U.S. Securities and Exchange Commission on Nov. 14. This would make it the largest allocation since the fourth quarter of 2010, according to data compiled by Bloomberg.

Soros Increases Holdings in Teva to Most Since 2010

George Soros

Soros Fund Management LLC, the family office of billionaire George Soros, increased its holdings in Teva Pharmaceutical Industries Ltd. (TEVA) to the most since 2010.

The firm, based in New York, raised its stake in Teva, the worst-performing pharmaceutical company in the U.S. in the past year, to 1.8 percent of its $7.75 billion U.S. stock portfolio in the third quarter, according to a filing with the U.S. Securities and Exchange Commission on Nov. 14. This would make it the largest allocation since the fourth quarter of 2010, according to data compiled by Bloomberg.
Teva fell to a two-year low on Nov. 4 after a rift over the company’s future with Chairman Phillip Frost led to the Oct. 30 resignation of Jeremy Levin, who was brought on board as chief executive officer less than 18 months before. Concern its best-selling product, the multiple-sclerosis injection Copaxone, will lose traction as it faces stronger competition is also weighing on the shares.

Soros-Backed OneWest Said to Plan $1 Billion Dividend Before IPO

OneWest Bank FSB, the lender formerly known as IndyMac Bancorp Inc., plans to pay a $1 billion dividend to backers including George Soros and John Paulson ahead of an initial public offering next year, two people with knowledge of the matter said.

The payout, which regulators still have to approve, would return most of the money a group invested in OneWest as it acquired IndyMac from the Federal Deposit Insurance Corp. in 2009, said the people, who asked not to be identified because the plans are private. The dividend could also improve the Pasadena, California-based return on equity by trimming excess capital, the people said.

Soros Fund Management's new trades in Q3 13

George Soros

Soros Fund Management is a large private fund run by the legendary team of famed investor George Soros. In Q3 2013, it started new positions in Microsoft Corp. (MSFT), Fedex Corp. (FDX), Teva Pharmaceuticals (TEVA), and Halliburton (HAL), and sold Delta Airlines (DAL) and United Continental Holdings (UAL).

Abbreviated financial summaries and metrics for these securities are included below. Detailed analysis and recommendations require a subscription (more information at the bottom of the article).

Why purchase Fedex Corp. (FDX)?

FedEx’s stock has rallied due to positive earnings growth and plans to buy back 32 million shares, indicating that the management is confident about its strategy and wants to deliver value to shareholders. The company has a robust financial position with a low debt-to-equity ratio. In its latest earnings announcement the company reaffirmed forecast for fiscal 2014 earnings per share (EPS) growth of 7% to 13% over Fiscal 2013 adjusted result. The company’s stock price also saw a spike recently when a number of hedge funds disclosed positions in the transportation company.

George Soros - Third Quarter Selling Streak

The recent update of the Soros Fund Management portfolio, led by legendary Guru George Soros , lists 232 stocks, 91 of them new, with a total value of $9.14 billion, and a quarter-over-quarter turnover of 24%.

George Soros is averaging a 12-month return of 23.96%.

Guru Soros made more than 80 decreases in his third quarter activity. Here's a review of three sells made by George Soros , starting with Citigroup Inc., reporting revenue of $17.9 billion for the third quarter of 2013, up from $13.7 billion in the same quarter a year ago. The global bank's quarterly net income was $3.2 billion, compared to $468 million in the same quarter of 2012. Third quarter 2013 earnings were reported as $1.00 per diluted share, up from $0.15 in the same quarter one year ago.

George Soros' Top 10 New Stock Buys

After nearly four decades and achieving unprecedented returns for a 26-year stretch through his Quantum Fund, George Soros has moved on to devote the majority of his time to philanthropic efforts. Though he closed his then-$25.5 billion Soros Fund Management LLC to outside investors in 2011 to avoid registering with the SEC, he still has a hand in its management of his and his family's wealth.

In the third quarter, Soros' fund purchased 91 new stocks and at quarter end held a total of 232 stocks which have an aggregate fair value of $9.14 billion. The amount of turnover from the previous quarter was 24%.

The recent performance of Soros' stock selections:



The 10 Largest New Buys

Microsoft ( MSFT )

Soros Takes a Stake in Microsoft

By Geoffrey Rogow

Soros Fund Management LLC purchased a significant new stake in Microsoft Corp.MSFT -0.35% in the quarter that ended Sept. 30, as the technology giant continues to search for a new chief executive amid a series of broad company changes.


The hedge fund, founded by billionaire investor George Soros, held firm its stake in nutrition company Herbalife Ltd.HLF +1.86%, but lowered its stakes in J.C. Penney Co.JCP +0.23% and Google Inc.GOOG +0.27% The fund raised its stake in Chevron Corp.CVX +0.39% and purchased a new stake of 1.6 million shares in FedEx Corp.FDX +0.85%

Soros-Backed Waypoint Wins $550 Million Helicopter Debt

Waypoint Leasing, a specialist in helicopter deals whose backers include Soros Fund Management LLC, reached an agreement for borrowing capacity of as much as $550 million to secure $1 billion in assets by the end of 2014.

Waypoint has transactions lined up to bring its fleet under management to 21 helicopters exceeding $300 million in value by the end of this year, Chief Executive Officer Ed Washecka said. The models, acquired largely through sale-leaseback agreements, include aircraft from Eurocopter SAS, Finmeccanica SpA (FNC)’s AgustaWestland unit and United Technologies Corp. (UTX)’s Sikorsky.

Waypoint raised $375 million in equity this year from MSD Capital, Cartesian Capital Group and Soros to help build up its Limerick, Ireland-based helicopter leasing arm and tap demand for models used in the oil and gas industry. The debt facility includes a five-year, $335 million revolving credit line that can be expanded to $550 million, the company said in a statement.

Soros Loses on Rackspace and THM

Today’s midday gainers are InterOil Corporation (NYSE:IOC), Western Refining, Inc. (NYSE:WNR), DISH Network Corp (NASDAQ:DISH) and midday losers are Sarepta Therapeutics Inc (NASDAQ:SRPT), Rackspace Hosting, Inc. (NYSE:RAX), International Tower Hill Mines Ltd (NYSEMKT:THM).

The stock with a major gain today is InterOil Corporation (NYSE:IOC). The energy company surged +21.44% ($81.42) after reporting solid Q3 earnings. Billionaire John Paulson holds 1.7 million IOC shares, representing 0.85% of his fund. The shareholder paid an average price of $66.64 per asset.

Soros Gets a Boost with ViroPharma Buy, Takes a Hit with Denbury

Today’s daily gainers are ViroPharma Inc (NASDAQ:VPHM), 3D Systems Corporation (NYSE:DDD), International Tower Hill Mines Ltd. (NYSEMKT:THM) and daily losers are Alliance One International, Inc. (NYSE:AOI), Denbury Resources Inc. (NYSE:DNR), Icahn Enterprises LP (NASDAQ:IEP).
Soros wins with ViroPharma

Today’s top gainer is biotechnology company ViroPharma Inc (NASDAQ:VPHM). The stock surprisingly shot up +25.50% to $49.42. According to Bloomberg, this is the result of health company Shire Plc (NYSE:SHP) reaching an agreement to buy ViroPharma for $4.2 billion. Billionaire George Soros acquired 50,000 shares (0.02% of his fund) for $26.29 each last quarter.

Soros and Icahn Close Out the Week On Top

Today’s top gainer is Magnum Hunter Resources Corporation (NYSE:MHR). The energy company shot up +11.17% ($7.12) after presenting a better-than-expected Q3 earnings report. Billionaire George Soros acquired 250,000 shares for $3.27 last quarter. This position represents 0.01% of Soros’ portfolio.



The second company in our daily gainers list is The Gap, Inc. (NYSE:GPS). The clothing firm rose +8.68 to $41.03 on the heels of a report of solid Q3 earnings. Edward Lampert holds 10.3 million shares, which represent 14.47% of his fund, purchased at $19.49. Ray Dalio owns 82,000 shares (0.03% of his fund). The shareholder paid $33.56 per asset.

Billionaire George Soros gives $1 million for humanitarian efforts in war-ravaged Syria

Billionaire financier George Soros is pledging $1 million for humanitarian efforts in war-ravaged Syria.
Soros announced the pledge to the International Rescue Committee on Wednesday night after receiving its Freedom Award in recognition of his lifelong support for human rights and an open society.
Soros said people are starving and will soon be freezing in Syria as winter arrives and malnutrition among children is increasing.

Soros gives $1 Million to Syria Humanitarian Aid

UNITED NATIONS (AP) Billionaire financier George Soros is pledging $1 million for humanitarian efforts in war-ravaged Syria.
Soros announced the pledge to the International Rescue Committee on Wednesday night after receiving its Freedom Award in recognition of his lifelong support for human rights and an open society.
Soros said people are starving and will soon be freezing in Syria as winter arrives and malnutrition among children is increasing.

Soros Gets a Little Lift from Startup Pick OpenTable

Today’s daily gainers are OpenTable Inc (NASDAQ:OPEN), Alliance One International, Inc. (NYSE:AOI), ING US Inc (NYSE:VOYA) and daily losers are BioFuel Energy Corp. (NASDAQ:BIOF), YY Inc (NASDAQ:YY), SandRidge Energy Inc. (NYSE:SD).
Soros wins with OpenTable

Today’s top gainer is OpenTable Inc (NASDAQ:OPEN), a company that provides restaurant reservation solutions around the world. The stock shot up +13.79%, reaching $80.90, after announcing better-than-expected Q3 earnings. Billionaire George Soros acquired 36,000 shares (0.02% of his fund) for $62.49 each last quarter.

Soros Fund Boosts Mercury Systems Stake

George Soros' family office Soros Fund Management has filed a 13G with the SEC regarding their stake in Mercury Systems (MRCY). Per the filing, Soros has revealed a 5.02% ownership stake in MRCY with 1,666,666 shares. This means their equity stake has increased to the tune of 400,000... http://feedproxy.google.com/~r/MarketFolly/~3/zT-FafU39Lg/soros-fund-boosts-mercury-systems-stake.html (10)

George Soros wins with Extreme Networks (NASDAQ:EXTR)

Today’s daily gainers are Extreme Networks, Inc (NASDAQ:EXTR), Alpha Natural Resources, Inc. (NYSE:ANR), Realogy Holdings Corp (NYSE:RLGY) and daily losers are Ryanair Holdings plc (NASDAQ:RYAAY), International Tower Hill Mines Ltd. (NYSEMKT:THM), LightInTheBox Holding Co Ltd (NYSE:LITB).
George Soros wins with Extreme Networks

Kicking off the week on top of our daily gainers list is Extreme Networks, Inc (NASDAQ:EXTR). The energy company shot up +15.81% ($6.22) after apparently having knocked it out of the park with its earnings report. Billionaire George Soros holds more than 9.2 million shares, representing 0.35% of his fund. The investor paid an average price of $2.48 per share.

Following Extreme Networks is Alpha Natural Resources, Inc. (NYSE:ANR). The energy stock increased +9.79%, reaching $8.16, after the company informed a new plan to cut $200 million in expenses. This was well received-news for John Paulson, who owns four million shares (0.15% of his fund). The billionaire paid an average price of $8.16 per share.
http://www.valuewalk.com/2013/11/soros-gets-boost-energy-extreme-networks-surge/

Soros Review: Four Highest-Yield Stocks

 The third quarter update of the Soros Fund Management portfolio, led by legendary Guru George Soros , lists 203 stocks, 59 of them new, with a total value of $9.22 billion, and a quarter-by-quarter turnover of 19%. George Soros is averaging a 12-month return of 26.3%.

Here's a review of the four highest-yield stocks in the Soros portfolio:

Penn Virginia Corporation ( PVA )

Yield: 16.40%

Up 99% over 12 months, Penn Virginia Corporation, an independent oil and gas E&P company, has a market cap of $600.69 million; its shares were traded at around $9.20. Shares trade with a P/B of 0.67.

Guru Action: As of the second quarter of 2013, George Soros holds 1,878,242 shares valued at around $8.82 million.

Read more: http://www.nasdaq.com/article/soros-review-four-highestyield-stocks-cm295729#ixzz2jg752iRr

Robin Hood Tax : Soros-tied tax advances on Wall Street

George Soros-funded economist Jeffrey Sachs this week briefed members of Congress on the so-called Robin Hood tax, which calls for a small fee on Wall Street trades.

The Robin Hood tax was proposed by U.S. politicians closely tied to the country’s largest socialist organization, WND has learned.

The Congressional Budget Office has warned the Robin Hood tax on certain financial transactions could “diminish the importance of the United States as a major financial market” and that “imposing the transaction tax would probably reduce output and employment.”

The imposition of the Robin Hood tax has been a key demand of the Occupy movement. It is heavily supported by billionaire George Soros.

Sachs’ address to Congress on Wednesday came the same day 200 advocates of the Robin Hood tax marched up Constitution Avenue in Washington D.C., reported the Communist Party USA’s online newspaper.

Sachs has been a long-time proponent of the Robin Hood tax. He is a Columbia University economist who crafted a controversial economic “shock therapy.” Sachs is a key member of the Institute for New Economic Thinking, or INET.

Aaron Klein’s “Impeachable Offenses: The Case to Remove Barack Obama from Office” is available, autographed, at WND’s Superstore

Soros is INET’s founding sponsor, with the billionaire having provided a reported $25 million over five years to support INET activities.

In April 2011, Sachs keynoted INET’s annual meeting, which took place in the mountains of Bretton Woods, N.H.

The gathering took place at the Mount Washington Hotel, famous for hosting the original Bretton Woods economic agreements drafted in 1944. That conference’s goal was to rebuild a post-World War II international monetary system. The April gathering had a similarly stated goal – a global economic restructuring.

Earlier this month, Sachs faced a slew of bad publicity after the release of a new book about him titled “The Idealist: Jeffrey Sachs and the Quest to End Poverty.” In the work, author Nina Munk describes Sachs failed quest to bring financial aid to Africa via the Soros-funded Millennium Villages Project.

Forbes reported on the “more than disappointing” results of Sachs’ project as outlined in Munk’s book: “Villagers use their new mosquito nets (distributed to prevent malaria) on goats. Water-carrying donkeys drop dead. Hospital generators break down. Much-anticipated markets for banana flour and pineapple never materialize.”

Meanwhile, in April, Rep. Keith Ellison, D-Minn., reintroduced the Inclusive Prosperity Act, also dubbed the Robin Hood tax.

The act was introduced last year as the “Wall Street Trading and Speculators Tax Act” by Rep. Peter DeFazio, D-Ore.

A Senate version was also previously attempted by Sen. Bernie Sanders, I-Vt.

DeFazio was previously listed on scrubbed sections of the Democrat Socialists of America website, or DSA, as being a member. He is a founder of the Congressional Progressive Caucus, which was also founded by Sanders and originally openly partnered with the DSA.

Read more at http://mobile.wnd.com/2013/10/soros-tied-tax-advances-on-wall-street/#DB8lG4VaQLoeDWtv.99

George Soros & The Robin Hood Tax

George Soros-funded economist Jeffrey Sachs this week briefed members of Congress on the so-called Robin Hood tax, which calls for a small fee on Wall Street trades.

The Robin Hood tax was proposed by U.S. politicians closely tied to the country’s largest socialist organization, WND has learned.

The Congressional Budget Office has warned the Robin Hood tax on certain financial transactions could “diminish the importance of the United States as a major financial market” and that “imposing the transaction tax would probably reduce output and employment.”

The imposition of the Robin Hood tax has been a key demand of the Occupy movement. It is heavily supported by billionaire George Soros.

Read more at http://www.wnd.com/2013/10/soros-tied-tax-advances-on-wall-street/#HzbP0HrAPjrkpjyD.99