Soros Fund Adjusts Holdings Of Gold, Delta Air Lines -Filing
14 Febrero 2011 - 7:53PM
Noticias Dow Jones
Billionaire investor George Soros's hedge fund slightly
increased its holdings of common shares in the SPDR Gold Trust
(GLD), a gold-backed exchange-traded fund, and bought more shares
of Delta Air Lines Inc. (DAL) in the fourth quarter, according to a
regulatory filing late Monday.
Soros, who has said that gold is the "ultimate bubble," boosted
his direct ownership stake in the SPDR Gold Trust by 24,800 shares
to 4.7 million shares valued at $655 million.
However, Soros, who previously had call options on 75,000 shares
of the exchange traded fund, disclosed no such options in the
Monday filing with the Securities and Exchange Commission.
Overall, the value of Soros's stock holdings rose to $7.7
billion at the end of the fourth quarter, up from $6.7 billion on
Sept. 30, 2010.
Soros Fund Management more than tripled its stake in Delta Air
Lines to 14.7 million shares, valued at $185.6 million at the end
of the quarter.
Other boosted holdings include InterOil Corp. (IOC), in which
the fund now holds a 4.4 million share-position valued at $319.5
million on Dec. 31.
In a reversal from the third quarter, Soros reduced his stake in
Monsanto Co. (MON) and AT&T Inc. (T). Soros disclosed owning
3.3 million shares of Monsanto and 32,854 shares of AT&T.
Many investors that manage more than $100 million are required
to file 13-Fs with their stock holdings within 45 days of the end
of a given quarter, giving the public its freshest possible glimpse
into the portfolios of well-known money managers.
-By Brett Philbin, Dow Jones Newswires; 212-416-2173;
brett.philbin@dowjones.com