Soros and his fund Soros Fund Management recently announced their first quarter portfolio holdings which highlighted 151 new buys. The fund now holds on to 305 stocks valued at over $10.1 billion. According to GuruFocus, the following five stocks are his five largest holdings as of the close of the first quarter:
Teva Pharmaceutical Industries (TEVA)
Soros’ largest holding is in Teva Pharmaceutical Industries where he maintains 10,310,041 shares of the company’s stock. This position makes up for 5.4% of his total portfolio as well as 1.22% of the company’s shares outstanding.
Over the past quarter Soros upped his holdings 10.67% by purchasing 994,041 shares of the company’s stock...
Herbalife (HLF)
The guru’s second largest holding is in Herbalife where he owns 4,901,337 shares of the company’s stock. This holding represents 2.8% of his total portfolio as well as 4.76% of Herbalife’s shares outstanding.
Over the past quarter Soros upped his position 52.9% by purchasing 1,695,818 shares of the company’s stock. The guru bought these shares in the quarterly price range of $49.54 to $81.81...
EQT Corp (EQT)
The guru’s third largest holding goes to EQT Corp where he holds on to 2,573,814 shares of the company’s stock. This holding makes up for 2.5% of his total holdings as well as 1.71% of the company’s shares outstanding.
Over the past quarter Soros increased his position 3.27% by purchasing 81,616 shares of the company’s stock. He bought these shares in the first quarter price range of $84.35 to $104.30...
Adecoagro SA (AGRO) [Recommended in the EPJ Daily Alert]
Soros’ fourth largest holding is in Adecoagro SA where he holds on to 25,915,076 shares of the company’s stock. This holding makes up for 2.1% of his total portfolio as well as 21.18% of the company’s shares outstanding.
Soros did not alter his position in Adecoagro over the past quarter..
Halliburton (HAL)
The guru’s fifth largest holding is in Halliburton where he maintains 3,596,353 shares of the company’s stock. This position represents 2.1% of his holdings along with 0.39% of the company’s shares outstanding.
Over the past quarter Soros cut his holdings -20.73% by selling 940,472 shares of the company’s stock. He sold these shares in the quarterly price range of $48.20 to $59.46, with an estimated average quarterly price of $53.41
Given that the 10 30 US Sovereign Debt Yield Curve, $TNX:$TYX, steepened at the end of the week of May 30, 2014, and given that Equity Investments are terrifically overbought, and given that US Government Debt, EDV, TLT, is approaching overbought, the short selling opportunity of a lifetime has arrived.
ReplyDeleteJust as one buys into dips in a bull market one sells into pips in a bear market; for those inclined to trade, now is the time to start short selling.
Global Financial Institutions such as Japan’s IX, NMR, Brazil’s BSBR, ITUB, Mexico’s BSMX, India’s IBN, HDB, the UK’s RBS, LYG, Canada’s BNS, TD, CM, BMO, Chile’s BCH, BCA, Spain’s STD, Argentina’s BFR, will be trading strongly lower, leading Nation Investment, EFA, lower, as debt deflation picks up at the hands of the currency traders and the call of the bond vigilantes.
Please consider that peak money and peak wealth has been attained and, as presented by the Apostle Paul in Ephesians 1:10, is the culmination of the activity of Jesus Christ in the economy of God, that is His household stewardship of all things; and He has begun to pivots commodities lower on the debasement of fiat money.
On Friday May 30, 2014, The commodity ETFs, DBC, and GSG, pivoted lower on May’s trade lower in the Major World Currencies, DBV, and Emerging Market Currencies, CEW. These are the birth pains of the new normal of destructionism replacing inflationism.
Said another way, debt deflation, specifically currency deflation, coming at the hands of the currency traders, on fears that the world’s central banks’ monetary policies have crossed the rubicon of sound monetary policy and have made “money good” investments bad, has pivoted Commodities, DBC, GSG, lower in price, with the result that investors sold investments in Steel Producers, SLX, such as OSN, GSI, X, AKS, NUE, GGB, SID, MTL, PKX, Global Industrial Miners, PICK, such as VALE, RIO, BHP, Coal Miners, KOL, Uranium Miners, URA, and Rare Earth Miners, REMX.
Ongoing currency carry trade disinvestment is going to be highly destructive economically. The result of debasement of the world’s currencies will be economic economic destabilization and the much feared economic deflation.
Given currency deflation in the Euro, FXE, the British Pound Sterling, FXB, the Swedish Krona, FXS, and the Swiss Franc, FXF, as well as the India Rupe, ICN, and the Brazil Real, BZF, economic growth is impossible.
Economic growth was a largely a side benefit, that came from investment gains, flowing from the credit stimulus of Global ZIRP. Economic growth was a function of the investor pursuing investment gain in the bygone era of currencies, and the age of credit.
Under the power of the Bow of Economic Sovereignty, that is the Interest Rate on the US Ten Year Note, ^TNX, and its enforcing authority of The Rider on the White Horse, galloping with greater intensity over planet earth, seen in Revelation 6:1-2, the bond vigilantes, not the Fed, has been in control of interest rates beginning in May of 2013, and will continue to be hiking interest rates, and that at a rather quick pace.
This inquiring mind asks, just exactly who are the bond vigilantes? It is the Primary Dealers!!! And of note, it is these who hold tremendous amounts of Interest Rate Swaps, literally given to them by the US Fed, as part of an incentive to sell US Debt under POMO. So not only did the Primary Dealers get an a cut on issuing of bonds, they got deferred payment in terms of bets against bonds!
Financial Post reports Mohamed El-Erian in Bloomberg News reports “Judging from data provided by the Commodity Futures Trading Commission, the movements in both rates and flows are catching many professional traders by surprise. Despite some recent repositioning, the net short position of non-commercial investors in 10-year Treasuries is the biggest in two years, meaning speculators have made bets designed to profit from an increase in yields and related outflows. Dealers are similarly positioned: Their net short in the largest in almost a year”.