Soros' Moves Lower in Telecom, Major Retailers; Becomes Bullish on the U.S. Dollar (T, S, UUP, WMT, SIRI, More...)


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August 18, 2010 3:12 PM EDT Send to a Friend
Hedge fund titan George Soros released the 13F for his Soros Fund Management, LLC fund for the quarter ended June 30, 2010.

The value of the disclosed portfolio is down from $8.75 billion at March 31, 2010 to $5.09 billion at June 30, 2010, but it should be noted that cash, short positions and various other securities are not required to be disclosed in the 13F filing.

During the quarter, George Soros became bullish with the U.S. dollar, invested in Sirius XM convertible notes, increased Massey Energy holdings by about 375%, and though Xerox was a solid Buy. Soros did pull out a lot, selling off such notable names as Verizon, Research in Motion, and AT&T; he had just about enough of retailers Wal-Mart and Best Buy; both Comcast and DIRECTV lost their luster as well.

Below a full summary of his more notable moves [all in common shares]:

Notable New Stakes:
  • AAR Corp. (NYSE: AIR) of 22,800;
  • AC Moore Arts & Crafts Inc. (Nasdaq: ACMR) of 39,600;
  • ADC Telecommunications Inc. (Nasdaq: ADCT) of 971,057;
  • AGL Resources Inc. (NYSE: AGL) of 23,600;
  • Abraxas Petroleum Corp. (Nasdaq: AXAS) of 34,200;
  • Cavium Networks, Inc. (Nasdaq: CAVM) of 104,100;
  • Host Hotels & Resorts Inc. (NYSE: HST) of 200,000;
  • NVR Inc. (NYSE: NVR) of 1,716;
  • Netflix, Inc. (Nasdaq: NFLX) of 35,072;
  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) of 500,000;
  • Salesforce.com (NYSE: CRM) of 47,100;
  • Sandisk (Nasdaq: SNDK) of 11,800;
  • SIRIUS XM Radio Inc. (Nasdaq: SIRI) to 29,119,000 NT CV 3.25%11;
  • Vale S.A. (NYSE: VALE) of 121,000;
  • VMWare (NYSE: VMW) of 25,000;
  • Wendy's/Arby's Group, Inc. (NYSE: WEN) of 153,700
Raised Stakes:
  • AFLAC Inc. (NYSE: AFL) from 6,900 to 8,200;
  • AGCO Corporation (Nasdaq: AGCO) from 9,200 to 14,100;
  • Abbott Laboratories (NYSE: ABT) from 17,600 to 23,100;
  • Acergy SA (Nasdaq: ACGY) from 85,800 to 131,600;
  • Allied Nevada Gold Corp. (NYSE: ANV) from 2,014,215 to 2,254,215;
  • American Axle & Manufacturing Holdings Inc. (NYSE: AXL) from 300,000 to 500,000;
  • Apple Inc. (Nasdaq: AAPL) from 184,712 to 218,262;
  • Baidu (Nasdaq: BIDU) from 8,500 to 63,046;
  • Bank of America (NYSE: BAC) from 217,400 to 339,000;
  • Exxon Mobil Corp. (NYSE: XOM) from 28,700 to 53,633;
  • Gammon Gold, Inc. (NYSE: GRS) from 207,115 to 647,980;
  • International Business Machines Corp. (NYSE: IBM) from 15,100 to 36,050;
  • Longtop Financial Technologies Limited (NYSE: LFT) from 8,300 to 115,800;
  • Lowe's Companies Inc. (NYSE: LOW) from 47,600 to 335,800;
  • Massey Energy Co. (NYSE: MEE) from 460,700 to 2,173,454;
  • Minefinders Corp. Ltd. (NYSE: MFN) from 278,810
  • Monsanto Co. (NYSE: MON) from 3,203,891 to 5,624,991;
  • NCI Building Systems Inc. (NYSE: NCS) from 17,340 to 200,000;
  • Solutia Inc. (NYSE: SOA) from 36,900 to 822,000;
  • Time Warner Cable Inc. (NYSE: TWC) from 17,086 to 61,309;
  • Xerox Corp. (NYSE: XRX) from 250,600 to 1,595,600;
  • Yum! Brands, Inc. (NYSE: YUM) from 5,900 to 66,300
Notable Maintained Stakes:
  • Cardiovascular Systems Inc. (Nasdaq: CSII) at 148,780;
  • Leap Wireless International Inc. (Nasdaq: LEAP) at 175,335;
  • Trex Co. Inc. (Nasdaq: TREX) at 200,000
Notable Lowered Stakes:
  • AMR Corporation (NYSE: AMR) from 2,250,000 to 1,250,000;
  • AOL, Inc. (NYSE: AOL) from 537,600 to 240,400;
  • AT&T, Inc. (NYSE: T) from 4,639,864 to 504,932;
  • ATP Oil & Gas Corp. (Nasdaq: ATPG) from 1,092,500 to zero;
  • Abercrombie & Fitch Co. (NYSE: ANF) from 7,400 to zero;
  • American Oil & Gas Inc. (NYSE: AEZ) from 900,000 to 500,000;
  • Applied Micro Circuits Corp. (Nasdaq: AMCC) from 323,000 to zero;
  • Autonation (NYSE: AN) from 3,218,000 to zero;
  • Autozone (NYSE: AZN) from 224,418 to 1,600;
  • Basic Energy Services, Inc. (NYSE: BAS) from 253,964 to zero;
  • Best Buy Co. Inc. (NYSE: BBY) from 3,369,000 to 936,895;
  • Boston Scientific Corporation (NYSE: BSX) from 670,600 to 92,300;
  • Cbeyond, Inc. (Nasdaq: CBEY) from 434,659 to zero;
  • Clearwire Corporation (Nasdaq: CLWR) from 484,691 to 128,206;
  • The Coca-Cola Company (NYSE: KO) from 16,200 to 8,900;
  • Cobalt International Energy, Inc. (NYSE: CIE) from 5,960,200 to 4,838,291;
  • Comcast Corporation (Nasdaq: CMCSA) from 3,275,876 to 723,590;
  • Corrections Corporation of America (NYSE: CXW) from 146,900 to 46,600;
  • DIRECTV (NYSE: DTV) from 5,248,363 to 1,465,624;
  • Dow Chemical (NYSE: DOW) from 500,000 to zero;
  • E*TRADE Financial Corporation (Nasdaq: ETFC) from 455,100 to 18,500;
  • Ford Motor Co. (NYSE: F) from 1,662,797 to 81,700;
  • Hasbro Inc. (NYSE: HAS) from 492,374 to 39,300;
  • Hess Corporation (NYSE: HES) from 4,836,210 to 29,700;
  • The Home Depot, Inc. (NYSE: HD) from 1,145,800 to 20,400;
  • International Paper Co. (NYSE: IP) from 503,200 to 369,200;
  • JDS Uniphase Corporation (Nasdaq: JDSU) from 21,354,00 to 81,169,000;
  • JPMorgan Chase & Co. (NYSE: JPM) from 2,567,404 to 107,500;
  • Kohl's Corp. (NYSE: KSS) from 1,485,600 to 441,400;
  • Lexmark International Inc. (NYSE: LXK) from 123,200 to zero;
  • Eli Lilly & Co. (NYSE: LLY) from 30,232 to 6,700;
  • MEMC Electronic Materials Inc. (NYSE: WFR) from 750,000 to zero;
  • MAP Pharmaceuticals, Inc. (Nasdaq: MAPP) from 2,826,169 to 1,826,169;
  • Market Vectors Gold Miners ETF (NYSE: GDX) from 150,985 to 20,500;
  • MetroPCS Communications, Inc. (NYSE: PCS) from 449,110 to zero shares;
  • Mueller Water Products, Inc. (NYSE: MWA) from 1,507,300 to zero shares;
  • NetLogic Microsystems Inc. (Nasdaq: NETL) from 63,500 to zero shares;
  • OfficeMax (NYSE: OMX) from 617,309 to zero shares;
  • Oracle (Nasdaq: ORCL) from 116,000 to 78,200;
  • PNC Financial Services Group Inc. (NYSE: PNC) from 907,853 to 7,900;
  • Pactiv Corp. (NYSE: PTV) from 967,200 to 90,800;
  • PAETEC Holding Corp. (Nasdaq: PAET) from 550,175 to zero shares;
  • Panasonic Corp. (NYSE: PC) from 211,865 to zero shares;
  • Petrohawk Energy Corporation (NYSE: HK) from 1,300,000 to 12,300;
  • Petroleo Brasileiro (NYSE: PBR) from 9,101,197 to zero shares;
  • Pfizer (NYSE: PFE) from 5,331,275 to 331,800;
  • QUALCOMM Incorporated (Nasdaq: QCOM) from 737,311 to 248,315;
  • RF Micro Devices Inc. (Nasdaq: RFMD) from 3,539,951 to 220,963;
  • RailAmerica, Inc. (NYSE: RA) from 1,000,000 to 700,000;
  • Red Hat, Inc. (NYSE: RHT) from 200,000 to zero shares;
  • Republic Airways Holdings Inc. (Nasdaq: RJET) from 1,100,000 to zero shares;
  • Research In Motion Ltd. (Nasdaq: RIMM) from 129,126 to 5,400;
  • Shanda Games Limited (Nasdaq: GAME) from 1,449,000 to zero shares;
  • Solar Capital Ltd. (Nasdaq: SLRC) from 1,340,648 to 228,899;
  • Staples, Inc. (Nasdaq: SPLS) from 896,584 to 43,400;
  • Suncor Energy Inc. (NYSE: SU) from 8,729,300 to 375,000;
  • Telecom Argentina S A (NYSE: TEO) from 1,768,595 to zero shares;
  • Thermo Fisher Scientific, Inc. (NYSE: TMO) from 335,450 to 29,100;
  • True Religion Apparel Inc. (Nasdaq: TRLG) from 66,400 to 13,700;
  • U.S. Bancorp (NYSE: USB) from 2,039,911 to 18,200;
  • Vaalco Energy Inc. (NYSE: EGY) from 250,000 to zero shares;
  • Verizon Communications Inc. (NYSE: VZ) from 5,643,876 to 14,100;
  • ViaSat Inc. (Nasdaq: VSAT) from 39,900 to zero shares;
  • WABCO Holdings Inc. (NYSE: WBC) from 383,800 to 150,700;
  • Wal-Mart Stores Inc. (NYSE: WMT) from 1,311,380 to 14,000;
  • Walgreen Co. (NYSE: WAG) from 724,799 to 24,000;
  • Winnebago Industries Inc. (NYSE: WGO) from 498,000 to zero shares;
  • TransAtlantic Petroleum Ltd. (NYSE: TAT) from 2,936,400 to 1,990,800;
  • Weatherford International Ltd. (NYSE: WFT) from 6,302,498 to 5,331,398.
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