Soros, known for his philanthropy and ideas on economics, also cut his position in other technology names, including Facebook (FB - Get Report) and Amazon.com (AMZN - Get Report). Soros owned 300,000 shares of Facebook as of the end of the third quarter, but owned none at the end of the year. His entire stake in Amazon was sold as well, going from 260,000 shares to none.
Outside of technology, Soros chopped his stake in AIG (AIG), going from 15.2 million shares, down to just 8.8 million shares. He initiated a new position in Ford (F), buying 3.1 million shares of the Dearborn, Mich.-based auto maker.In addition to his equity stakes, Soros, known for breaking the Bank of England in the 1980's by betting against the British pound, is now in the midst of another profitable currency trade. The Wall Street Journal reported that Soros had gained nearly $1 billion by betting against the Japanese yen, as the currency has depreciated nearly 20% in the past four months. --Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts