BOSTON (TheStreet) -- Legendary investor George Soros, 81 years old, had a wild second quarter as his $5.6 billion hedge fund added 198 new stocks and sold out of 348 in what turned out to be a wholesale reshuffling of his portfolio.A few of the largest new acquisitions for Soros Fund Management are: Golar LNG Partners ( GMLP), which operates a fleet of liquid-natural-gas carriers; computer giant International Business Machines ( IBM); Semiconductor HOLDRs ( SMH), an exchange traded fund that invests in semiconductor makers; VMware ( VMW), a provider of virtualization software for cloud-computing systems; and SandRidge Energy ( SD), an oil and natural-gas company.
Semiconductor HOLDRs ( SMH), is an exchange traded fund that invests in 18 semiconductor makers. The fund bought $20 million of its shares in the quarter. Morningstar analysts call it a "popular way for investors to get exposure to the semiconductor industry, and it does so at a relatively low cost. (It is) a concentrated, subsector-specific exchange traded fund should be treated as a complementary satellite holding to a diversified portfolio."
Soros bought a $15 million stake in SandRidge Energy ( SD), an oil and natural-gas company. SandRidge also owns an oil-field-services business, a gas-marketing business, and various gas-gathering and treating facilities. Its exploration efforts are in the Permian Basin and mid-continent region of the central U.S.