Subscribe to our mailing list

* indicates required

 

 

 

 

BROWSE BY TOPIC

ABOUT FINANCIALISH

We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.

 

Stay Informed with the latest fanancialish news.

 

SUBSCRIBE FOR
NEWSLETTERS & ALERTS

FOLLOW US

Archive

Billionaire Soros Grabs JPMorgan, Goldman Stakes

May 16, 2012
[ by Melanie Gretchen ] Billionaire extraordinaire George Soros has taken up new stakes in JPMorgan and Goldman Sachs.  Although the investor's Soros Fund Management LLC had previously disclosed owning 259,000 shares of Google as of the end of the fourth quarter, its current report included no stake in the Internet giant. The Numbers. As of 3/31/12, Mr. Soros' funds hold 606,000 shares of JPMorgan, valued at $28 million.  He also holds 2.3 million shares in Regions Financial (worth $15 million) and 120,000 shares in Goldman (worth $15 million).  He reduced his stakes in Wells Fargo and other financials. Looking Up: No Bubble Burst. In total, Mr. Soros' increased his equity holdings to $6.8 billion, up from $4.6 billion at the end of the fourth quarter.  That reflects about 200 positions, in sharp contrast to earlier slimmed-down portfolio. Having once dubbed gold "the ultimate asset bubble," Mr. Sorros raised his stake in the SPDR Gold Trust, a gold-backed exchanged-traded fund, to 319,550 shares, up from 48,350 shares as of 12/31/11.  That investment was valued at $51.8 million, as of 3/31. For further details, go to [WSJ, 5/15/12].