Ben Woodhead Deputy editor - digital

Ben Woodhead is deputy editor - digital at the Financial Review Group. He writes on business, technology, politics and the economy and can be found on BRW, The Australian Financial Review and Smart Investor.

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By George: Four of Soros’s biggest new stock picks in banking, IT, resources and cars

Published 01 March 2013 08:08, Updated 01 March 2013 12:01

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By George: Four of Soros’s biggest new stock picks in banking, IT, resources and cars

Wall Street’s razor gangs are cutting vast swaths through banking staff rosters but billionaire investor George Soros still likes the look of Morgan Stanley. Photo: AP

The Wall Street Journal’s MarketWatch has been poring over 13F filings from hedge funds and large investors and come up with a list of billionaire George Soros’s five largest new positions.

To cook up the list, MarketWatch compared Soros’s December quarter 13F filing with the US Securities and Exchange Commission to his September quarter documentation, finding he picked up the following positions:

  • Morgan Stanley – Wall Street’s big banks may be copping whacks with lay-offs a go-go, but soros likes the look of Morgan Stanley, staking out 4.1 million shares in the firm. He wasn’t alone, as fellow moneybags Dan Loeb also bought Morgan Stanley in the final quarter of 2012.
  • Ford – As of December last year Soros held 3.1 million shares in automaker Ford, echoing recent bullishness about US auto stocks in recent months.
  • Oil and gas – Soros stumped up for a couple of oil and gas plays in the closing months of 2012, picking up 950,000 shares in takeover target Plains Exploration & Production and Texas-based Anadarko Petroleum.
  • Citrix Systems – Soros upped the ante with this computer software maker along with equity investor Lee Ainslie’s Maverick Capital, which increased its stake in the company to 3.8 million shares. However, MarketWatch says while revenue at Citrix increased 20 per cent in Q4, “performance would have to improve in order for it to be a worthwhile growth stock”.

For the full story go to WSJ MarketWatch.