“He’s a hedge fund kahuna who needs no introduction, so let’s take a look at George Soros and the rest of his investment team’s key moves from the fourth quarter,” Meena Krishnamsetty and Jake Mann report for MarketWatch. “After sitting in the No. 50 spot in Soros’s 13F portfolio at the end of the third quarter, Citigroup is now the hedgie’s top common stock holding. Soros also upped his stake in J.P. Morgan Chase by more than 150% over this three-month period, while taking a new position in Morgan Stanley.”
“Here’s where it gets really interesting. As the latest round of 13F filings have fluttered in, hedge funds have been all over the map with regard to Apple,” Krishnamsetty and Mann report. “The tech giant was the smart money’s top consensus pick at the end of the third quarter, and despite its continued selloff, Soros and his team felt comfortable upping their stake by a little over 115% last quarter.”
Krishnamsetty and Mann write, “Even if a dividend boost or a lengthened share buyback are off the table, Apple still offers better growth prospects than Google , Microsoft and most other large-cap tech companies out there. The sell-side expects Cupertino to average earnings growth of 18%-19% a year over the next half-decade, and a PEG near 0.5 indicates Mr. Market isn’t anywhere close to accurately judging this potential.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Mike in Helsinki” for the heads up.]
The Antichrist.
Not particularly insightful.
Evil Soros blah blah blah…
Re First 2012, er 14, er 16, er 18
Do you hate capitalists, entrepreneurs, philanthropists?
Only the ones that ignore self-righteous bible-thumpers.
I thought Republicans believed Obama to be the Antichrist. Make up your mind.
For comparison, Dell just announced earnings that beat Wall Street expectations and the stock was down for the day but up slightly after hours.
I love Bloomberg’s opening sentence where they say that Dell topping analysts’ expectations is a sign of buoyant demand for servers and software. Or it could just be that the analysts were wrong!
What’s truly saddening is that even lowly Dell has outperformed Apple in share price gains by a huge amount over the last three months.