“Financier George Soros more than doubled his stake in the iPhone and iPad maker in recent months, according to regulatory documents filed Wednesday,” AP reports. “Soros’ fund held 66,800 shares of Apple Inc. stock at the end of June, up from 26,800 shares in March.”
AP reports, “Apple’s stock finished Wednesday at $498.50, its highest closing price since Jan. 23. At that price, Soros’ holdings are currently worth about $33 million.”
MacDailyNews Take: Petty cash.
AP reports, “Soros is making an even bigger bet on one of Apple’s biggest rivals, Google Inc. He ended June with 396,953 Google shares in his portfolio, up from 337,271 at the end of March, according to Wednesday’s regulatory filing. Google’s stock closed Wednesday at $869.81, valuing Soros’ holdings at about $345 million.”
Read more in the full article here.
[Thanks to MacDailyNews Reader "David E." for the heads up.]