View Full Version : UPDATE 1-Soros details JetBlue, other large holdings

02-15-07, 11:18 AM
WASHINGTON, Feb 14 (Reuters) - Billionaire investor George Soros said on Wednesday he holds a 7.6 percent stake in Marathon Acquisition Corp. (MAQ.A: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=MAQ.A&WTmodLoc=HybArt-C1-ArticlePage1), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=MAQ.A&WTmodLoc=HybArt-C1-ArticlePage1) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=MAQ.A&WTmodLoc=HybArt-C1-ArticlePage1)), a blank check company, and 9.7 percent of JetBlue Airways Corp.'s (JBLU.O: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=JBLU.O&WTmodLoc=HybArt-C1-ArticlePage1), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=JBLU.O&WTmodLoc=HybArt-C1-ArticlePage1) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=JBLU.O&WTmodLoc=HybArt-C1-ArticlePage1)) common stock.

In separate U.S. regulatory filings, Soros said he bought 3.75 million Marathon shares when the company went public in August 2006 and held nearly 17 million JetBlue common shares as of Dec. 31, 2006. Soros also detailed his portfolio holdings in a quarterly filing with the U.S. Securities and Exchange Commission.

During the fourth quarter of 2006, Soros bought 2.1 million shares of CVS Corp. (CVS.N: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=CVS.N&WTmodLoc=HybArt-C1-ArticlePage1), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=CVS.N&WTmodLoc=HybArt-C1-ArticlePage1) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=CVS.N&WTmodLoc=HybArt-C1-ArticlePage1)) and 1 million shares of Rite Aide (RAD.N: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=RAD.N&WTmodLoc=HybArt-C1-ArticlePage1), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=RAD.N&WTmodLoc=HybArt-C1-ArticlePage1) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=RAD.N&WTmodLoc=HybArt-C1-ArticlePage1)), two competing drug store chains. CVS has more than 823 million shares outstanding and Rite Aide has more than 532 million shares outstanding.

Soros also added 1.9 million shares of oilfield services company Halliburton (HAL.N: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=HAL.N&WTmodLoc=HybArt-C1-ArticlePage1), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=HAL.N&WTmodLoc=HybArt-C1-ArticlePage1) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=HAL.N&WTmodLoc=HybArt-C1-ArticlePage1)) and 1 million shares of Take-Two Interactive Software (TTWO.O: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=TTWO.O&WTmodLoc=HybArt-C1-ArticlePage1), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=TTWO.O&WTmodLoc=HybArt-C1-ArticlePage1) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=TTWO.O&WTmodLoc=HybArt-C1-ArticlePage1)), according to the filing. The former chief executive of Take-Two, which has more than 72 million shares outstanding, pleaded guilty on Wednesday to criminal charges related to the backdating of stock options.

Following are other large stock purchases or sales in the fourth quarter that Soros reported to the SEC: * Bought 9.27 million shares or ADRs of Brazil's Companhia Vale do Rio Doce (VALE5.SA: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=VALE5.SA&WTmodLoc=HybArt-C1-ArticlePage1), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=VALE5.SA&WTmodLoc=HybArt-C1-ArticlePage1) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=VALE5.SA&WTmodLoc=HybArt-C1-ArticlePage1)

* Bought 1 million shares of Wet Seal Inc. (WTSLA.O: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=WTSLA.O&WTmodLoc=HybArt-C1-ArticlePage2), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=WTSLA.O&WTmodLoc=HybArt-C1-ArticlePage2) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=WTSLA.O&WTmodLoc=HybArt-C1-ArticlePage2)) class A stock.
* Bought 985,000 shares of Symantec Corp. (SYMC.O: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=SYMC.O&WTmodLoc=HybArt-C1-ArticlePage2), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=SYMC.O&WTmodLoc=HybArt-C1-ArticlePage2) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=SYMC.O&WTmodLoc=HybArt-C1-ArticlePage2)).
* Bought 953,400 shares of Qualcomm Inc. (QCOM.O: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=QCOM.O&WTmodLoc=HybArt-C1-ArticlePage2), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=QCOM.O&WTmodLoc=HybArt-C1-ArticlePage2) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=QCOM.O&WTmodLoc=HybArt-C1-ArticlePage2)). * Bought 951,520 shares of Goodyear Tire & Rubber (GT.N: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=GT.N&WTmodLoc=HybArt-C1-ArticlePage2), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=GT.N&WTmodLoc=HybArt-C1-ArticlePage2) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=GT.N&WTmodLoc=HybArt-C1-ArticlePage2)).
* Bought 814,100 shares of Diamond Offshore Drilling (DO.N: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=DO.N&WTmodLoc=HybArt-C1-ArticlePage2), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=DO.N&WTmodLoc=HybArt-C1-ArticlePage2) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=DO.N&WTmodLoc=HybArt-C1-ArticlePage2)).

* Sold nearly 3.3 million shares of NPS Pharmaceuticals (NPSP.O: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=NPSP.O&WTmodLoc=HybArt-C1-ArticlePage2), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=NPSP.O&WTmodLoc=HybArt-C1-ArticlePage2) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=NPSP.O&WTmodLoc=HybArt-C1-ArticlePage2)). * Sold 1.5 million shares of Auxilium Pharmaceuticals (AUXL.O: Quote (http://stocks.us.reuters.com/stocks/overview.asp?symbol=AUXL.O&WTmodLoc=HybArt-C1-ArticlePage2), Profile (http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=AUXL.O&WTmodLoc=HybArt-C1-ArticlePage2) , Research (http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=AUXL.O&WTmodLoc=HybArt-C1-ArticlePage2)).
http://yahoo.reuters.com/news/articlehybrid.aspx?type=comktNews&storyID=urn:newsml:reuters.com:20070215:MTFH96455_ 2007-02-15_00-34-36_N14420013&pageNumber=1&imageid=&cap=&sz=13&WTModLoc=HybArt-C1-ArticlePage1

Textbood Pump and Dump, good thing professionals aren't making investment decisions any longer and Wall Street has taken that down to the lowest common denominator, the idiot, the cow, the bagholder, the fool, Joe and Jane six pack. I'm only in on one of these that I bought last quarter so let's see how high good ole Georgie Soro's can take Qualcomm before it's time to dump it. I wish I could tell Reuters what articles I'd like them to publish and which stocks I'd like them to pump for me, I'd be very, very rich if they did.

02-15-07, 11:29 AM
I wish I could tell Reuters what articles I'd like them to publish and which stocks I'd like them to pump for me, I'd be very, very rich if they did.
soros didn't start out with anything other than brains. do as well as he did, and the reuters will quote you too.

02-15-07, 11:54 AM
soros didn't start out with anything other than brains. do as well as he did, and the reuters will quote you too.
LOL, a basic understanding of titles is required here in dealing with George, Sir, Lord, Esquire, these are all titles to conduct the Queen's business. Soro's was knighted by the Queen and then goes on to steal $1.1 billion from the Bank of England, now that's a pretty good deal by anyone's standards. Being a bagman or a bondsman for the Rothchilds and the Queen is a pretty good deal, that is what George is, this has nothing to do with being smart and everything to do with titles.

George started out conducting the Queen's business and to this day he conducts the Queen's business whether that business calls for currency manipulation and his role in crashing the pound or crashing the asian tigers or stock manipulation it really doesn't matter. All I know is I got in early on a stock he's manipulating, that's a pretty good place to be.

02-15-07, 12:27 PM

Soros was thirteen years old when Nazi Germany took military control over its wavering ally Hungary (http://en.wikipedia.org/wiki/Hungary) (March 21 (http://en.wikipedia.org/wiki/March_21), 1944 (http://en.wikipedia.org/wiki/1944)), and started exterminating Hungarian Jews [5] (http://en.wikipedia.org/wiki/Soros#_note-4) in the Holocaust (http://en.wikipedia.org/wiki/The_Holocaust#Hungary). Soros worked briefly for the Jewish Council, which had been established by the Nazis, to deliver messages to Jewish lawyers being called for deportation. Soros was not aware of the consequence of the messages.[6] (http://en.wikipedia.org/wiki/Soros#_note-5) To avoid his son being apprehended by the Nazis, his father had Soros spend the summer of 1944 living with a non-Jewish Ministry of Agriculture employee, posing as his godson. Years later, this led to false charges of collaboration with the Nazis.[7] (http://en.wikipedia.org/wiki/Soros#_note-6)
In the following year, Soros survived the battle of Budapest (http://en.wikipedia.org/wiki/Battle_of_Budapest), as Soviet (http://en.wikipedia.org/wiki/Soviet_Union) and Nazi forces fought house-to-house through the city. Soros first traded currencies (http://en.wikipedia.org/wiki/Currency) during the Hungarian hyperinflation (http://en.wikipedia.org/wiki/Hyperinflation) of 1945-1946.
In 1946 (http://en.wikipedia.org/wiki/1946), Soros escaped the Soviet occupation by participating in an Esperanto youth congress in the West. Soros was taught to speak the language from birth and thus is one of the rare native Esperanto speakers (http://en.wikipedia.org/wiki/Native_Esperanto_speakers).
Soros emigrated to England (http://en.wikipedia.org/wiki/England) in 1947 (http://en.wikipedia.org/wiki/1947) and graduated from the London School of Economics (http://en.wikipedia.org/wiki/London_School_of_Economics) in 1952 (http://en.wikipedia.org/wiki/1952). As a student of the philosopher Karl Popper (http://en.wikipedia.org/wiki/Karl_Popper), Soros funded himself by taking jobs as a railway porter and a waiter at Quaglino's restaurant where he was told that with hard work he might one day become head waiter. He also worked in a mannequin factory, but was fired for being too slow at putting on the heads. He eventually secured an entry-level position with an investment bank in London.

[edit (http://en.wikipedia.org/w/index.php?title=George_Soros&action=edit&section=4)] Move to the United States

In 1956 (http://en.wikipedia.org/wiki/1956) he moved to the United States (http://en.wikipedia.org/wiki/United_States), where he worked as an arbitrage trader (http://en.wikipedia.org/wiki/Arbitrage) with F. M. Mayer from 1956 (http://en.wikipedia.org/wiki/1956) to 1959 (http://en.wikipedia.org/wiki/1959) and as an analyst with Wertheim and Company from 1959 (http://en.wikipedia.org/wiki/1959) to 1963 (http://en.wikipedia.org/wiki/1963). Throughout this time, but mostly in the 1950s (http://en.wikipedia.org/wiki/1950s), Soros developed a philosophy of "reflexivity" based on the ideas of Popper. Reflexivity, as used by Soros, is the belief that self-awareness is part of the environment: actions tend to cause disruptions in economic equilibriums, which may run counter to the progression of free-market systems. Soros realized, however, that he would not make any money from the concept of reflexivity until he went into investing on his own. He began to investigate how to deal in investments. From 1963 (http://en.wikipedia.org/wiki/1963) to 1973 (http://en.wikipedia.org/wiki/1973) he worked at Arnhold and S. Bleichroeder, where he attained the position of vice-president. Soros finally concluded that he was a better investor than he was a philosopher or an executive. In 1967 (http://en.wikipedia.org/wiki/1967) he persuaded the company to set up an offshore investment fund (http://en.wikipedia.org/wiki/Investment_fund), First Eagle, for him to run; in 1969 (http://en.wikipedia.org/wiki/1969) the company founded a second fund for Soros, the Double Eagle hedge fund (http://en.wikipedia.org/wiki/Hedge_fund). When investment regulations restricted his ability to run the funds as he wished, he quit his position in 1973 (http://en.wikipedia.org/wiki/1973) and established a private investment company that eventually evolved into the Quantum Fund (http://en.wikipedia.org/wiki/Quantum_Fund). He has stated that his intent was to earn enough money on Wall Street (http://en.wikipedia.org/wiki/Wall_Street) to support himself as an author (http://en.wikipedia.org/wiki/Author) and philosopher (http://en.wikipedia.org/wiki/Philosopher) - he calculated that $500,000 after five years would be possible and adequate. After all those years, his net worth (http://en.wikipedia.org/wiki/Net_worth) reached an estimated $11 billion.

he started with nothing and became a billionaire.

02-15-07, 01:32 PM

Wikipedia what a great source for something, not sure what but they've got a lot of stuff.

Here's an interesting Wiki link.
Harken Energy Scandal
George W. Bush (http://en.wikipedia.org/wiki/George_W._Bush) was a member of the Board of Directors at Harken Energy (http://en.wikipedia.org/wiki/Harken_Energy) during the late eighties. This company was then owned by Khalid bin Mahfouz (http://en.wikipedia.org/wiki/Khalid_bin_Mahfouz). At the time of the later Harken scandal (Refer Harvard connection below), Bush was a consultant to Harken Energy. George Soros (http://en.wikipedia.org/wiki/George_Soros) was a major investor in Harken when it bought Bush's ailing oil venture,

Certainly children who start with nothing and go on to bail out furture presidents happen all the time. Stealing a billion from the Bank of England, crashing Malaysia, the Tai economy, raping Russia and China, these are things unconnected people are able to do. Soros is the best counter indicator out there, when he says buy, get ready to sell, whatever his background really is.

02-18-07, 04:12 AM
Goldman Sachs says:

Feb. 7, 2007

Oil & Gas Equipment & Services:
Halliburton (HAL, Buy)
Weatherford (WFT, Buy)

Internet Software & Services:
eBay Inc. (EBAY, Buy)
Communications Equipment: QUALCOMM Inc. (QCOM, Buy).
Household Products: Colgate Palmolive (CL, Buy)
Procter & Gamble (PG, Buy)

Industrial Conglomerates:
General Electric (GE, Buy)
Tyco (TYC, Buy)

Systems Software:
Microsoft Corp (MSFT, Buy)

Multi-Line Insurance:
American International Group (AIG, Buy)

Integrated Oil:
Occidental (OXY, Buy)

02-18-07, 11:37 AM
Goldman Sachs says:

Halliburton (HAL, Buy)





Thanks, nice to see Goldman helping Mr. Soros out on a few of his picks. I'm pretty shocked most of those stocks weren't already listed as buys, not that Goldman is ever going to tell somebody to sell. :)

February is a long time removed from end of July lows, seems pretty late in the ramp to still have something left to pump, makes me wonder how high we still go and how long the duration. Last summer I was thinking we'd make it to this 2500 level, now I'm going to have to take another look at the charts. Last summer I also thought the bears would come out for an early spring, now I'm going to have to take another look at that as well. Sooner or later the Bears are going to come out, now the question becomes what are they going to feed on, over-priced tech? or over-priced commodities? Spring is going to get very interesting, until then I'm going to enjoy this ramp job.