Filings show investment moguls' second-quarter moves

Written By limadu on Kamis, 15 Agustus 2013 | 08.36

george soros

George Soros picked up a big stake in J.C. Penney during the second quarter.

NEW YORK (CNNMoney)

The filings cover holdings as of June 30, the end of the second quarter, meaning they don't reflect more recent transactions.

Hedge-fund manager John Paulson, who made a fortune betting against subprime mortgages, sharply reduced his holdings in a gold ETF in the second quarter. His holdings in the fund, which totaled $3.4 billion at the end of the first quarter, were down to $1.2 billion at the end of Q2.

Related: Ackman resigns as J.C. Penney drama gets nasty

George Soros's fund, now run as a family office, trimmed his stakes in Citigroup (C, Fortune 500) and Netflix (NFLX). His large stake in J.C. Penney (JCP, Fortune 500), reported when he acquired it back in April, totaled nearly 20 million shares worth over $340 million at the end of the second quarter. He also has a call on 500,000 more shares.

The struggling retailer is currently in a transition period after ousting CEO Ron Johnson in April.

Soros also got rid of his gold ETF holdings, which were worth nearly $82 million as of the end of the first quarter.

The filing from activist investor Carl Icahn didn't list shares of Apple (AAPL, Fortune 500), in which he said Tuesday he had acquired a large position. That means Icahn bought his Apple shares in the current quarter. To top of page

First Published: August 14, 2013: 7:27 PM ET


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