george soros,s secrets

7/30/2019 George Soros,s Secrets

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GURUFOLIO REPORT

SOROS FUND MANAGEMENT LLC

GEORGE SOROS PORTFOLIO

Portfolio Date: 2011-05-20

Updated on 2011-06-14

Portfolio Overview

Portfolio: Soros Fund Management LLC

Fund Type: Hedge Fund


13D/13G Date: 2011-05-20Number of Stocks: 727

Equity Value: $6.42 Billion

Number of New Buys: 221

Q/Q Turnover: 30%

GuruFocus.com, LLC

3400 Silverstone Dr., Suite 172

Plano, TX 75023-7843

Phone: 469-248-6885

Website: http://www.gurufocus.com

E-mail: [email protected]

Copyright 2011 by GuruFocus.com LLC. Any reproduction o r divulgence withou t written consen t is prohibited. The use of this

confidential report is strictly limited to authorized readers.


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Table of Content

Table of Content

I. Portfolio Overview, Profile

II. Historical Total Value ($Billion) of Filings

III. Industry/Sector Shift in Past 12 Months

IV. Top Holdings (Up to 25)

V. Top Purchases of George Soros

VI. Top Sales of George Soros

VII. Top Bargain Candidates of George Soros

VIII. Consenus Picks of George Soros and Other Gurus

IX. Stocks at Close to 52-Week Lows

X. Overview of Sector/Industry Trend of George Soros's TradesXI. No. 1 Bought Industry - Industrial Goods & Services

XII. No. 2 Bought Industry - Personal & Household Goods

XIII. No. 3 Bought Industry - Banks

XIV. No. 1 Sold Industry - Oil & Gas Producers

XV. 13D/13G/Form 4 Filings After 2011-03-31

XVI. Undervalued Stocks Based on Discounted Cash Flow Model

XVII. Top Yield Stocks

XVIII. Top Growth Companies

XIX. Stocks with Heavy Insider Buys

XX. Stocks that George Soros Keeps Buying

XXI. Stocks that George Soros Keeps Selling

XXII. International Stocks

XXIII. ETF Holdings

XXIV. Preferred Stocks

XXV. Call/Put Option Holdings


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I. Portfolio Overview, Profile

Portfolio Overview

Portfolio: Soros Fund Management LLC

Firm Type: Hedge Fund


13D/13G Date: 2011-05-20

Number of Stocks: 727

Equity Value: $6.42 Billion

Number of New Buys: 221

Q/Q Turnover: 30%

Profile

George Soros is known for the unmatched success of his Quantum Fund. A hedge fund guru, he is recognized

for having the best performance record of any investment fund in the world over its 26-year h istory. A mere $1000

invested in 1969 when Soros established the Quantum Fund would have been worth $4 million by the year

2000. During that time he achieved a cumulative 32% annual return.

Investing Philosophy

His basic theory of investing is that financial markets are chaotic. The prices of stocks, bonds and currencies

depend on the human beings who buy and sell them, and those traders often act out of highly emotional

reactions rather than coolly logical calculations. Opportunities can be found by carefully studying the value and

the market prices of assets. He focuses on a theory of "reflexivity," which is based on the premise that individual

investor biases affect market transactions and the economy.

II. Historical Total Value ($Billion) of Filings

III. Industry/Sector Shift in Past 12 Months

GuruFolio Reports http://GuruFocus.co

Copyright 2011 by GuruFocus.com LLC 3/


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IV. Top Holdings (Up to 25)

These are the top holdings of George Soros as of 2011-03-31 in the order of

significance.

Ticker Company Shares

(1000)

Value

($Mil)

Weighting

(%)

Share # Change from Last

Period

Current Price

($)

Price Change Since Quarter

End (%)

AGRO Adecoagro SA 27,159 366 5.7% New Buy 12.1 -10.2%

IOC InterOil 4,047 302 4.71% -8.72% 56.6 -24.2%

MSI Motorola Solutions 4,481 200 3.12% New Buy 45.43 1.7%

MON Monsanto Co. 2,659 192 2.99% -19.21% 68.7 -4.9%

DNDN Dendreon Corp. 4,672 175 2.72% +11.27% 39.35 5.1%

VC Visteon Corp. 2,134 133 2.08% New Buy 59.7 -4.5%

C Citigroup Inc. 2,939 130 2.02% +174.20% 39.17 -11.4%

WPRT Westport Innovations Inc 5,548 122 1.9% +22.56% 20.62 -6.2%

EM Emdeon 7,152 115 1.79% -8.16% 13.3 -17.4%

WFC Wells Fargo & Co. 3,505 111 1.73% +516.23% 26.9 -15.1%

TEVA Teva Pharmaceutical Industries Ltd. 2,134 107 1.67% -15.54% 49.14 -2.1%

CVS CVS Caremark 2,927 100 1.56% +918.68% 37.31 8.7%

DHR Danaher Corp. 1,872 97 1.51% +462.26% 51.33 -1.1%

AAPL Apple Inc. 230 80 1.25% -24.41% 326.6 -6.3%

WFT Weatherford International Ltd. 3,499 79 1.23% +103.46% 17.38 -23.1%

CMCSA Comcast Corp. 3,194 79 1.23% +61.20% 23.71 -4.1%

LWSNLawson Software Inc.

6,261 76 1.18% +6.54% 11.18 -7.6%

ESRX Express Scripts Inc. 1,319 73 1.14% +704.09% 55.76 0.3%

GOOG Google Inc. 116 68 1.06% +85.40% 504.73 -14.0%

VZ Verizon Communications Inc. 1,685 65 1.01% +61.79% 35.63 -7.6%

RL Polo Ralph Lauren Corp. 496 61 0.96% +9,265.43% 120.46 -2.6%

GILD Gilead Sciences Inc. 1,376 58 0.91% +760.06% 39.96 -5.9%

AMZN Amazon.com Inc. 293 53 0.82% +831.43% 186.29 3.4%

ACTG Acacia Research Corp. 1,494 51 0.8% +179.65% 31.93 -6.7%

NIHD NII Holdings Inc 1,213 51 0.79% +1,719.34% 39.76 -4.6%


http://www.gurufocus.com/stock/NIHDhttp://www.gurufocus.com/stock/ACTGhttp://www.gurufocus.com/stock/AMZNhttp://www.gurufocus.com/stock/GILDhttp://www.gurufocus.com/stock/RLhttp://www.gurufocus.com/stock/VZhttp://www.gurufocus.com/stock/GOOGhttp://www.gurufocus.com/stock/ESRXhttp://www.gurufocus.com/stock/LWSNhttp://www.gurufocus.com/stock/CMCSAhttp://www.gurufocus.com/stock/WFThttp://www.gurufocus.com/stock/AAPLhttp://www.gurufocus.com/stock/DHRhttp://www.gurufocus.com/stock/CVShttp://www.gurufocus.com/stock/TEVAhttp://www.gurufocus.com/stock/WFChttp://www.gurufocus.com/stock/EMhttp://www.gurufocus.com/stock/WPRThttp://www.gurufocus.com/stock/Chttp://www.gurufocus.com/stock/VChttp://www.gurufocus.com/stock/DNDNhttp://www.gurufocus.com/stock/MONhttp://www.gurufocus.com/stock/MSIhttp://www.gurufocus.com/stock/IOChttp://www.gurufocus.com/stock/AGRO


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V. Top Purchases of George Soros

These are the top purchases of George Soros as of 2011-03-31 in the order of

significance.

Ticker Company Current Shares

(1000)

Value

($Mil)

Impact to Portfolio

(%)


Period

Average

Cost

Current

Price ($)

Price

Change(%)

AGRO Adecoagro S.a. 27,159 329 4.36% New holding $12.73 $12.1 -4.9%

MSI Motorola Solutions Inc. New 4,481 204 2.38% New holding $39.86 $45.43 14.0%

VC Visteon Corp. 2,134 127 1.59% New holding $69.72 $59.7 -14.4%

WFC Wells Fargo & Co. 3,505 94 1.11% Add 516.23% $32.23 $26.9 -16.5%

CVS Cvs Caremark Corp. 2,927 109 1.08% Add 918.68% $33.91 $37.31 10.0%

C Citigroup Inc. 29,385 1,151 0.98% Add 174.2% $47.29 $39.17 -17.2%

DHR Danaher Corp. 1,872 96 0.95% Add 462.26% $49.27 $51.33 4.2%

ESRX Express Scripts Inc. 1,319 74 0.76% Add 704.09% $55.84 $55.76 -0.1%

RL Polo Ralph Lauren Corp. 496 60 0.72% Add 9265.43% $116.94 $120.46 3.0%

GILD Gilead Sciences Inc. 1,376 55 0.62% Add 760.06% $39.2 $39.96 1.9%

VI. Top Sales of George Soros

These are the top sales of George Soros as of 2011-03-31 in the order of significance.

Ticker Company Current

Shares (1000)

Value

($Mil)

Impact to

Portfolio (%)

Share # Change from

Last Period

Average

Cost

Current

Price ($)

Price

Change(%)

GLD Spdr Gold Trust Spdr Gold 49 7 -7.54% Reduce -98.95% $135.37 $147.77 9.2%

PXP Plains Exploration & Production Company 0 0 -1.97% Sold Out $35.5 $35.25 -0.7%

DAL Delta Air Lines Inc. 1,763 16 -1.54% Reduce -88.03% $11.33 $9.26 -18.3%

NG Novagold Resources Inc. 3,492 32 -1.46% Reduce -72.94% $13.58 $9.15 -32.6%

BBY Best Buy Company Inc. 0 0 -0.94% Sold Out $33.21 $28.82 -13.2%

IAU Ishares Comex Gold Trust 0 0 -0.9% Sold Out $13.56 $14.8 9.1%

CCE Cocacola Enterprises Inc. 53 1 -0.87% Reduce -97.76% $25.82 $28.15 9.0%

WMT Walmart Stores Inc. 0 0 -0.66% Sold Out $53.98 $52.62 -2.5%

MOTMotorola Inc.

0 0 -0.52%Sold Out

$9.09 $9.11 0.2%

KGC Kinross Gold Corp. 1,379 21 -0.49% Reduce -65.19% $16.42 $15.5 -5.6%


http://www.gurufocus.com/stock/KGChttp://www.gurufocus.com/stock/MOThttp://www.gurufocus.com/stock/WMThttp://www.gurufocus.com/stock/CCEhttp://www.gurufocus.com/stock/IAUhttp://www.gurufocus.com/stock/BBYhttp://www.gurufocus.com/stock/NGhttp://www.gurufocus.com/stock/DALhttp://www.gurufocus.com/stock/PXPhttp://www.gurufocus.com/stock/GLDhttp://www.gurufocus.com/stock/GILDhttp://www.gurufocus.com/stock/RLhttp://www.gurufocus.com/stock/ESRXhttp://www.gurufocus.com/stock/DHRhttp://www.gurufocus.com/stock/Chttp://www.gurufocus.com/stock/CVShttp://www.gurufocus.com/stock/WFChttp://www.gurufocus.com/stock/VChttp://www.gurufocus.com/stock/MSIhttp://www.gurufocus.com/stock/AGRO


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VII. Top Bargain Candidates of George Soros

George Soros bought these stocks in the quarter ended on 2011-03-31. You can buy

these stocks at lower prices.


(1000)

Value

($Mil)

Impact to

Portfolio (%)

Share # Change from

Last Period

Average

Cost

Current

Price ($)

Price

Change(%)

PAL North American Palladium Ltd. 2,000 7 0.15% Add 3900% $6.87 $3.69 -46.3%

KV.A Kv Pharmaceutical Cla 200 1 0.01% New holding $5.86 $3.24 -44.7%

ISS Isoftstone Holdings Ltd. 690 8 0.11% Add 283.53% $19.27 $11.14 -42.2%

EJ Ehouse Holdings Ltd. 497 4 0.06% Add 894.53% $13.52 $7.78 -42.5%

NOK Nokia Corp. 384 2 0.04% New holding $9.63 $6.11 -36.6%

CIS Camelot Information Systems Inc. 125 2 0.02% New holding $21.09 $13.51 -35.9%

CYH Community Health S. 19 0 0.01% Add 173.53% $38.16 $25.76 -32.5%

RENT Rentrak Corp. 342 6 0.05% Add 99.94% $26.99 $18.95 -29.8%

CLWR Clearwire Corp. 270 1 0.02% New holding $5.43 $3.82 -29.7%

YOKU Youku.com 50 1 0.03% New holding $38.29 $26.78 -30.1%

WGO Winnebago Industries Inc. 600 6 0.1% New holding $14.8 $10.55 -28.7%

RT Ruby Tuesday Inc. 41 0 0.01% New holding $13.53 $9.59 -29.1%

SWKS Skyworks Solutions Inc. 114 3 0.02% Add 99.89% $32.68 $23.515 -28.0%

BRCM Broadcom Corp. 283 9 0.03% Add 32.79% $42.95 $32.3 -24.8%

RFMD Rf Micro Devices Inc. 4,367 24 0.17% Add 102.8% $7.24 $5.46 -24.6%

MRVL Marvell Technology Group Ltd. 219 3 0.04% Add 795.69% $18.39 $14.11 -23.3%

WFTWeatherford Intl. Ltd.

3,499 61 0.48%Add 103.46%

$22.66 $17.38 -23.3%

ANR Alpha Natural Resources Inc. 83 4 0.06% Add 1405.45% $56.95 $43.78 -23.1%

WNC Wabash National Corp. 1,900 17 0.26% New holding $11.36 $8.78 -22.7%

YTEC Yucheng Technologies Ltd. 162 1 0.01% New holding $3.95 $3.1 -21.5%


http://www.gurufocus.com/stock/YTEChttp://www.gurufocus.com/stock/WNChttp://www.gurufocus.com/stock/ANRhttp://www.gurufocus.com/stock/WFThttp://www.gurufocus.com/stock/MRVLhttp://www.gurufocus.com/stock/RFMDhttp://www.gurufocus.com/stock/BRCMhttp://www.gurufocus.com/stock/SWKShttp://www.gurufocus.com/stock/RThttp://www.gurufocus.com/stock/WGOhttp://www.gurufocus.com/stock/YOKUhttp://www.gurufocus.com/stock/CLWRhttp://www.gurufocus.com/stock/RENThttp://www.gurufocus.com/stock/CYHhttp://www.gurufocus.com/stock/CIShttp://www.gurufocus.com/stock/NOKhttp://www.gurufocus.com/stock/EJhttp://www.gurufocus.com/stock/ISShttp://www.gurufocus.com/stock/KV.Ahttp://www.gurufocus.com/stock/PAL


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VIII. Consenus Picks of George Soros and Other

Gurus

These are the stocks that George Soros bought. They are also bought by other Gurus

tracked by GuruFocus.


(1000)

Value

($Mil)

Impact to Portfolio

(%)

Share # Change from

Last Period

Average

Cost

Current

Price ($)

Price

Change(%)


VC Visteon Corp. 2,134 127 1.59% New holding $69.72 $59.7 -14.4%

NIHD Nii Holdings Inc 1,213 48 0.57% Add 1719.34% $41.09 $39.76 -3.2%

URS Urs Corp. 1,095 46 0.4% Add 205.35% $44.46 $41.98 -5.6%

HCA Hca Holdings Inc. 700 24 0.28% New holding $32.28 $33.65 4.2%

PCLN Priceline.com Inc. 47 22 0.27% Add 4974.37% $448.15 $482.13 7.6%

PWER Powerone Inc. 2,835 23 0.22% Add 255.54% $9.47 $8.1 -14.5%

NBL Noble Energy Inc. 180 15 0.21% New holding $89.18 $85.22 -4.4%

DNDN Dendreon Corp. 4,672 184 0.21% Add 11.27% $34.58 $39.35 13.8%

SWFT Swift Transportation Co. 1,000 12 0.17% New holding $14.2 $12.4 -12.7%

RFMD Rf Micro Devices Inc. 4,367 24 0.17% Add 102.8% $7.24 $5.46 -24.6%

AMSC American Superconductor Corp. 541 4 0.16% New holding $26.83 $7.73 -71.2%

IX. Stocks at Close to 52-Week Lows

These are the stocks George Soros that are within 5% of 52-week lows.

Ticker Company Current Price

($)

% off 52-Week

High

Shares

(1000)

Value ($Mil)

Weighting

(%)


Period

VC Visteon Corp. 59.7 21.8 2,134 133 2.08% New Buy

PBR PETROLEO BRASILEIIRO SA PETROBRAS 32.9 23.3 1,110 45 0.7% +88.65%

DAL Delta Air Lines 9.26 37.2 1,763 17 0.27% -88.03%

BPZ BPZ Resources 3.04 54.6 2,644 14 0.22% -45.15%

AMSC American Superconductor Corp. 7.73 80.2 541 13 0.21% New Buy

ISS iSoftStone Holdings 11.14 47.9 690 13 0.2% +283.53%

CTE SinoTech Energy Ltd. ADS 4.1 52.8 1,425 11 0.18%

SATC SatCon Technology Corp. 1.99 63.8 2,500 10 0.15% +82.68%

RENT Rentrak Corp. 18.95 38.7 342 9 0.14% +99.94%

MMI Motorola Mobility Holdings 23.28 36.4 371 9 0.14% New Buy

RDA RDA Microelectronics Inc. 9.95 44.3 482 7 0.11% -0.21%


http://www.gurufocus.com/stock/RDAhttp://www.gurufocus.com/stock/MMIhttp://www.gurufocus.com/stock/RENThttp://www.gurufocus.com/stock/SATChttp://www.gurufocus.com/stock/CTEhttp://www.gurufocus.com/stock/ISShttp://www.gurufocus.com/stock/AMSChttp://www.gurufocus.com/stock/BPZhttp://www.gurufocus.com/stock/DALhttp://www.gurufocus.com/stock/PBRhttp://www.gurufocus.com/stock/VChttp://www.gurufocus.com/stock/AMSChttp://www.gurufocus.com/stock/RFMDhttp://www.gurufocus.com/stock/SWFThttp://www.gurufocus.com/stock/DNDNhttp://www.gurufocus.com/stock/NBLhttp://www.gurufocus.com/stock/PWERhttp://www.gurufocus.com/stock/PCLNhttp://www.gurufocus.com/stock/HCAhttp://www.gurufocus.com/stock/URShttp://www.gurufocus.com/stock/NIHDhttp://www.gurufocus.com/stock/VChttp://www.gurufocus.com/stock/MSI


9/21

X. Overview of Sector/Industry Trend of George

Soros's Trades

This is the overview of the industries that George Soros was buying into and selling

out in the quarter ended on 2011-03-31.

Industry Impact to Portfolio due to Sales (%) Impact to Portfolio due to Buys (%)

Industrial Goods & Services 0.45% 3.9%

Personal & Household Goods 0.07% 3.48%

Banks 0.07% 2.74%

Automobiles & Parts 0% 1.86%

Software & Computer Services 0.18% 1.83%

Pharmaceuticals & Biotechnology 0.14% 1.73%

Health Care Equipment & Services 0.14% 1.66%

Media 0.04% 1.03%

Technology Hardware & Equipment 0.2% 1.18%

Financial Services 0% 0.72%

Oil Equipment, Services & Distribution 0.07% 0.68%

Mobile Telecommunications 0.01% 0.6%

Fixed Line Telecommunications 0.27% 0.58%

Basic Resources 0.18% 0.47%

Chemicals 0.09% 0.32%

Travel & Leisure 0% 0.16%

Insurance 0.04% 0.07%

Retail 2.38% 2.41%

Food & Beverage 0.02% 0.01%

Electricity 0.02% 0%

Gas, Water & Multiutilities 0.02% 0%

Construction & Materials 0.09% 0%

Oil & Gas Producers 2.32% 0.99%




10/21

XI. No. 1 Bought Industry - Industrial Goods &

Services

Industrial Goods & Services is the No. 1 indutrsty that George Soros purchased in the

quarter ended on 2011-03-31. These are the companies.


(1000)

Value

($Mil)

Impact to Portfolio

(%)


Period

Average

Cost

Current Price

($)

Price

Change(%)

DHR Danaher Corp. 1,872 96 0.95% Add 462.26% $49.27 $51.33 4.2%

URS Urs Corp. 1,095 46 0.4% Add 205.35% $44.46 $41.98 -5.6%

MCO Moodys Corp. 735 30 0.3% Add 8654.76% $30.5 $41.21 35.1%

WPRT Westport Innovations Inc 5,548 114 0.27% Add 22.56% $17.33 $20.62 19.0%

WNC Wabash National Corp. 1,900 17 0.26% New holding $11.36 $8.78 -22.7%

PWER Powerone Inc. 2,835 23 0.22% Add 255.54% $9.47 $8.1 -14.5%

BEAV Be Aerospace Inc. 508 19 0.21% New holding $36.67 $36.59 -0.2%

FDX Fedex Corp. 167 14 0.19% New holding $91.97 $85.92 -6.6%

SWFT Swift Transportation Co. 1,000 12 0.17% New holding $14.2 $12.4 -12.7%

CSTR Coinstar Inc. 337 16 0.17% Add 1412.11% $45.48 $47.03 3.4%

XII. No. 2 Bought Industry - Personal & Household

Goods

Personal & Household Goods is the No. 1 indutrsty that George Soros purchased in

the quarter ended on 2011-03-31. These are the companies.


(1000)

Value

($Mil)

Impact t o Portfolio

(%)


Period

Average

Cost

Current

Price ($)

Price

Change(%)


RL Polo Ralph Lauren Corp. 496 60 0.72% Add 9265.43% $116.94 $120.46 3.0%

SWK Stanley Works 491 33 0.21% Add 87.31% $72.38 $66.72 -7.8%

WGO Winnebago Industries Inc. 600 6 0.1% New holding $14.8 $10.55 -28.7%

TIVO Tivo Inc. 625 6 0.07% New holding $9.58 $9.99 4.3%


http://www.gurufocus.com/stock/TIVOhttp://www.gurufocus.com/stock/WGOhttp://www.gurufocus.com/stock/SWKhttp://www.gurufocus.com/stock/RLhttp://www.gurufocus.com/stock/MSIhttp://www.gurufocus.com/stock/CSTRhttp://www.gurufocus.com/stock/SWFThttp://www.gurufocus.com/stock/FDXhttp://www.gurufocus.com/stock/BEAVhttp://www.gurufocus.com/stock/PWERhttp://www.gurufocus.com/stock/WNChttp://www.gurufocus.com/stock/WPRThttp://www.gurufocus.com/stock/MCOhttp://www.gurufocus.com/stock/URShttp://www.gurufocus.com/stock/DHR


11/21

XIII. No. 3 Bought Industry - Banks

Banks is the No. 1 indutrsty that George Soros purchased in the quarter ended on

2011-03-31. These are the companies.


(1000)

Value

($Mil)

Impact to Portfolio

(%)

Share # Change from

Last Period

Average

Cost

Current

Price ($)

Price

Change(%)

WFC Wells Fargo & Co. 3,505 94 1.11% Add 516.23% $32.23 $26.9 -16.5%

C Citigroup Inc. 29,385 1,151 0.98% Add 174.2% $47.29 $39.17 -17.2%

ITUB Itau Unibanco Banco Multiplo S.a. 1,352 30 0.39% New holding $22.44 $22.13 -1.4%

STI Suntrust Banks Inc. 277 7 0.09% New holding $29.84 $25.52 -14.5%

PNC Pnc Financial Services Group 104 6 0.08% New holding $62.07 $59.25 -4.5%

BAP Credicorp Ltd 48 4 0.06% New holding $106.59 $91.45 -14.2%

KEY Keycorp 284 2 0.03% New holding $9.03 $8 -11.4%

XIV. No. 1 Sold Industry - Oil & Gas Producers

Oil & Gas Producers is the No. 1 indutrsty that George Soros sold in the quarter ended

on 2011-03-31. These are the companies.


(1000)

Value

($Mil)

Impact to

Portfolio (%)

Share # Change from

Last Period

Average

Cost

Current

Price ($)

Price

Change(%)

PXP Plains Exploration & Production Company 0 0 -1.97% Sold Out $35.5 $35.25 -0.7%

GTE Gran Tierra Energy Inc. 0 0 -0.19% Sold Out $8.52 $6.3 -26.1%

BPZ Bpz Resources Inc. 2,644 8 -0.14% Reduce -45.15% $5.63 $3.04 -46.0%

MHR Magnum Hunter Resources Corp. 0 0 -0.05% Sold Out $7.2 $6.27 -12.9%

TRGL Toreador Resources Corp. 0 0 -0.03% Sold Out $14.53 $4.81 -66.9%

RRC Range Resources Corp 55 3 -0.02% Reduce -38.33% $49.62 $51.3 3.4%

VLO Valero Energy Corp. 0 0 -0.01% Sold Out $26.86 $24.33 -9.4%

SUN Sunoco Inc. 0 0 -0.01% Sold Out $42.42 $39.56 -6.7%

SFY Swift Energy 0 0 -0.01% Sold Out $41.91 $33.65 -19.7%

BBG Bill Barrett Corp. 0 0 -0.01% Sold Out $38.91 $41.74 7.3%


http://www.gurufocus.com/stock/BBGhttp://www.gurufocus.com/stock/SFYhttp://www.gurufocus.com/stock/SUNhttp://www.gurufocus.com/stock/VLOhttp://www.gurufocus.com/stock/RRChttp://www.gurufocus.com/stock/TRGLhttp://www.gurufocus.com/stock/MHRhttp://www.gurufocus.com/stock/BPZhttp://www.gurufocus.com/stock/GTEhttp://www.gurufocus.com/stock/PXPhttp://www.gurufocus.com/stock/KEYhttp://www.gurufocus.com/stock/BAPhttp://www.gurufocus.com/stock/PNChttp://www.gurufocus.com/stock/STIhttp://www.gurufocus.com/stock/ITUBhttp://www.gurufocus.com/stock/Chttp://www.gurufocus.com/stock/WFC


12/21

XV. 13D/13G/Form 4 Filings After 2011-03-31

These are the trades of George Soros after 2011-03-31. These are from

13D/13G/Form 4 filings.

Ticker Shares (1000) Date Share # Change

from Last Period

% of the company Filing Type

EXAR 6,657 2011-05-16 +0.50% 4

MSTR 455 2011-05-10 +34.34% 5.67% 13G

EXAR 6,620 2011-05-09 +0.20% 4

GMLP 1,175 2011-05-04 New Buy 5.08% 13G

XVI. Undervalued Stocks Based on Discounted Cash

Flow Model

These are the stocks that appear to be undervalued based on the calculation with

Discounted Cash Flow model. The calculation is based on the past business

performance of the company. The discount rate is 12%. The terminal growth rate is

4%. The growth rate of the next ten years is assumed to be equal to that of the

previous 10 years.

Ticker Company Price ($) Margin of Safety (%) Shares (1000) Value ($Mil) Weighting

(%)

Share # Change

AFL AFLAC Inc. 45.28 65% 20.0 1.1 0.02% +412.82%

CMTL Comtech Telecommunications Corp. 23.62 51% 9.9 0.3 0% +22.22%

ACE ACE Ltd. 65.74 49% 24.0 1.6 0.02% +500.00%

OII Oceaneering International Inc. 35.91 39% 5.2 0.2 0% -7.14%

BOBE Bob Evans Farms Inc. 32.45 26% 8.1 0.3 0% New Buy

CXW Corrections Corp. of America 21.35 21% 30.2 0.7 0.01% +13.53%

MRVL Marvell Technology Group Ltd. 14.11 17% 219.4 3.4 0.05% +795.69%

AIT Applied Industrial Technologies Inc. 33.09 15% 14.6 0.5 0.01% New Buy

TGT Target Corp. 46.43 14% 8.7 0.4 0.01% -97.20%

MUR Murphy Oil Corp. 63.95 7% 19.0 1.4 0.02% -19.49%

INTC Intel Corp. 21.385 7% 142.1 2.9 0.04% +434.18%

VZ Verizon Communications Inc. 35.63 6% 1,685.4 65.0 1.01% +61.79%

CSCO Cisco Systems Inc. 15.06 6% 308.6 5.3 0.08% +12.38%


http://www.gurufocus.com/stock/CSCOhttp://www.gurufocus.com/stock/VZhttp://www.gurufocus.com/stock/INTChttp://www.gurufocus.com/stock/MURhttp://www.gurufocus.com/stock/TGThttp://www.gurufocus.com/stock/AIThttp://www.gurufocus.com/stock/MRVLhttp://www.gurufocus.com/stock/CXWhttp://www.gurufocus.com/stock/BOBEhttp://www.gurufocus.com/stock/OIIhttp://www.gurufocus.com/stock/ACEhttp://www.gurufocus.com/stock/CMTLhttp://www.gurufocus.com/stock/AFLhttp://www.sec.gov/Archives/edgar/data/1029160/000101143811000206/0001011438-11-000206.txthttp://www.gurufocus.com/stock/GMLPhttp://www.sec.gov/Archives/edgar/data/753568/000114036111026465/xslF345X03/doc1.xmlhttp://www.gurufocus.com/stock/EXARhttp://www.sec.gov/Archives/edgar/data/1029160/000101143811000214/0001011438-11-000214.txthttp://www.gurufocus.com/stock/MSTRhttp://www.sec.gov/Archives/edgar/data/753568/000114036111028006/xslF345X03/doc1.xmlhttp://www.gurufocus.com/stock/EXAR


13/21

XVII. Top Yield Stocks

These are the stocks with the highest dividend yield in the portfolio of George Soros.

Ticker Company Yield (%)

Price ($) Shares

(1000)

Value

($Mil)

Weighting as of 2011-03-

31 (%)


Period

BOX SeaCube Container Leasing 16.3% 16.17 14 0.2 0% New Buy

CIM Chimera Investment 15.9% 3.53 20 0.1 0% New Buy

TWO Two Harbors Investment 15.2% 10.51 13 0.1 0% New Buy

PWE Penn West Petroleum Ltd. 14% 23.15 512 14.2 0.22% New Buy

PDLI PDL BioPharma Inc. 10.5% 5.74 17 0.1 0% New Buy

MCGC MCG Capital Corp. 9.7% 6.16 12 0.1 0% New Buy

VOD Vodafone Group Plc 7.3% 26.27 178 5.1 0.08% -2.73%

CTL CenturyLink 7.3% 39.85 314 13.1 0.2% +9.53%

TCRD THL Credit Inc. 7.1% 12.91 14 0.2 0% +29.80%

NOK Nokia Corp. ADS 6.7% 6.11 384 3.3 0.05% New Buy

CLI MackCali Realty Corp. 5.7% 31.72 6 0.2 0% New Buy

T AT&T 5.6% 30.55 1,599 48.9 0.76% +42.96%

VZ Verizon Communications Inc. 5.5% 35.63 1,685 65.0 1.01% +61.79%

RRD R.R. Donnelley & Sons Company 5.4% 19.425 108 2.0 0.03% +230.06%

NTRI NutriSystem Inc 5.3% 13.3 22 0.3 0.01% New Buy

BDN Brandywine Realty Trust 5.3% 11.24 17 0.2 0% New Buy

BCE BCE Inc. 5.1% 38.73 19 0.7 0.01%

PHIPhilippine Long Distance Telephone Company ADS

5% 52.94 46 2.5 0.04% New Buy

EXC Exelon Corp. 5% 41.8 22 0.9 0.01% -56.66%

SBGI Sinclair Broadcast Group Inc. 5% 9.54 48 0.6 0.01% New Buy


http://www.gurufocus.com/stock/SBGIhttp://www.gurufocus.com/stock/EXChttp://www.gurufocus.com/stock/PHIhttp://www.gurufocus.com/stock/BCEhttp://www.gurufocus.com/stock/BDNhttp://www.gurufocus.com/stock/NTRIhttp://www.gurufocus.com/stock/RRDhttp://www.gurufocus.com/stock/VZhttp://www.gurufocus.com/stock/Thttp://www.gurufocus.com/stock/CLIhttp://www.gurufocus.com/stock/NOKhttp://www.gurufocus.com/stock/TCRDhttp://www.gurufocus.com/stock/CTLhttp://www.gurufocus.com/stock/VODhttp://www.gurufocus.com/stock/MCGChttp://www.gurufocus.com/stock/PDLIhttp://www.gurufocus.com/stock/PWEhttp://www.gurufocus.com/stock/TWOhttp://www.gurufocus.com/stock/CIMhttp://www.gurufocus.com/stock/BOX


14/21

XVIII. Top Growth Companies

These are the stocks with the highest growth rate in the past 5 years among the

holdings of George Soros.

Ticker Company 10-Year EBITDA Growth

Rate (%)

Price ( $) Shares

(1000)

Value

($Mil)

Weighting as of

2011-03-31 (%)

Share # Change from

Last Period

DECK Deckers Outdoor Corp. 49.1% 78.57 2.4 0.2 0% New Buy

BLUD Immucor Inc. 48.3% 20.17 21.0 0.4 0.01% -51.05%

PDC Pioneer Drilling Co. 46.8% 13 15.0 0.2 0% New Buy

UNH UnitedHealth Group Inc. 40.7% 49.11 314.2 14.2 0.22% +20.02%

CTSH Cognizant Technology Solutions Corp. 39.7% 70.71 93.4 7.6 0.12% -35.23%

ACE ACE Ltd. 38.8% 65.74 24.0 1.6 0.02% +500.00%

TEVA Teva Pharmaceutical Industries Ltd. 37.1% 49.14 2,134.0 107.1 1.67% -15.54%

POT Potash Corp. Of Saskatchewan 35.8% 54.32 184.3 10.9 0.17% +1,128.83%

MRVL Marvell Technology Group Ltd. 33.9% 14.11 219.4 3.4 0.05% +795.69%

COH Coach Inc. 33.5% 58.76 875.7 45.6 0.71% +250.79%

GG Goldcorp Inc. 32.5% 46.24 7.6 0.4 0.01% New Buy

SU Suncor Energy Inc. 29.6% 38.57 9.8 0.4 0.01% +84.91%

ESRX Express Scripts Inc. 28.6% 55.76 1,318.7 73.3 1.14% +704.09%

HMA Health Management Associates Inc. Cl A 27.7% 10.1 629.1 6.9 0.11% +5,276.79%

TKC Turkcell Iletisim Hi zmetleri A.S. ADS 27.4% 13.37 86.5 1.3 0.02% +20.98%

ADS Alliance Data Systems Corp. 27.3% 86.9 3.3 0.3 0% New Buy

EBAYeBay Inc.

27.3% 29.86 17.4 0.5 0.01% +9.43%

QSFT Quest Software Inc. 27.1% 20.765 22.1 0.6 0.01% +130.21%

CMTL Comtech Telecommunications Corp. 25.7% 23.62 9.9 0.3 0% +22.22%

BLK Blackrock Inc 25.1% 188.93 23.2 4.7 0.07% +711.47%


http://www.gurufocus.com/stock/BLKhttp://www.gurufocus.com/stock/CMTLhttp://www.gurufocus.com/stock/QSFThttp://www.gurufocus.com/stock/EBAYhttp://www.gurufocus.com/stock/ADShttp://www.gurufocus.com/stock/TKChttp://www.gurufocus.com/stock/HMAhttp://www.gurufocus.com/stock/ESRXhttp://www.gurufocus.com/stock/SUhttp://www.gurufocus.com/stock/GGhttp://www.gurufocus.com/stock/COHhttp://www.gurufocus.com/stock/MRVLhttp://www.gurufocus.com/stock/POThttp://www.gurufocus.com/stock/TEVAhttp://www.gurufocus.com/stock/ACEhttp://www.gurufocus.com/stock/CTSHhttp://www.gurufocus.com/stock/UNHhttp://www.gurufocus.com/stock/PDChttp://www.gurufocus.com/stock/BLUDhttp://www.gurufocus.com/stock/DECK


15/21

XIX. Stocks with Heavy Insider Buys

These are the stocks that have the largest unique insider buys over the past 3 months.

Ticker Company # of Insider buys (3 months) Shares (1000) Value ($Mil) Weighting as of 2011-03-31 (%) Share # Change

TWO Two Harbors Investment 9 13.1 0.1 0% New Buy

HCA HCA Holdings 7 700.0 23.7 0.37% New Buy

REXX Rex Energy Corp. 6 12.7 0.1 0% +6.72%

TCRD THL Credit Inc. 5 13.9 0.2 0% +29.80%

CVO Cenveo Inc. 5 19.5 0.1 0% +14.71%

ARX Aeroflex Holdings 5 1,614.4 29.4 0.46% -16.38%

PDC Pioneer Drilling Co. 4 15.0 0.2 0% New Buy

FBC Flagstar Bancorp Inc. 4 39.6 0.1 0% New Buy

GM General M otors 4 123.7 3.8 0.06% -87.01%

H Hyatt Hotels 3 6.2 0.3 0% -18.42%

RF Regions Financial Corp. 3 46.9 0.3 0.01% +11.67%

C Citigroup Inc. 3 2,938.5 129.9 2.02% +174.20%

LPS Lender Processing Servi ces 3 6.9 0.2 0% -61.02%

NLC Nalco Holding Co. 3 9.1 0.2 0% -51.85%

LOPE Grand Canyon Education Inc. 3 10.4 0.2 0% New Buy

MBI MBIA Inc. 3 40.5 0.4 0.01% -38.26%

SNV Synovus Financial Corp 3 55.6 0.1 0% -32.85%

GGP General Growth Properties Inc. 3 29.2 0.5 0.01% -31.34%

HRB H&R Block Inc. 3 108.9 1.8 0.03% -39.61%

PPHM Peregrine Pharmaceuticals Inc. 3 18.7 0.0 0% New Buy


http://www.gurufocus.com/stock/PPHMhttp://www.gurufocus.com/stock/HRBhttp://www.gurufocus.com/stock/GGPhttp://www.gurufocus.com/stock/SNVhttp://www.gurufocus.com/stock/MBIhttp://www.gurufocus.com/stock/LOPEhttp://www.gurufocus.com/stock/NLChttp://www.gurufocus.com/stock/LPShttp://www.gurufocus.com/stock/Chttp://www.gurufocus.com/stock/RFhttp://www.gurufocus.com/stock/Hhttp://www.gurufocus.com/stock/GMhttp://www.gurufocus.com/stock/FBChttp://www.gurufocus.com/stock/PDChttp://www.gurufocus.com/stock/ARXhttp://www.gurufocus.com/stock/CVOhttp://www.gurufocus.com/stock/TCRDhttp://www.gurufocus.com/stock/REXXhttp://www.gurufocus.com/stock/HCAhttp://www.gurufocus.com/stock/TWO


16/21

XX. Stocks that George Soros Keeps Buying

These are the stocks that George Soros keeps adding to the existing positions in the

past quarters.

Ticker Shares

(1000)

Value

($Mil)

Weighting as of 2011-03-

31 (%)

History

DNDN 4,671.7 174.9 2.72%

C 2,938.5 129.9 2.02%

WPRT 5,547.6 121.9 1.9%

WFC 3,505.1 111.1 1.73%


http://www.gurufocus.com/stock/WFChttp://www.gurufocus.com/stock/WPRThttp://www.gurufocus.com/stock/Chttp://www.gurufocus.com/stock/DNDN


17/21

XXI. Stocks that George Soros Keeps Selling

These are the stocks that George Soros keeps reducing in the past quarters.

Ticker Shares

(1000)

Value

($Mil)

Weighting as of 2011-03-31

(%)

History

MON 2,659.0 192.1 2.99%

CVA 1,048.5 17.9 0.28%

BPZ 2,644.0 14.0 0.22%

PFE 570.9 11.6 0.18%


http://www.gurufocus.com/stock/PFEhttp://www.gurufocus.com/stock/BPZhttp://www.gurufocus.com/stock/CVAhttp://www.gurufocus.com/stock/MON


18/21

XXII. International Stocks

These are the international stocks in the portfolio of George Soros.

Ticker Company Country/Region Shares

(1000)

Value

($Mil)

Weighting as of

2011-03-31 (%)

Share # Change from

Last Period

MELI MercadoLibre Inc. ARGENTINA 3.3 0.3 0% -29.79%

IOC InterOil AUSTRALIA 4,047.3 302.1 4.71% -8.72%

IOC InterOil AUSTRALIA 500.0 37.3 0.58%

ACN Accenture Cl A BERMUDA 90.8 5.0 0.08% -21.04%

GLNG Golar Lng Ltd BERMUDA 175.0 4.5 0.07% New Buy

PRE PartnerRe Ltd. BERMUDA 52.5 4.2 0.06% -9.95%

RE Everest Re Group Ltd. BERMUDA 46.3 4.1 0.06% -1.07%

MRVL Marvell Technology Group Ltd. BERMUDA 219.4 3.4 0.05% +795.69%

XL XL Group BERMUDA 95.0 2.3 0.04% -80.54%

AXS Axis Capital Holdings Ltd. BERMUDA 54.3 1.9 0.03% -2.69%

IR IngersollRand BERMUDA 32.1 1.6 0.02% +435.00%

AGO Assured Guaranty Ltd. BERMUDA 31.9 0.5 0.01% -52.03%

AHL Aspen Insurance Holdings Ltd. BERMUDA 14.0 0.4 0.01% New Buy

MHLD Maiden Hldgs Ltd BERMUDA 28.4 0.2 0% +39.22%

MRH Montpelier Re Holdings Ltd. BERMUDA 11.2 0.2 0% New Buy

PBR PETROLEO BRASILEIIRO SA PETROBRAS BRAZIL 1,110.2 44.9 0.7% +88.65%

PBR PETROLEO BRASILEIIRO SA PETROBRAS BRAZIL 500.0 20.2 0.31%

PBR.APetroleo Brasileiro S/A ADS A

BRAZIL 0.9 0.0 0% -47.06%

WPRT Westport Innovations Inc CANADA 5,547.6 121.9 1.9% +22.56%

NG NovaGold Resources Inc. CANADA 3,492.1 45.4 0.71% -72.94%

KGC Kinross Gold Corp. CANADA 1,379.4 21.7 0.34% -65.19%

PLG Platinum Group Metals Ltd. CANADA 8,420.8 16.5 0.26% -33.86%

PWE Penn West Petroleum Ltd. CANADA 512.1 14.2 0.22% New Buy

PAL North American Palladium Ltd. CANADA 2,000.0 13.0 0.2% +3,900.00%

POT Potash Corp. Of Saskatchewan CANADA 184.3 10.9 0.17% +1,128.83%

BPO

Brookfield Office Properties

CANADA 102.3 1.8 0.03%RIMM Research In Motion Ltd. CANADA 30.0 1.7 0.03%

BAM Brookfield Asset Management CANADA 39.5 1.3 0.02% -45.17%

WPRT Westport Innovations Inc CANADA 33.0 0.7 0.01%

BCE BCE Inc. CANADA 19.0 0.7 0.01%

CNQ Canadian Natural Resources Ltd. CANADA 13.9 0.7 0.01% -36.53%

ABX Barrick Gold Corp. CANADA 8.5 0.4 0.01% +77.08%

SU Suncor Energy Inc. CANADA 9.8 0.4 0.01% +84.91%

GG Goldcorp Inc. CANADA 7.6 0.4 0.01% New Buy


http://www.gurufocus.com/stock/GGhttp://www.gurufocus.com/stock/SUhttp://www.gurufocus.com/stock/ABXhttp://www.gurufocus.com/stock/CNQhttp://www.gurufocus.com/stock/BCEhttp://www.gurufocus.com/stock/WPRThttp://www.gurufocus.com/stock/BAMhttp://www.gurufocus.com/stock/RIMMhttp://www.gurufocus.com/stock/BPOhttp://www.gurufocus.com/stock/POThttp://www.gurufocus.com/stock/PALhttp://www.gurufocus.com/stock/PWEhttp://www.gurufocus.com/stock/PLGhttp://www.gurufocus.com/stock/KGChttp://www.gurufocus.com/stock/NGhttp://www.gurufocus.com/stock/WPRThttp://www.gurufocus.com/stock/PBR.Ahttp://www.gurufocus.com/stock/PBRhttp://www.gurufocus.com/stock/PBRhttp://www.gurufocus.com/stock/MRHhttp://www.gurufocus.com/stock/MHLDhttp://www.gurufocus.com/stock/AHLhttp://www.gurufocus.com/stock/AGOhttp://www.gurufocus.com/stock/IRhttp://www.gurufocus.com/stock/AXShttp://www.gurufocus.com/stock/XLhttp://www.gurufocus.com/stock/MRVLhttp://www.gurufocus.com/stock/REhttp://www.gurufocus.com/stock/PREhttp://www.gurufocus.com/stock/GLNGhttp://www.gurufocus.com/stock/ACNhttp://www.gurufocus.com/stock/IOChttp://www.gurufocus.com/stock/IOChttp://www.gurufocus.com/stock/MELI


19/21

EGO Eldorado Gold Corp. CANADA 21.3 0.3 0.01% New Buy

TD Toronto-Dominion Bank CANADA 3.9 0.3 0.01% -71.53%

TRP TransCanada CANADA 8.4 0.3 0.01% -65.29%

CCJ Cameco Corp. CANADA 11.2 0.3 0.01% New Buy

ABH AbitibiBowater CANADA 11.9 0.3 0.01% New Buy

SLF Sun Life Financial Inc. CANADA 10.2 0.3 0.01%

NAK Northern Dynasty Minerals Ltd. CANADA 21.0 0.3 0% New Buy

MIM MI Developments Inc. Cl A CANADA 10.7 0.3 0% -62.59%

MERC Mercer International Inc. CANADA 21.5 0.3 0% New Buy

MGA Magna International Inc. CANADA 5.6 0.3 0% New Buy

RBY Rubicon Mineral CANADA 42.4 0.2 0% New Buy

NOA North Ameri can Energy Partners CANADA 14.8 0.2 0% +12.12%

COT Cott Corp. CANADA 15.4 0.1 0% New Buy

RIMM Research In Motion Ltd. CANADA 0.7 0.0 0% New Buy

HLFHerbalife

CAYMANISLANDS

87.0 1.8 0.03% +87.09%

BIDU Baidu Inc. ADS CHINA 139.7 19.3 0.3% New Buy

ISS iSoftStone Holdings CHINA 690.3 12.8 0.2% +283.53%

FMCN Focus Media Holding Ltd. CHINA 400.0 12.3 0.19% New Buy

CISG CNinsure Inc. CHINA 853.9 11.1 0.17% -42.87%

KH China Kanghui Holdings CHINA 592.0 10.4 0.16%

CTRP Ctri p.com International Ltd. CHINA 244.0 10.1 0.16% +83.70%

EJ EHouse Holdings Ltd. ADS CHINA 497.3 5.8 0.09% +894.53%

NTES NetEase.com Inc. CHINA 88.2 4.4 0.07% New Buy

WX Wuxi Pharmatech Inc. ADS CHINA 250.0 3.9 0.06% New Buy

YOKU Youku.com CHINA 50.0 2.4 0.04% New Buy

JASO JA Solar Holdings Co. Ltd. ADS CHINA 300.0 2.1 0.03% -40.00%

CIS Camelot Information Systems CHINA 125.0 2.1 0.03% New Buy

YTEC Yucheng Technologies Ltd. CHINA 162.0 0.7 0.01% New Buy

ASIA AsiaInfoLinkage Inc CHINA 9.7 0.2 0% New Buy

DMAN DemandTec Inc. DOMINICA 795.4 10.5 0.16% +0.61%

NOK Nokia Corp. ADS FINLAND 383.9 3.3 0.05% New Buy

GBG Great Basin Gold Ltd. Cl A GEORGIA 6,000.0 15.8 0.25% +17.65%

DSX Diana Shipping Inc. GREECE 15.5 0.2 0% +33.62%

DRYS DryShips Inc. GREECE 21.4 0.1 0% New Buy

LFT LONGTOP FINANCIAL TECHNOLOGIES Ltd. Hong Kong 32.7 1.0 0.02% -12.10%

TEVA Teva Pharmaceutical Industries Ltd. ISRAEL 2,134.0 107.1 1.67% -15.54%

CKSW ClickSoftware Technologies Ltd. ISRAEL 1,293.4 11.1 0.17% +75.57%

PKX POSCO ADS KOREA, SOUTH 2.2 0.3 0% -31.25%


http://www.gurufocus.com/stock/PKXhttp://www.gurufocus.com/stock/CKSWhttp://www.gurufocus.com/stock/TEVAhttp://www.gurufocus.com/stock/LFThttp://www.gurufocus.com/stock/DRYShttp://www.gurufocus.com/stock/DSXhttp://www.gurufocus.com/stock/GBGhttp://www.gurufocus.com/stock/NOKhttp://www.gurufocus.com/stock/DMANhttp://www.gurufocus.com/stock/ASIAhttp://www.gurufocus.com/stock/YTEChttp://www.gurufocus.com/stock/CIShttp://www.gurufocus.com/stock/JASOhttp://www.gurufocus.com/stock/YOKUhttp://www.gurufocus.com/stock/WXhttp://www.gurufocus.com/stock/NTEShttp://www.gurufocus.com/stock/EJhttp://www.gurufocus.com/stock/CTRPhttp://www.gurufocus.com/stock/KHhttp://www.gurufocus.com/stock/CISGhttp://www.gurufocus.com/stock/FMCNhttp://www.gurufocus.com/stock/ISShttp://www.gurufocus.com/stock/BIDUhttp://www.gurufocus.com/stock/HLFhttp://www.gurufocus.com/stock/RIMMhttp://www.gurufocus.com/stock/COThttp://www.gurufocus.com/stock/NOAhttp://www.gurufocus.com/stock/RBYhttp://www.gurufocus.com/stock/MGAhttp://www.gurufocus.com/stock/MERChttp://www.gurufocus.com/stock/MIMhttp://www.gurufocus.com/stock/NAKhttp://www.gurufocus.com/stock/SLFhttp://www.gurufocus.com/stock/ABHhttp://www.gurufocus.com/stock/CCJhttp://www.gurufocus.com/stock/TRPhttp://www.gurufocus.com/stock/TDhttp://www.gurufocus.com/stock/EGO


20/21

AGRO Adecoagro SA LUXEMBOURG 27,158.7 366.1 5.7% New Buy

NLSN Nielsen Holdings NETHERLANDS 150.0 4.1 0.06% New Buy

LYB LyondellBasell Industries Cl A NETHERLANDS 29.5 1.2 0.02% -88.20%

NXPI NXP Semiconductors N.V. NETHERLANDS 11.1 0.3 0.01% New Buy

CNH CNH Global N.V. NETHERLANDS 6.6 0.3 0.01% -17.50%

BAP Credicorp Ltd. PERU 47.6 5.0 0.08% New Buy

PHI

Philippine Long Distance Telephone Company ADS

PHILIPPINES 46.0 2.5 0.04% New BuyITUB Itau Unibanco Holding S.A. ADS SAO PAULO 1,352.0 32.5 0.51% New Buy

BSBR Banco Santander Brazil S.A. ADS SAO PAULO 16.2 0.2 0% New Buy

FLEX Flextronics International Ltd. SINGAPORE 105.8 0.8 0.01% +9.87%

VRGY Verigy Ltd. SINGAPORE 6.1 0.1 0%

ALV Autoliv Inc. SWEDEN 4.0 0.3 0% New Buy

WFT Weatherford International Ltd. SWITZERLAND 3,498.7 79.1 1.23% +103.46%

ACE ACE Ltd. SWITZERLAND 24.0 1.6 0.02% +500.00%

TYC Tyco International Ltd. SWITZERLAND 4.9 0.2 0% -65.25%

TKC Turkcell Iletisim Hi zmetleri A.S. ADS TURKEY 86.5 1.3 0.02% +20.98%

AREX Approach Resources Inc. UNITED ARAB

EMIRATES

6.5 0.2 0% -96.75%

VOD Vodafone Group Plc UNITED KINGDOM 178.3 5.1 0.08% -2.73%

AMRN Amarin Corp. PLC UNITED KINGDOM 650.0 4.7 0.07% -42.66%

SIG Signet Jewelers UNITED KINGDOM 17.1 0.8 0.01% -34.73%

BP BP PLC ADS UNITED KINGDOM 6.0 0.3 0% -34.07%

UTIW UTi Worldwide Inc. VIRGIN ISLANDS

(US)

10.4 0.2 0% New Buy

XXIII. ETF Holdings

These are the ETF stocks in the portfolio of George Soros.

Ticker ETF Shares (1000) Value ($Mil) Weighting as of 2011-03-31 (%) Share # Change from Last Period

OIH Merrill Lynch Oil Service HOLDRS Trust 75.0 12.3 0.19% +2,578.57%

GLD SPDR Gold Trust 49.4 6.9 0.11% -98.95%

FXI iShares FTSE/Xinhua China 25 Index Fund 150.0 6.7 0.1% New Buy

GDX Market Vectors ETF Trust Market Vectors Gold Miner 9.8 0.6 0.01% -31.94%


http://www.gurufocus.com/stock/GDXhttp://www.gurufocus.com/stock/FXIhttp://www.gurufocus.com/stock/GLDhttp://www.gurufocus.com/stock/OIHhttp://www.gurufocus.com/stock/UTIWhttp://www.gurufocus.com/stock/BPhttp://www.gurufocus.com/stock/SIGhttp://www.gurufocus.com/stock/AMRNhttp://www.gurufocus.com/stock/VODhttp://www.gurufocus.com/stock/AREXhttp://www.gurufocus.com/stock/TKChttp://www.gurufocus.com/stock/TYChttp://www.gurufocus.com/stock/ACEhttp://www.gurufocus.com/stock/WFThttp://www.gurufocus.com/stock/ALVhttp://www.gurufocus.com/stock/VRGYhttp://www.gurufocus.com/stock/FLEXhttp://www.gurufocus.com/stock/BSBRhttp://www.gurufocus.com/stock/ITUBhttp://www.gurufocus.com/stock/PHIhttp://www.gurufocus.com/stock/BAPhttp://www.gurufocus.com/stock/CNHhttp://www.gurufocus.com/stock/NXPIhttp://www.gurufocus.com/stock/LYBhttp://www.gurufocus.com/stock/NLSNhttp://www.gurufocus.com/stock/AGRO


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XXIV. Preferred Stocks

These are the preferred stocks in the portfolio of George Soros.

Ticker ETF Shares (1000) Value ($Mil) Weighting as of 2011-03-31 (%) Share # Change from Last Period

GM.PB General Motors Co. Mand. Conv. Jr. Pfd. Series B 450.7 21.8 0.34% +32.29%

XXV. Call/Put Option Holdings

These are the option holdings in the portfolio of George Soros.

Ticker Company Call/Put Shares (1000) Value ($Mil) Weighting as of 2011-03-31 (%)

AAPL Apple Inc. call 210.0 73.2 1.14%

FDX FedEx Corp. call 610.0 57.1 0.8889%

C Citigroup Inc. call 1,000.0 44.2 0.6885%

IOC InterOil call 500.0 37.3 0.5813%

SPY SPDR S&P 500 ETF call 280.0 37.1 0.5783%

PBR PETROLEO BRASILEIIRO SA PETROBRAS call 500.0 20.2 0.3149%

ETN Eaton Corp. call 243.0 13.5 0.2098%

T AT&T call 440.0 13.5 0.2098%

GOOG Google Inc. call 22.5 13.2 0.2056%

HSP Hospira Inc. call 200.0 11.0 0.172%

IWM iShares Trust Russell 2000 Index Fund call 122.5 10.3 0.1606%

DAL Delta Air Lines call 1,000.0 9.8 0.1526%

EWJ iShares Japan Index Fund call 910.5 9.4 0.1463%

S Sprint Nextel call 2,000.0 9.3 0.1445%

BMY BristolMyers Squibb Co. call 200.0 5.3 0.0823%

MSI Motorola Solutions call 57.3 2.6 0.0399%

RIMM Research In Motion Ltd. call 30.0 1.7 0.0264%

HNR Harvest Natural Resources Inc. call 100.0 1.5 0.0237%

AKAM Akamai Technologies Inc. call 34.0 1.3 0.0201%

WPRTWestport Innovations Inc

call 33.0 0.7 0.0113%

SPY SPDR S&P 500 ETF put 2,104.0 279.0 4.3453%

EEM iShares MSCI Emerging Market Income ETF put 3,328.0 162.0 2.5229%

IWM iShares Trust Russell 2000 Index Fund put 1,391.3 117.1 1.8241%

AAPL Apple Inc. put 280.0 97.6 1.52%

http://www.gurufocus.com/stock/AAPLhttp://www.gurufocus.com/stock/IWMhttp://www.gurufocus.com/stock/EEMhttp://www.gurufocus.com/stock/SPYhttp://www.gurufocus.com/stock/WPRThttp://www.gurufocus.com/stock/AKAMhttp://www.gurufocus.com/stock/HNRhttp://www.gurufocus.com/stock/RIMMhttp://www.gurufocus.com/stock/MSIhttp://www.gurufocus.com/stock/BMYhttp://www.gurufocus.com/stock/Shttp://www.gurufocus.com/stock/EWJhttp://www.gurufocus.com/stock/DALhttp://www.gurufocus.com/stock/IWMhttp://www.gurufocus.com/stock/HSPhttp://www.gurufocus.com/stock/GOOGhttp://www.gurufocus.com/stock/Thttp://www.gurufocus.com/stock/ETNhttp://www.gurufocus.com/stock/PBRhttp://www.gurufocus.com/stock/SPYhttp://www.gurufocus.com/stock/IOChttp://www.gurufocus.com/stock/Chttp://www.gurufocus.com/stock/FDXhttp://www.gurufocus.com/stock/AAPLhttp://www.gurufocus.com/stock/GM.PB

george soros,s secrets

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