Soros Fund Management’s recent 13F filing disclosed the fund has 180 new positions from the last quarter out of 363 total positions. Its top 3 additions in the second quarter were:
1. Consol Energy (CNX): Soros has a $234.4 million stake comprised of 5.09 million shares. The company has a market cap of $9.2 billion, and is in the natural gas industry. The company reported revenues of $937.2 million, which was a 13.2% increase year over year. It also announced a $0.0625 per share dividend increase, in-line with the previous rise in yield.
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2. Google (GOOG): Soros owns 194, 489 shares of Google, for a $111.9 million position. Google reported GAAP net income of $3.42 billion compared to $3.23 billion for the same quarter in 2013. Its non-GAAP revenue came in at $4.18 billion compared to $3.36 billion for the same quarter last year.
3. Level 3 Communications (LVLT) provides global communications services for enterprise clients. Soros owns 1.79 million shares for a position of $75 million. Level 3 reported EPS of $0.37, or a 6 cents earnings beat. Its revenue came in at $1.62 billion, which was a $20 million revenue beat.