Published On: Sun, Aug 17th, 2014

George Soros’ 3 Top Q2 Picks

George Soros Stock Picks

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.

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.

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