George Soros (Trades, Portfolio) in the first quarter had 23% turnover in his stock portfolio with 81 new stocks added. But the top five all came from the same two sectors: oil and gas, and homebuilding and construction.
Stocks uppermost in Soros’ portfolio are from the consumer cyclical sector at 18.4%, technology at 16.8%. The portfolio is valued at $8.98 billion with 212 positions reported.
Soros Fund Management LLC manages primarily Soros’ and his family’s personal wealth.
The firm’s largest new buys of the past quarter were: Noble Energy Inc. (NBL, Financial), Lennar Corp (LEN, Financial), California Resources Corp (CRC, Financial), DR Horton Inc. (DHI, Financial) and PulteGroup Inc. (PHM, Financial).
Noble Energy Inc. (NBL, Financial)
Soros purchased 2,412,422 shares of Noble Energy, a 1.3% portfolio weight. The stock’s average price for the quarter was $47.
Noble Energy Inc. is a Delaware corporation, incorporated in 1969. Noble Energy Inc. has a market cap of $17.37 billion; its shares were traded at around $44.88 with a P/E ratio of 16.6 and P/S ratio of 3.69. The dividend yield of Noble Energy Inc. stocks is 1.6%. Noble Energy Inc. had an annual average earnings growth of 6.8% over the past 10 years.
Soros purchased 1,575,650 shares of Lennar Corp, a 0.91% portfolio weight. The stock’s average price for the quarter was $48.
Lennar Corp was founded as a local Miami homebuilder in 1954. Lennar Corp has a market cap of $9.77 billion; its shares were traded at around $47.60 with a P/E ratio of 16.3 and P/S ratio of 1.35. The dividend yield of Lennar Corp stocks is 0.34%.
California Resources Corp (CRC, Financial)
Soros purchased 10,670,485 shares of California Resources Corp, a 0.9% portfolio weight. The stock’s average price was $6.
California Resources Corp has a market cap of $3.09 billion; its shares were traded at around $8.00 with and P/S ratio of 0.84. The dividend yield of California Resources Corp stocks is 0.13%.
DR Horton Inc. (DHI, Financial)
Soros purchased 279,6105 shares of DR Horton Inc., a 0.89% portfolio holding. The company’s share price averaged $26 for the quarter.
DR Horton Inc. is a Delaware corporation, incorporated in 1991. DR Horton Inc. has a market cap of $9.67 billion; its shares were traded at around $26.38 with a P/E ratio of 16.8 and P/S ratio of 1.0. The dividend yield of DR Horton Inc. stocks is 1.0%.
PulteGroup Inc. (PHM, Financial)
Soros purchased 3,169,581 shares of PulteGroup, a 0.78% portfolio weight. The stock’s price averaged $22 in the quarter.
PulteGroup Inc. is a Michigan corporation organized in 1956. Pultegroup Inc .has a market cap of $7.24 billion; its shares were traded at around $19.87 with a P/E ratio of 16.0 and P/S ratio of 1.30. The dividend yield of Pultegroup Inc. stocks is 1.30%.
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