Soros Fund Takes Stock in XM Sirius
Soros Fund Management LLC, the investment arm of billionaire George Soros, reported holdings of $2.9 billion in the third quarter, including a $33.9 million stake in distressed mortgage lender Countrywide Financial Corp., according to a regulatory filing Wednesday. In the filing with the Securities and Exchange Commission, Soros reported owning about 1.8 million shares of the Calabasas, Calif.-based company.
The financier also acquired 1.2 million shares of Sirius Satellite Radio Inc. and 103,265 shares of XM Satellite Radio Holdings Inc. in the third quarter. Soros’ largest reported stake is in Brazilian mining company Companhia Vale de Rio Doce. Soros holds 15.1 million American Depositary Receipts valued at $513.6 million. He also reported significant stakes in AT&T Inc., Amazon.com Inc., Apple Inc., Bluefly Inc., Coca Cola Co., Colgate Palmolive Co., Halliburton Co., ICICI Bank Ltd., JetBlue Airways Corp., Level 3 Communications Inc., Mercury Computer Systems, Microsoft Corp., PDL BioPharma Inc., Verizon Communications, and Navios Maritime Holdings Inc., among others.
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