George Soros is a legendary investor who needs no introduction. George Soros has a net worth of over $8 billion. His hedge fund Soros Fund Management managed about $3.3 billion as of the end of the fourth quarter. Following are some of the most important picks of George Soros based on the 13F filings of his hedge fund as of the end fourth quarter of 2018.
MONDELEZ INTERNATIONAL INC (NASDAQ: MDLZ)
George Soros’ fund acquired 762,100 more shares of Mondelez in the fourth quarter of 2018. The fund now owns about 1.3 million shares of the food and beverage company. The total worth of the stake is $52.19 million. However, Mondelez is currently facing pressure amid high costs and a threat from Amazon in the packaged foods industry. Bernstein recently warned investors that Mondelez is not prepared for the Amazon onslaught on the food industry. Mondelez is desperately attempting to cut costs and improve margins. In the fourth quarter, the company led to an adjusted gross margin improvement of 90 basis points on a year-over-year basis.
Philip Morris International Inc. (NYSE: PM)
Soros Fund Management initiated a new stake in Philip Morris International in the fourth quarter of 2018, buying 590,000 shares of the company, having a total worth of $39.3 million. Last month, UBS increased its rating for Philip Morris to “Buy” from “Neutral.” The firm also lifted its price target to $101. However, it’s important to note that on March 4 the company cut its full-year guidance to adjust for class action lawsuits in Quebec. The most significant benefit Philip Morris has over other companies is the company’s high exposure to international markets, where FDA’s tighter restrictions don’t apply.
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T-Mobile Us Inc (NASDAQ: TMUS)
George Soros is bullish on T-Mobile Us, as the billionaire’s hedge fund bought 491,000 shares of the company. The net worth of this stake is over $34 million. The company is currently in the headlines as it is planning a big $26.5 billion merger with Sprint. The post-merger scenario will be full of risks, but the stock is worth holding for long-term opportunities.
Verizon Communications Inc. (NYSE: VZ)
Another telecom stock in George Soros’ basket is Verizon. Soros Fund acquired 612,315 shares of the company, having a net worth of about $34.42 million. In January, Verizon posted a net income of $2.1 billion for the fourth quarter of 2018. Adjusted earnings per share increased to $1.12 from 86 cents and came in above the Street’s estimates. On March 8, Verizon declared a dividend of $0.6025 per share.
The author does not have an investment in stock discussed in this article.