J.C. Penney, Herbalife
Soros added to its stake in the flailing retailer J.C. Penney, taking its holding to a total of 19.9 million shares. He added a call option on 500,000 shares, implying he expects the stock to rise.
The 9.1 percent position had a market value of $341.4 million at the end of June, according to the firm's second-quarter 2013 13F filing with the U.S. Securities and Exchange Commission, which reveals its long positions.
The 83-year-old hedge fund industry veteran also took a 5 percent position in weight loss and nutritional supplement company Herbalife. He picked up 5 million shares valued at $227.5 million at the end of June, making it Soros's third largest holding.
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Soros's positions on Herbalife and J.C. Penney appear at odds with rival hedge fund manager Bill Ackman, who revealed in December that he had shorted about 20 million shares in a bet against the company, accusing it of being a pyramid scheme. He also filed a complaint with the SEC accusing Soros of insider dealing over his Herbalife trades, sources told CNBC earlier this month.
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Ackman, who founded Pershing Square Capital Management, resigned from J.C. Penney's board this week after a public dispute with other board members on how best to turn the department store's fortunes around.
His bearish move on Herbalife also puts him head-to-head with Carl Icahn of Icahn Enterprises, who bought 611,354 shares of the stock, bringing his stake to just under 17 million shares, according to a separate filing.