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Soros' holdings increase, takes stake in Ford
By: Reuters | 16 Nov 2009 | 09:50 PM ET
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BOSTON (Reuters) - Billionaire investor George Soros' hedge fund reported holdings of $6.2 billion during the third quarter, an increase of $2 billion, after taking a stake in automaker Ford and boosting his holdings in communications services stocks.

According to a regulatory filing on Monday Soros Fund Management took a 7.3 million stake in Ford Motor Co <F.N> during the third quarter that is valued at $53 million.

Soros also raised his holdings of AT&T <T.N> to 4.2 million shares at the end of the third quarter, from 791,000, while he raised his stake in Verizon <VZ.N> to 4.6 million shares, from 594,853 in the second quarter.

He also raised his stake in retailer Wal Mart <WMT.N> Stores to 1.1 million shares valued at $54.8 million.

Soros cut his stake in Petroleo Brasileiro SA <PETR4.SA> (PBR), or Petrobras, to 7.4 million shares from 9.8 million shares.

(Reporting by Svea Herbst-Bayliss; editing by Carol Bishopric)

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