GO
Loading...

Enter multiple symbols separated by commas

Soros Hedge Fund Takes Stake in Ford Motor

Soros Fund Management, the hedge fund run by billionaire investor George Soros, increased its holdings in U.S. stocks to $6.2 billion from $4.2 billion and bought a stake in Ford Motor.

The Soros fund, based in New York, bought 7.3 million shares of Ford Motor that were worth about $53 million, according to a regulatory filing made with the Securities and Exchange Commission on Tuesday.

The news sent Ford shares surging to $9 on Tuesday, the stock's highest point since October 2007.

The fund also increased its stake in AT&T to 4.2 million shares worth $113.7 million from 791,000 shares worth about $19.6 million.

It raised its investment in the Home Depot to 942,000 shares worth $25.1 million from 190,500 shares worth $4.5 million, and it increased its stake in Lowes to 1.8 million shares worth $37.7 million from 579,900 shares worth $11.3 million.

The Soros fund also boosted its holdings in Wal-Mart Stores to 1.1 million shares worth $54.8 million from 89,710 shares worth $4.3 million.

Contact Autos

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.