Soros Fund Management sharply cut its shares in the world's biggest gold exchange-traded fund, SPDR Gold Trust (GLD), according to quarterly SEC filings. The George Soros run group also nearly doubled down on its bearish U.S. stock market bet. (WSJ-subscription)
Berkshire Hathaway (BRK.A), run by Warren Buffett, increased its stake in Apple (AAPL) by 55 percent as of June 30, regulatory filings revealed, even as prominent investors like Soros and Carl Icahn shed theirs. Berkshire also cut its stake in Wal-Mart (WMT). (CNBC)
Rite Aid (RAD) and Hertz Global (HTZ) represent new investments for Greenlight Capital, according to filings. David Einhorn's hedge fund also increased its General Motors (GM) stake, cut its Apple stake by 16.5 percent, and dissolved its Macy's stake. (M) (Reuters)
Hedge fund ValueAct, run by Jeff Ubben, took a $1.1 billion stake in Morgan Stanley (MS), according to regulatory filings. Ubben praised Morgan CEO James Gorman, even as the bank's stock performance lagged that of the S&P 500 this year.