George Soros has sold down all his gold holdings and has stocked up on unloved retailer JC Penney, nutrition supplement firm Herbalife, and tech giant Apple.
According to a regulatory filing with the SEC covering the second quarter, Soros (pictured) picked up 19.9m shares in JC Penney, with a call option on 500,000 shares, suggesting he expects the stock to soar. He has also added more than 5m shares in Herbalife - a big short of his rival Bill Ackman, who has filed a complaint with the Securities and Exchange Commission accusing Soros of insider dealing over his Herbalife trades. Soros has also increased his position in Apple to 66,800 shares, as well as upping his position in technology giant Google, his portfolio's third largest holdin...
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