Billionaire investor George Soros sold out of Google in the first quarter of the year but built positions in US financials, latest filings reveal.
Soros Fund Management, which no longer invests on behalf of external clients, increased its position in US financials by 7% in Q1 2012, buying into J. P. Morgan, Goldman Sachs, Regions Financial and Suntrust Banks. Soros (pictured) bought 606,000 shares in J. P Morgan during the quarter, according to a regulatory filing, a stake worth $28m as of the end of March. Shares in the US bank fell 11.5% last week after it revealed a $2bn trading loss within its chief investment office. The manager also added a $77m position in Suntrust, a $15m holding in Regions Financial and a $15m stake in ...
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