Source: MercoPress.com
08.16.2014
George Soros’s 28 billion family office boosted its stake in YPF SA, making Argentina’s largest oil company its biggest U.S.-traded stock holding in the second quarter. Soros Fund Management LLC added 8.47 million shares of YPF, according to a regulatory filing Thursday, bringing its total position to 3.5% of the company’s American depositary receipts.
The position was worth 450 million dollars at the end of June, making Soros the fourth biggest holder. Perry Capital, the 10.9 billion hedge-fund firm run by Richard Perry, and Dan Loeb’s Third Point LLC also added significantly to YPF in the second quarter.
External Link: CLICK HERE FOR FULL ARTICLE.