Soros' Holdings Increase, Takes Stake In Ford

[boomerbust]

Source: Reuters

BOSTON (Reuters) - Billionaire investor George Soros' hedge fund reported holdings of $6.2 billion during the third quarter, an increase of $2 billion, after taking a stake in automaker Ford and boosting his holdings in communications services stocks.

According to a regulatory filing on Monday Soros Fund Management took a 7.3 million stake in Ford Motor Co during the third quarter that is valued at $53 million.

Soros also raised his holdings of AT&T to 4.2 million shares at the end of the third quarter, from 791,000, while he raised his stake in Verizon to 4.6 million shares, from 594,853 in the second quarter.



Read more: http://news.moneycentral.msn.com/ticker/article.aspx?Feed=OBR&Date=20091116&ID=10717712&Symbol=F

[boomerbust]

1. 9:00 AM this morning

Ford shares trading at $9 a share. 52 week low $1.01 a share.