Skip to comments."Soros Put" Hits Record As Downside Hedge Rises By 154% To $1.3 Billion (Bet's big market crashes)
Posted on 02/17/2014 6:11:16 PM PST by Beave Meister
A curious finding emerged in the latest 13F by Soros Fund Management, the family office investment vehicle managing the personal wealth of George Soros.
Actually, two curious findings: the first was that the disclosed Assets Under Management as of December 31, 2013 rose to a record $11.8 billion (this excludes netting and margin, and whatever one-time positions Soros may have gotten an SEC exemption to not disclose: for a recent instance of this, see Greenlight Capital's Micron fiasco, and the subsequent lawsuit of Seeking Alpha which led to the breach of David Einhorn's holdings confidentiality).
The second one is that the "Soros put", a legacy hedge position that the 83-year old has been rolling over every quarter since 2010, just rose to a record $1.3 billion or the notional equivalent of some 7.09 million SPY-equivalent shares. Since this was an increase of 154% Q/Q this has some people concerned that the author of 'reflexivity' and the founder of "open societies" may be anticipating some major market downside.
Then again, as the chart below shows, as a percentage of total AUM, the put position rose to 11.1% of his notional holdings. By way of reference, as of June 30 2013, his SPY put may have had a smaller notional value, but it represented both more shares (7.8 million), and was far greater as a % of AUM, at 13.5%.
(Excerpt) Read more at zerohedge.com ...
Does Soros even have a dog to take with him on vacations?
During the impeachment of Clinton, Soros vowed to bring down the dollar. It has taken him nearly two decades, but he is succeeding.
So did Osama bin Laden, at around the same time.
can’t soros just rollover and play dead?
His voracious lust for both money and trouble are getting old
It is easy to make money with the Whitehouse providing insider trading information.
Old lefties seem to go on forever.
I remember when BJ Clinton left office how many people on here claimed he was deathly ill and would only last a few years.
Even Ted Kennedy who personally kept a distillery in business made it to 77.
I keep trying to figure out how Soros is connected to the anti Christ.
Seems like a suckers bet, Soros may finally be losing his touch.
Soros is very smart. He backed both Obama and
Romney, his long term partner.
His puppets performed well.
I’m to the point that I don’t think anyone in the whitehouse actually knows anything they just do as they’re told
Im betting that Soros has his own staff of “health professionals” on hand 24/7
if there are enormously expensive exotic treatments that none of us have ever heard of...soros has had them!
I hope he loses his ass, then croaks.
At the hip.
when I first sat the title I thought it was about Percy Sledge..
These numbers are too big for me to fathom. But, what do you make of Warren Buffet recently putting $9 million into GE stock?
When Buffett does this it’s because he is a publicly traded company, and he has a fiduciary responsibility to his shareholders. Don’t confuse politics for profit. $9 million is walking around money for a guy like him. It might be window dressing for something else.
Maybe. But I am not selling my stock in GE. :-)
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