Soros Buys Stake in Wal-Mart Stores, Adds to SPDR Gold
This article is for subscribers only.
The $25 billion Soros Fund Management LLC added a new position in Wal-Mart Stores Inc. in the second quarter and increased its holding in a gold fund, according to a regulatory filing.
The family office for billionaire George Soros added 4.8 million shares in the world’s largest retailer, valued at $337 million as of June 30, according to the filing today with the U.S. Securities and Exchange Commission. The Bentonville, Arkansas-based Wal-Mart is now Soros’s largest U.S. stock holding, according to data compiled by Bloomberg.