Bearish on China, EU, George Soros is Back Trading; See What His Family Office Was Buying in Q1

#3. Ferrari N.V. (NYSE:RACE)

 – Shares owned by Soros Fund Management (as of March 31): 850,000

 – Value of holding (as of March 31): $35.44 Million

Ferrari N.V. (NYSE:RACE) made its debut on the NYSE in early-January after its spin-off from Fiat Chrysler Automobiles NV (NYSE:FCAU) was completed. Since making its debut, shares of the iconic car brand have lost 8.21% of their value. However, they have been mostly stable in the last three months, trading within the $40-to-$45 range. Though the stock is trading at a reasonable valuation, some analysts are worried about the company’s financial health and are advising investors interested in buying the stock to bide their time. On April 19, analysts at JPMorgan Chase & Co. reiterated their ‘Neutral’ rating on the stock, but upped their price target on it to $51 from $46, which represents potential upside of 17.2%.

#2. Equinix Inc (NASDAQ:EQIX)

 – Shares owned by Soros Fund Management (as of March 31): 206,215

 – Value of holding (as of March 31): $68.2 Million

Soros Fund Management increased its stake in Equinix Inc (NASDAQ:EQIX) by 112% during the first quarter, making the company its sixth-largest stock holding at the end of that period. This move by the fund has quickly paid off, as shares of the data centers company have been on fire for the past several weeks and currently trade up by 23.42% year-to-date. Last month, the company announced that it has agreed to sell eight of its data centers in Europe to Digital Realty Trust, Inc. (NYSE:DLR) for $874 million. Under the terms of the deal, Equinix Inc (NASDAQ:EQIX) was also given an option to buy DLR’s data center in Paris for $125 million. Most analysts who track Equinix are bullish on it, including analysts at Canaccord Genuity, who on May 23 reiterated their ‘Buy’ rating on the stock, while upping their price target on it to $390 from $370. Billionaire Stephen Mandel‘s Lone Pine Capital also increased its stake in Equinix during the first quarter, by 11% to 2.32 million shares.

#1. Barrick Gold Corporation (USA) (NYSE:ABX)

 – Shares owned by Soros Fund Management (as of March 31): 1.92 Million

 – Value of holding (as of March 31): $181.32 Million

Barrick Gold Corporation (USA) (NYSE:ABX) became Soros Fund Management ‘s top stock pick at the end of March, with the fund having initiated a massive stake in the company during the first quarter. The rise in gold prices this year has ignited a rally in Barrick Gold Corporation (USA) (NYSE:ABX)’s stock, which doesn’t seem poised to end any time soon. The stock has appreciated by a whopping 165% in 2016 and is currently trading very close to its 52-week high of $19.73. According to a report published by SNL Metals & Mining on June 9, Barrick Gold Corporation was the lowest cost-producer of gold in the first quarter, with an all-in sustaining cost of $706/ounce, significantly below the industry median of $836/ounce. The stock currently sports an average rating of ‘Overweight’ and an average price target of $22.20 from the 28 prominent analysts and research firms who track it. Another fund that initiated a stake in the gold miner during the first quarter was Bruce Kovner‘s Caxton Associates, which purchased 11.57 million shares of it.

Disclosure: None