Billionaire George Soros’ Top Long-Term Holdings

Although Soros Fund’s team had been dumping shares of EQT Corporation (NYSE:EQT)  for the most of 2015, they made a complete U-turn in the fourth quarter and bought approximately 1.36 million shares. According to the fund’s latest 13F filing, it now holds 1.45 million shares worth $75.8 million. Hedge fund interest towards EQT Corporation (NYSE:EQT) has cooled down a bit during the last quarter of 2015, as the number of funds invested dropped to 31 from 39. Billionaire Ken Griffin‘s Citadel Investment Group holds the largest stake in EQT Corporation (NYSE:EQT) among the funds we follow, having reported ownership of 3.32 million shares in its latest 13F filing, down by 4% over the quarter. Robert Polak of Anchor Bolt Capital, on the other hand, felt it was a good time to buy the stock and has boosted his fund’s investment by 51% to 1.72 million shares.

Soros Fund Management first reported a stake in DISH Network Corp (NASDAQ:DISH)  as of the end of the first quarter of 2013. In its latest 13F filing, the fund indicated ownership of a little over 1.3 million shares, having made a small addition to the position. Approximately 12% of DISH Network Corp (NASDAQ:DISH) outstanding stock was held by 52 funds from our database heading into 2016, down from 53 funds a quarter earlier. Boykin Curry of Eagle Capital is also a long-time fan of DISH Network Corp (NASDAQ:DISH), having established his position during the second quarter of 2013. According to its latest 13F filing, Eagle Capital Management held 14.6 million shares of DISH Network at the end of December 2015, up by 9% on the quarter. Jason Karp is also optimistic about the prospects of the company, having increased Tourbillon Capital Partners’ stake by nearly 50% to 5.29 million shares.

Churchill Downs, Inc. (NASDAQ:CHDN) is another long term bet made by Soros Fund’s management team, dating back to the fourth quarter of 2011. At the end of the quarter, the fund’s holding amounted to 387,381 shares reportedly worth $54.8 million. Churchill Downs, Inc. (NASDAQ:CHDN) is not a very popular stock among the hedge funds followed by Insider Monkey, with only 2.8% of them having reported a stake as of the end of December. Still, these investors hold more than a third of the company’s common stock. Having started as a parent company of a horse racetrack, Churchill Downs, Inc. (NASDAQ:CHDN) now runs several racetracks, a number of casinos and also offers online betting services. The company has a market cap of $2.4 billion and pays an annual dividend of $1.15 per share, providing investors with a yield of 0.8%. The stock is currently trading at a P/E ratio of 39.64, a tad larger than the industry average of 31.20. In its latest quarterly report, the company posted $272.4 million in revenues and earnings of $0.43 per share, beating analysts’ expectations.

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