Soros bought CVS, Rite Aid, Halliburton in Q4 (1.9 Million Shares of Halliburton)

[meganmonkey]

WASHINGTON, Feb 14 (Reuters) - Billionaire investor George Soros said on Wednesday he bought 2.1 million shares of CVS Corp (CVS.N: Quote, Profile , Research) and 1 million shares of Rite Aide (RAD.N: Quote, Profile , Research) in the fourth quarter of 2006.

Soros also added 1.9 million shares of Halliburton (HAL.N: Quote, Profile , Research) and 1 million shares of Take-Two Interactive Software (TTWO.O: Quote, Profile , Research) to his portfolio during the quarter.

Soros Fund Management LLC disclosed its holdings as of Dec. 31, 2006 in a quarterly filing with the U.S. Securities and Exchange Commission.


http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2007-02-14T233646Z_01_WAO000067_RTRIDST_0_SOROS-HOLDINGS-ADDITIONS-URGENT.XML&rpc=66&type=qcna

[mconvente]

1. shrug...

:shrug:

[meganmonkey]

3. Considering he donated $20 million dollars to liberal/progressive 527s in 2004

I think it is relevant to know where some of that money is coming from, what his investments are...

Shit, for all we know he is planning on taking over the company, LOL. Otherwise, it seems a little ironic to me.

[bbinacan]

2. Soros is

a fucking hypocrite.

[w4rma]

4. Soros knows where to invest to make loads of money. (nt)

[alfredo]

8. You can say he is taking Halliburton's money and turning it

over to Progressive causes.

It's like ripping off a man's arm and beating him with it.

[bbinacan]

11. LOL n/t

[Canuckistanian]

5. So, does he get to go to the Halliburton AGM?

That might be worth it for him to speak his mind.

[TheDebbieDee]

6. Feb 14th........Is this really late-breaking news?

Anyway, the conclusion of several of the many DU threads that discussed Soros' purchase of the Halliburton stock is that it was possibly done in order to become a controlling member of Halliburton.

[meganmonkey]

7. Oh shit, my bad

I got to that link from a blog posted today, didn't realize it was old news...

[natrat]

9. wow that is really bad taste

[cosmicdot]

10. what's in your pocket?

those 2 Big Pharma and 1 Big War-Oil-Prison Profiteer investments = $135 million market value

the grand total of stock purchases in the 4th quarter: $3,070,333,000

the quarterly Form filed with the SEC listing all of Soros' transactions
http://www.sec.gov/Archives/edgar/data/1029160/000092153007000147/form_13f-soros.txt

he obviously can put food on the family


Soros was one of the pioneer investors in The Carlyle Group.
The Wayback Machine's 1999 link to Carlyle's website.
http://web.archive.org/web/19990208020830/http://www.thecarlylegroup.com/


Not Soros related but noteworty

R. K. Mellon Family

In addition to its own unique network of relationships, Carlyle directly benefits from the equally unique network of its minority owner, the Richard King Mellon Family. The R. K. Mellon Family is one of the nation's oldest and most respected investors and allows Carlyle to share in its substantial deal generating capacity. Among the companies which the R. K. Mellon Family helped found are The Mellon Bank, Gulf Oil, Alcoa, and First Boston. Currently the R. K. Mellon Family has extensive investments throughout the U.S. and international markets, as does the Richard King Mellon Foundation.

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The Global Network

The sophisticated nature of Carlyle's over 100 global investors yields many non-competitive and strategic corporate acquisitions. Many of our transactions flow through a pipeline of global investors, each with a local geographic perspective. Carlyle considers the following premier private equity investors, among others, as investment partners with longstanding relationships:

American International Group ("AIG") Maurice Greenberg, Chair of the Nixon Center
Bank of America
Bank Austria
Bank Indosuez
Bank of New York
Bankers Trust
Boeing
CalPERS
Champion International
Chase Manhattan
Citicorp
Credit Lyonnais
Credit Suisse
Dresdner Bank
Equitable Companies
Florida State Board of Administration
Gannett Company
General Motors Investment Management Corp.
Government of Singapore Investment Corp.
IKEA
Kuwait Investment Authority
Los Angeles County Retirement Association
Michigan Department of Treasury
NYNEX
NationsBank
Northrop Grumman Corp.
Northwestern Mutual Life
Pacific Telesis Group
Soros Capital
Swiss Reassurance Corp.
University of Chicago
University of Texas - I'm sure there are Bu$h as Governor connections here (see Tom Hicks and UTIMCO
http://www.utwatch.org/utimco/hicks.html)

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Also of interest considering the state of affairs w/Saudi Arabia

The Carlyle Group is the official Advisor to the Saudi Economic Offset Program. In this capacity, Carlyle actively identifies, structures and helps implement viable joint venture in the Kingdom.

The Saudi Arabian Economic Offset Program (EOP) is an innovative investment program established in 1984 to help form profitable businesses in Saudi Arabia. Designed to attract foreign investment, the program encourages joint ventures between foreign and Saudi companies which:

* diversify the industrial base
* transfer technology
* strengthen the private sector
* employ Saudis
* reduce reliance on imports
* use local raw materials

More than fourteen Saudi Offset companies had been formed or are under formation, representing approximately $700 million in total investments and employing more than 1,600 people.

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of course, when you invest in The Carlyle Group, the money's tentacles reach into other companies and their policies -- from Nextel to Quaker Oats -- since TCG's heavy hitters sit on companys' Boards of Directors, including The New York Times, to strenghten 'control' and influence. Are those corporate goals in sync with liberal/progressive causes?

[GrantDem]

12. I'm just speculating but...

It could be a similar strategy to that of the AFL-CIO. They buy shares of companies so they can have some influence. Usually not very much influence but they can create a little inconvenient disruption.

Just a thought.