Soros and MGM Stock … Knew Right When to Short the Stock!

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Soros manages an investment fund that has to file quarterly statements with the SEC to disclose its positions.

On 8/14, he filed a 13f. The one previous to that was filed on 5/15. By looking at these two forms, we can see the changes he made to the portfolio during that time.

When it comes to gambling stocks, he does not seem too interested, OTHER THAN MGM.

5/15:

LVS (Las Vegas Sands, Sheldon Adelson’s casinos) – Soros owned 5,000 shares.

WYNN (Wynn Resorts, Steve Wynn’s casinos) – Soros owned 3,500 shares.

MGM – Soros held no position.

HERE

8/14:

LVS – Soros sold 1,400 shares, leaving him with 3,600.

WYNN – Soros sold all 3,500 shares, leaving him with no position.

MGM – Soros bought put options, which means he was short the shares, to the tune of 1,350,000 shares.

HERE

It’s not hard to predict the future when you create it.

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