On September 16, 1992, Soros's fund sold short more than USD 10 billion worth of pounds sterling, profiting from the Bank of England's reluctance to either raise its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries or to float its currency. Finally, the Bank of England withdrew the currency from the European Exchange Rate Mechanism, devaluing the pound sterling. Soros earned an estimated worth of USD 1.1 billion in the process. He was dubbed "the man who broke the Bank of England." UK Treasury estimated the total costs of Black Wednesday at GBP 3.4 billion in 1997.
Here is a top 30 list of his investment positions as of December 31, 2010. Soros Fund Management LLC was valued at USD 4.77 billion. Compared to the previous quarter, this represents an increase of 23.6 percent.
During the quarter George Soros had 813 total positions.
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These are the details of George Soros's top stock initiations, closings, buys, and sells:
Top positions closed out by George Soros: MSI, MTD, MWW, TRN, TXRH
Top positions initiated by George Soros: BBY, GM, ARX, GBX, FDML, URS
Top positions decreased by George Soros: MON, WFT, CTV, PXP, CTL
Top positions increased by George Soros: DAL, DNDN, CCE, WMT, PLG, WPRT
Related stock ticker symbols:
GLD, IOC MON, DAL, NG, PXP, DNDN, TEVA, EM, AAPL, WPRT, KGC, BBY, IAU, CCE, LWSN, QCOM, DTV, C, WMT, EXAR, CMCSA, F, JPM, MOT, WFT, VZ, GOOG, YHOO, M