George Soros Boosts Platinum Group Metals, Female Health Company Stakes ~ market folly

Tuesday, November 2, 2010

George Soros Boosts Platinum Group Metals, Female Health Company Stakes

Soros Fund Management, George Soros' hedge fund firm, recently filed two 13G's with the SEC. Due to portfolio activity on October 21st, we see that Soros has disclosed a 5.11% ownership stake in The Female Health Company (FHCO) with 1,404,931 shares. This is only a marginal increase in their position at best because they held 1,319,422 back on June 30th of this year. So in the past four months, their position size has only increased 6.4%.

Secondly, George Soros' hedge fund also has disclosed a 9.73% ownership stake in Platinum Group Metals (PLG) with 15,500,000 shares. The above was due to portfolio activity on October 22nd and marks a massive 933% increase in their equity position size since the second quarter.

In other related portfolio activity, we saw that Soros also increased his Plains Exploration & Production position (PXP). Additionally, we highlighted that in early October, Soros Fund Management also bought more Exar (EXAR).

Taken from Google Finance, Platinum Group Metals is "an exploration and development company conducting work primarily on mineral properties it has staked or acquired by way of option agreement in the Republic of South Africa and Ontario, Canada."

The Female Health Company "manufactures, markets and sells the FC2 female condom. FC2 provides dual protection against unintended pregnancy and sexually transmitted infections (STIs), including human immunodeficiency virus/acquired immune deficiency syndrome (HIV/AIDS)."

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