Soros Fund Boosts Mercury Systems Stake ~ market folly

Monday, November 4, 2013

Soros Fund Boosts Mercury Systems Stake

George Soros' family office Soros Fund Management has filed a 13G with the SEC regarding their stake in Mercury Systems (MRCY).  Per the filing, Soros has revealed a 5.02% ownership stake in MRCY with 1,666,666 shares.

This means their equity stake has increased to the tune of 400,000 shares since the end of the second quarter, or around a 32% boost from their last disclosure.  The latest filing was required due to portfolio activity on October 22nd. 

This has been a longstanding position for Soros as we covered their stake back in 2009, when they owned equity and also convertible notes.

Per Google Finance, Mercury Systems is "formerly Mercury Computer Systems, Inc., designs, manufactures and markets real-time digital signal and images processing sub-systems and software for specialized defense and commercial markets. The Company's solutions are involved in a range of applications, processing and transforming sensor data to information for storage, analysis and interpretation. In military reconnaissance and surveillance platforms, the Company's sub-systems receive, process, and store real-time radar, video, sonar and signals intelligence data. The Company operates in two segments: Advanced Computing Solutions and Mercury Federal Systems."

For more on this firm, head to Soros Fund's recent portfolio activity.

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