Soros Fund Management has doubled up a bet that the S&P 500 is headed for a fall.Friday’s 13F filings news was the revelation that the firm, founded by legendary investor George Soros, increased a put position on the S&P 500 ETF by 154% in the fourth quarter, compared with the third.
The value of that holding, the biggest position in the fund, has risen to $1.3 billion from around $470 million. It now makes up a 11.13% chunk of all reported holdings. It had been cut to 5.14% in the third quarter, from 13.54% in the second quarter, which itself marked another dramatic lift on the bearish call.
Well he also confirmed my feeling that a big crash is coming up ahead. How long is anybody's guess, mid march or earlier would be my estimate.
The value of that holding, the biggest position in the fund, has risen to $1.3 billion from around $470 million. It now makes up a 11.13% chunk of all reported holdings. It had been cut to 5.14% in the third quarter, from 13.54% in the second quarter, which itself marked another dramatic lift on the bearish call.
Well he also confirmed my feeling that a big crash is coming up ahead. How long is anybody's guess, mid march or earlier would be my estimate.