For institutional investors, keeping secrets for long is an impossible task. The Securities and Exchange Commission requires these entities to file a 13F, a quarterly filing required of investment managers of assets of $100 million or more, which contains information regarding the asset manager’s investment style and potentially even a list of equities owned.
It’s a good gauge of what an investment company did in the last quarter. Taking a look back at prior quarters can paint a fairly accurate picture of what direction they’re assuming the market will take and how they’re positioning themselves to prepare – long, short, equities, derivatives, and so on.
When an investor like George Soros suddenly increases a bearish position by 605% in a quarter, it raises more than a few eyebrows.
For the quarter ending on June 30th, Soros Fund Management reported a large investment in puts, options that give an
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