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When George Soros speaks..

February 15th, 2011 · 1 Comment

We listen. When he acts, we take notice. Once again he upped his stake in InterOil, 
The Filing: George Soros holds 4,746,262 shares in InterOil

Yes, that’s 10.01% of the outstanding shares, 600K more than last quarter..

It’s now his second biggest equity holding, after the SPDR gold EFT. So it’s is biggest stockholding, as gold really is a commodity.

Apparently, there is something George likes about InterOil..

And he’s not the only one. After we reported the highly regarded American Fund took a significant stake (6%) of some 3M shares

And, of course, there is Wells Fargo, with a cool 5.283M shares..

Tags: IOC

1 response so far ↓

  • 1 kencooksam // Feb 15, 2011 at 6:21 pm

    The smart money is adding.