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..