market folly

Playing catchup on some European regulatory filings, we find that George Soros' hedge-fund-turned-family-office Soros Fund Management has recently submitted a filing on Guinness Peat Group (LON: GPG).  Due to trading on August 23rd and 24th, Soros Fund has revealed an 8.21% holding in GPG.

In other recent portfolio activity, we've also highlighted Soros' new stake in Manchester United (MANU).

Per Google Finance: "Guinness Peat Group plc (GPG) is an investment holding company. GPG’s investments in range of sectors include financial services, food processing, building materials, property development and pub operators.

Its subsidiaries include GPG (UK) Holdings plc, which is an investment company; Coats plc, which is engaged in thread manufacture; Guinness Peat Group (Australia) Pty Ltd, which is an investment company; CIC Australia Ltd (CIC), which is engaged in property development; Gosford Quarry Holdings Ltd, which is a quarry operator; Touch Holdings Ltd, which is engaged in electronic products and services, and Turners & Growers Ltd (T&G), which is a fresh food wholesaler. On March 15, 2011, Turners & Growers Ltd acquired Inglis Horticulture Ltd (Inglis). In April 2012, GPG sold its remaining interest in Ashley House plc. In May 2012, it sold its remaining interest in Shepherd Neame Ltd. In July 2012, it sold its remaining shares in Daniel Thwaites PLC."


For wisdom from the legendary manager, be sure to check out George Soros' best investment advice.