Value of Soros Fund’s U.S. Portfolio Falls 50%

George Soros said the value of his Soros Fund Management’s U.S. stock portfolio fell by more than half to $3.9 billion in the third quarter ended Sept. 30, from $8 billion on June 30, according to a quarterly filing with the Securities and Exchange Commission. The filing did not explain the decline, which could represent sales of significant stock holdings, the effects of falling share prices or decisions to move parts of the portfolio from public SEC filings to a confidential report that some money managers are permitted to submit to the agency. In the SEC filing, the billionaire hedge fund manager reported holding 148 stocks on Sept. 30, down from 247 stocks at the end of the previous quarter. Soros Fund Management is one of the largest hedge fund operators, with about $16 billion in assets under management.