Friday, February 4, 2011

Soros Fund Management Adds to Harvest Natural Resources (HNR)

From Market Folly:
George Soros' investment firm, Soros Fund Management, just filed a 13G with the SEC regarding shares of Harvest Natural Resources (HNR). Per portfolio activity on January 24th, 2011, Soros has disclosed a 5.94% ownership stake in HNR with 2,008,417 shares.

This marks a 241% increase in their position size as the hedge fund owned 588,100 shares at the end of September last year. In addition to Soros, one of the largest institutional holders of HNR shares is value investor Mohnish Pabrai.

Soros often takes stakes in energy and natural resource plays as we detailed their new stake in San Leon Energy and an increase in their position in Aurelian Oil & Gas as well....MORE MF grabbed one of the funnier Soros pictures while we prefer to use:

"You have my word as a hedge fund manager...."
[George Soros]