George Soros Dumps Airlines, Sticks With Ackman On J.C. Penney

Legendary hedge fund manager George Soros made some interesting moves last quarter according to his most recent 13F filing. The billionaire sold off much of his stock in airlines in the three months, and made some interesting moves in positions he shares with Bill Ackman.

Following Ackman’s footsteps

Soros famously bought a big stake in J.C. Penney Company, Inc. (NYSE:JCP) a few months ago. Bill Ackman also holds more than 17% of the struggling retailer. Soros has boosted his stake up to almost 20 million shares in the second quarter.

Soros is...

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