Soros Doubles YPF Stake in Argentina’s Nascent Shale Boom

Source: Bloomberg.com
By: Daniel Cancel and Pablo Gonzalez

08.15.2014

George Soros’s $28 billion family office more than doubled its stake in YPF SA, making the state-controlled oil producer its biggest U.S.-traded stock holding two years after Argentina seized control of the company.

Soros Fund Management LLC added 8.47 million shares of YPF in the second quarter, according to a filing yesterday, bringing its position to 3.5 percent of the American depositary receipts. That was worth $450 million at the end of June, making Soros the fourth-biggest holder. The stock rallied today.

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