Feb 16 Israeli drugmaker Teva Pharmaceutical
Industries Ltd became the largest single
stock holding for Soros Fund Management LLC, the family office
of billionaire investor George Soros, in the fourth quarter,
according to a Feb. 14 filing with the U.S. Securities and
Soros' holdings of Teva, the world's largest generic
drugmaker, reached just over 9.3 million shares, according to
the filing, which was first reported by Bloomberg News on
That brings Soros' stake to just over $373 million,
according to the SEC filing, or 4 percent of the fund's value.
Earlier this month Teva reported that fourth-quarter
earnings rose 8 percent, thanks to stronger sales of specialty
medicines and U.S. generic drugs.
The company earned $1.42 per share excluding one-time items,
compared with $1.32 a year earlier and beating analysts'
estimates of $1.40. Revenue rose 3 percent to $5.43 billion. The
stock has risen 10.3 percent this year.