(WSJ) Billionaire investor George Soros’s Soros Fund Management LLC reported new stakes in retail heavyweight Wal-Mart Stores Inc. WMT +0.83% and Facebook Inc. FB -5.65% , while eliminating positions in big banks J.P. Morgan Chase & Co. JPM +0.30% , Goldman Sachs Group Inc. GS -0.34% and Citigroup Inc. C -0.03% in the second quarter.
The famed investor, who once dubbed gold “the ultimate asset bubble,” also boosted his holdings in the precious metal, raising his stake in the SPDR Gold Trust (GLD), a gold-backed exchanged-traded fund, to 884,400 shares, from 319,550 shares in the prior period, according to a regulatory filing. The position was valued at $137.3 million at June 30.
Wal-Mart, which reports second-quarter results on Thursday, was the third-largest position in the fund’s portfolio. Mr. Soros’s new stake in the retailer was 4.8 million shares, worth $337 million.