Meanwhile, ERHC Energy shares fell to a new recent low of $0.351 on miniscule volume of 251,115 shares, also a recent low.
Forbes Magazine revealed the that Soros has increased his holdings in PXD from 1.52 million to 3.99 million shares. It is unclear whether the well-known billionaire, who once made more than a billion in a single currency trade betting against the British pound, is also purchasing ERHC Energy shares, but he has not filed any indication of that with the SEC.
Faces In The News
Billionaire Soros Ups Pioneer Natural Holdings
Greg Levine, 08.16.05, 1:56 PM ET
NEW YORK - Want to think like a billionaire?
Start with George Soros. According to a filing with the U.S. Securities and Exchange Commission, the über-financier has boosted his holdings in Pioneer Natural Resources (nyse: PXD - news - people ) by more than 100%.
Soros Fund Management, founded by the eponymous tycoon, reported in the SEC documentation that it owned 3.99 million shares of Irving, Texas-based Pioneer, as of June 30. That was up from 1.52 million shares at the end of the first quarter.
Pioneer Natural Resources, which produces oil and natural gas in North America and Argentina, has an asset of its own - a human one. On Monday, Pioneer filed a change-of-management 8-K with the SEC announcing that Frank A. Risch was appointed to the board of directors as an independent. Also named to the audit committee and the nominating and corporate governance committee, Risch knows a bit about the petrol business: After nearly 38 years with oil colossus Exxon Mobil (nyse: XOM /news / people), Risch retired as vice president and treasurer in June 2004.
Back to Soros. Ranked No. 55 on the Forbes World's Richest People list, some other stocks he holds are drug firms Adams Respiratory (nasdaq: ARXT /news /people ) and Auxilium Pharmaceuticals (nasdaq: AUXL /news /people ), and discount carrier JetBlue Airways (nasdaq: JBLU - news - people ). Ready to think - and hopefully invest - like a billionaire? Hope this helped.
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