Warren Buffett & George Soros

Everyone is talking about the recent buys and sells from Warren Buffett & George Soros, so I suppose it is worth commenting upon.

According to a recent filing, George Soros added exposure to the market by showing previously undisclosed positions in Intel (INTC), Amazon.com (AMZN) and eBay (EBAY) and an increased stake in Microsoft (MSFT).

Meanwhile, in a SEC filing, Berkshire Hathaway, the Warren Buffett controlled company, revealed a 30 million share stake in Ameriprise (AMP), the financial services arm of American Express (AXP). It also appears the company increased its stake in Home Depot (HD) and Tyco International (TYC) while decreasing its stake in troubled retailer Pier One (PIR) and Shaw Communications, the Canadian communications company.

Clearly, both market gurus like the big cap variety no doubt due to the size of positions they must hold. The only unique position in this group is in Ameriprise (AMP), which has some interesting qualities. I've never really understood Buffett's facination with Pier 1 (PIR) and it appears he's coming to terms with that as well. As for Soros turning bullish on tech - well, George, welcome to the party. So is just about everyone else these days. The only big shocker is that neither have bought into the Google (GOOG) phenomenon, at least not yet!