From Newsmax:

George Soros apparently believes in economic recovery - for the retail sector at least.

His Soros Fund Management increased its holdings of retailers in the first quarter. But he’s not so bullish on financials, whose shares he dumped.

The fund’s value dipped 2 percent in the first quarter, to $4.51 billion in total.

While losses are generally nothing to brag about, Soros essentially matched the S&P, which fell 1.7 percent in the first three months.

The retailers in which Soros increased his stake include Home Depot, Lowe's, Macy's, Wal-Mart and Walgreen Co., according to a filing with the Securities and Exchange Commission.

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