can't say what he is doing out of sight, but what shows on paper hints at events likely on the horizon:

"This week investors took notice again when Soros sold his shares of three major American banks, including Bank of America, JP Morgan and Citigroup.

The Wall Street Journal reported that “George Soros dumped his stakes in banks and went for tech and gold miners in the first quarter, according to a filing with the Securities and Exchange Commission Thursday. Soros sold his holdings in Citigroup (NYSE:C) , J.P. Morgan (NYSE:JPM) and Bank of America (NYSE:BAC)”

Read more at http://intellihub.com/george-soros-sells-shares-citigroup-bank-america-jp-mor...