The third quarter 13F filing for Steve Cohen’s SAC Capital Advisors shows that the hedge fund purchased 447 new stocks and increased its holdings in 589 other stocks. It sold out of 471 stocks and reduces its holdings in 770 other stocks. The firm manages over $20B in assets.
The leading stocks in Sac Capital’s portfolio are Sirius XM Radio Inc (NASDAQ:SIRI), American International Group, Inc. (NYSE:AIG), Anadarko Petroleum Corporation (NYSE:APC), Gilead Sciences, Inc. (NASDAQ:GILD) and Tiffany & Co. (NYSE:TIF).
Relying On Old-Fashioned Stock Picking, Lee Ainslie Reports His “Strongest Quarter” Ever
Lee Ainslie's Maverick Fund USA enjoyed its "strongest quarter in the fund's history" during the three months to the end of June. According to a copy of the firm's second-quarter letter to investors, which ValueWalk has been able to review, Maverick Fund USA gained 18% in the second quarter. Following this performance, the fund was Read More
Adds And Increases
One of the largest increases for the firm was American International Group, Inc. (NYSE:AIG), which it increased by more than 8.5 million shares. Other major position increases include MGM Resorts International (NYSE:MGM) and Marathon Oil Corporation (NYSE:MRO), and RadioShack Corporation (NYSE:RSH).
The firm purchased shares of Fossil, Inc. (NASDAQ:FOSL), Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX) and Marathon Petroleum Corp (NYSE:MPC) during the third quarter.
Sell-Offs And Reductions
The firm reduced its shares of Alcoa Inc. (NYSE:AA), Southwest Airlines Co. (NYSE:LUV), Microsoft Corporation (NASDAQ:MSFT).
Sac Capital sold out of Lockheed Martin Corporation (NYSE:LMT) and Eli Lilly & Co. (NYSE:LLY).