Fund Flow Alert: Steve Cohen and SAC Capital’s Newest Positions

SAC Capital has filed its latest 13F filing, and we can infer from it that Steve Cohen remains bullish on several sectors of the economy.  Following are some highlights gleaned from this report:

SAC added to its positions in:

  • Apple (NASDAQ:AAPL): total holdings are now approximately $315 million.  SAC bought around 500,000 shares to increase its stake into the computer maker to around 876,000 shares.
  • Genzyme Corp. (NASDAQ:GENZ): total holdings are now approximately $467 million.  SAC bought around 1,600,000 shares to increase its stake in the biotech firm to around 6,500,000 shares.
  • Alcon (NYSE:ACL): total holdings are now approximately $580 million.  SAC bought around 184,000 shares to increase its stake in the eye care company to around 3,500,000 shares.
  • Human Genome Sciences (NASDAQ:HGSI): total holdings are now approximately $199 million.  SAC bought around 3,600,000 shares to increase its stake in the biotech firm to around 7,800,000 shares.
  • BP (NYSE:BP): total holdings are now approximately $80 million.  SAC bought around 1,700,000 shares.
  • Sprint Nextel (NYSE:S): total holdings are now approximately $100 million.  SAC bought around 10,300,000 shares to increase its stake int he telecom firm to around 22,200,000 shares.
  • Goldman Sachs (NYSE:GS): total holdings are now approximately $15 million.  SAC bought around 86,000 shares to increase its stake in the financial services company to around 90,000 shares.
  • Other companies in which SAC Capital acquired stakes were: Microsoft (NASDAQ:MSFT); Amazon (NASDAQ:AMZN); Dendreon (NASDAQ:DNDN); AES (NYSE:AES); DirectTV (NASDAQ:DTV); Nabors (NYSE:NBR); Walgreens (NYSE:WAG); Textron (NYSE:TXT); Berkshire Hathaway (NYSE:BRKA).

SAC decreased its positions in:

  • General Electric (NYSE:GE): total holdings are now approximately $122 million, or around 5,600,000 shares.
  • Plains Exploration (NYSE:PXP): total holdings are now approximately $348 million, or around 9,000,000 shares.
  • BJ’s Wholesale Club (NYSE:BJ): total holdings are now approximately $49 million, or around 1,000,000 shares.
  • Discovery Communications (NASDAQ:DISCA): total holdings are approximately $104 million, or around 2,600,000 shares.
  • Time Warner Cable (NYSE:TWC): total holdings are approximately $37 million, or around 567,000 shares.
  • Other companies in which SAC Capital sold stakes were: Hertz Global (NYSE:HTZ); PepsiCo (NYSE:PEP); United Technologies (NYSE:UTX).

SAC’s Top 10 holdings are:

  1. Alcon (NYSE:ACL)
  2. Genzyme Corp. (NASDAQ:GENZ)
  3. Plains Exploration (NYSE:PXP)
  4. Apple (NASDAQ:AAPL)
  5. Danaher (NYSE:DHR)
  6. Dendreon (NASDAQ:DNDN)
  7. Human Genome Sciences (NASDAQ:HGSI)
  8. EMC (NYSE:EMC)
  9. Pride International (NYSE:PDE)
  10. Fossil (NASDAQ:FOSL)

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