SAC Capital, founded by Steven Cohen, in its latest 13F, revealed an equity portfolio worth $17.22 billion as at the end of the fourth quarter of 2013, down from $18.48 billion reported for the previous quarter. The fund uses fundamental and quantitative analysis based approach. Though it is not a sector specific hedge fund, the current investments favor the Services, Basic Materials and Technology sectors with more than 50% of the equity portfolio put in these sectors. The latest 13F filing shows that SAC Capital has initiated around 450 new positions, and sold out 45o others.
The analysis shows that SAC Capital’s highest holding is in Amazon.com, Inc. (NASDAQ:AMZN), with $200.87 million in approximately 503,000 shares in the company. Amazon.com will be adding about 2,500 full time employees to its payroll in the U.S. The company already has 117,300 full time and part time employees globally as on December 31, 2013. The new employees will be paid competitive wages and will be working at its fulfillment centers across the U.S.
Google Inc (NASDAQ:GOOG) comes on the second place, with the hedge fund holding approximately 169,000 shares worth $188.90 million.
The third position is taken by SunEdison Inc (NYSE:SUNE), in which SAC Capital owns 12.80 million shares, worth $167.03 million. SunEdision is consolidating its operations with a view to rationalize costs. It has announced the indefinite closure of its polysilicon facility in Italy as it is not economically viable to run it in the current market environment.
The fund also holds a $163.72 million stake, which amasses 3.23 million shares of Halliburton Company (NYSE:HAL). The company is one of the largest providers of products and services to the energy segment and provides employment to 75,000 employees in more than 80 countries.
The hedge fund also owns 2.56 million class B shares of CBS Corp (NYSE:CBS) worth $163.02 million as per the latest 13F filing. CBS has announced plans for accelerated share repurchase of its Class B common stock worth $1.5 billion during the current quarter. The company also plans to accelerate the pace of repurchase from the open market.