Billionaire Steve Cohen’s Top Stock Picks

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.

SAC CAPITAL ADVISORS

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.

Disclosure: None

Recommended Reading:

Billionaire Larry Robbins’ Top Stock Picks

See Where Billionaire Michael Dell Invests His Money

Leon Cooperman Is Betting on These Stocks

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Biggest Airports in the World

The 5 Most Gang Infested Cities In America

The 34 Smartest Countries in the World

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!