Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

New Picks of Steve Cohen’s SAC Capital Advisors

Hedge funds have been busy in their hunt for profitable stock investments, with several funds making notable additions to their equity portfolio. In its latest 13F, Steven Cohen’s SAC Capital Advisors LP revealed his recent trades out of which we have picked some of the most notable new positions initiated during the last three months of 2013.


The total value of the equity portfolio of SAC Capital declined to $17.22 billion from $18.48 billion in the third quarter of 2013. The fund added over 400 companies to its equity portfolio.

Over the fourth quarter of 2013, SAC Capital Advisors bought 2.51 million Class A shares of Twenty-First Century Fox Inc (NASDAQ:FOXA), worth $9.81 million. The diversified global media and entertainment giant reported 15% increase in net sales to $8.16 billion compared to the year ago period.

Earlier this year, the New York based company inked an agreement to acquire Yankees Entertainment and Sports Network. This new development would raise the company stake to 80% in the regional sports network from the 49% held currently.

Another remarkable addition to SAC Capital’s equity portfolio is ARRIS Group, Inc. (NASDAQ:ARRS), global leader in IP, video and broadband technology innovation. Steven Cohen’s SAC Capital now owns 2.31 million shares of the company. The reported value of the holdings is $56.35 million.

Next in line is Foot Locker, Inc., (NYSE:FL), with a market cap of $5.71 billion, which has drawn Steven Cohen’s attention. SAC Capital currently owns 1.20 million shares in the global retailer of athletically inspired shoes and apparel. The reported value of the holdings is equivalent to $49.75 million.

Recently, the New York based specialty retailer declared quarterly cash dividend of $0.22 per share. The dividend is due for payment on May 22, 2014 as disclosed in the company’s recent press release.

Disclosure: none

Recommended Reading:

Paul Singer’s Elliott Management Raises Stake in Compuware Corporation (CPWR)

10 Most Popular Stocks Among Hedge Funds

Luxor Capital Initiates Stakes in Nexstar Broadcasting Group, Inc. (NXST) and CBL & Associates Properties, Inc. (CBL)

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!