Recent Changes in SAC Capital Advisors’ Equity Portfolio

Steven Cohen‘s SAC Capital Advisors cut its exposure to a certain number of positions. Left with almost 16,000 shares (less than 0.10% of the company’s common stock) in PDC Energy Inc (NASDAQ:PDCE), the fund almost disposed of its previous position of 1.8 million shares in the company. Operating across the U.S., PDC Energy is an independent oil and natural gas company, which acquires, explores, and produces natural gas, natural gas liquids, and crude oil.

Steven Cohen

SAC Capital Advisors revealed a significantly lower position in Sunedison Inc (NYSE:SUNE), a global company developing and selling solar power and renewable energy solutions. Currently, the fund owns 525,000 shares – 0.20% of the company’s common stock outstanding, down from its previous ownership of more than 14.20 million shares. According to the latest 13F, Sunedison Inc has been among SAC’s top equity investments with a position of 12.80 million shares worth $167.03 million.

The fund has also cut its positions in Movado Group, Inc (NYSE:MOV) and Retrophin Inc (NASDAQ:RTRX). SAC Capital now holds 386,000 shares in the former – roughly a third of the previously owned  nearly 950,000, and 307,000 shares in the latter - approximately a fourth of the 1.30 million owned earlier.

Finally, a recent 13G filing shows that SAC Capital decreased its exposure to Vitamin Shoppe Inc (NYSE:VSI) - a U.S. retailer of nutritional supplements. The position now amounts to 152,000 shares, which represent 0.50% of the company’s total common stock. Before, the fund owned slightly more than 1.80 million shares in the retailer.

Steven Cohen manages a diversified equity portfolio worth more than 17.00 billion, 25.00% of which are invested in the Services Sector. Amazon.com, Inc. (NASDAQ:AMZN) is among the SAC’s largest investments, the fund holding 500,000 shares worth more than $200.00 million in the company.

Disclosure: None

Recommended Reading:

Billionaire Steven Cohen Initiates Position in Midstates Petroleum Company Inc (MPO); Boosts Stake in Zynga Inc (ZNGA)

Steven Cohen Ups His Bets on NQ Mobile Inc (ADR) (NQ)

Steven Cohen, SAC Increase Stake in Annie’s Inc (BNNY)

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

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

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!