Hedge funds made big on AK Steel Holding Corp (AKS) Tuesday. AKS opened trading at $7.24 a share and closed at $8.06 a share. Share prices rose after Goldman Sachs upgraded the company to neutral, reported TheStreet before morning trading.
Of the funds we track, these made the most on the increase:
1. Sac Capital Advisors – Steven Cohen: Gained $2.8 million
2. Samlyn Capital – Robert Pohly: Gained $2.5 million
3. Carlson Capital – Clint Carlson: Gained $1.8 million
4. Vinik Asset Management – Jeffrey Vinik: Gained $1.6 million
5. Citadel Investment Group – Ken Griffin: Gained $1.5 million
6. Alyeska Investment Group – Anand Parekh: Gained $1 million
7. Aqr Capital Management – Cliff Asness: Gained $561,000
8. Davidson Kempner – Thomas Lenox Kempner: Gained $500,000
9. Lagrange Capital – Frank Lagrange Johnson: Gained $400,000
DISCLAIMER: These calculations assume that these hedge funds did not increase or reduce their stock positions in AKS since the end of June. We did not take into account their option positions.