Here’s What This “Market-Destroying” Investor Is Buying: Wells Fargo & Co (WFC), Computer Sciences Corporation (CSC), American Capital Ltd. (ACAS)

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Gotham reduced its stake in lots of companies, including Sirius XM Radio Inc (NASDAQ:SIRI) . Heavily shorted, Sirius has faced threats from automakers offering their own entertainment products, but for now they are still offering Sirius radio as well. Growing sales of vehicles is also a plus for Sirius, as is Pandora’s recent decision to start charging its heaviest users. Despite the pessimism of bears, the stock recently hit a 52-week high.

Finally, Gotham’s biggest closed positions included Herbalife Ltd. (NYSE:HLF) and Advanced Micro Devices, Inc. (NYSE:AMD) . Advanced Micro hasn’t been kind to many investors, averaging an annual loss of about 7% over the past 20 years and down 66% over the past year. It’s fighting a struggling PC market and has suffered some heavy free cash flow losses in recent years. Still, bulls are hopeful about its recent cost-cutting and also about the buyout of Dell Inc. (NASDAQ:DELL).

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing. 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What This “Market-Destroying” Investor Is Buying originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitterowns shares of Google. The Motley Fool recommends and owns shares of Google and Wells Fargo and has the following options: long Jan. 2014 $50 calls on Herbalife.

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