MannKind Corporation (MNKD), EXCO Resources Inc (XCO), Riverbed Technology, Inc. (RVBD): What This $18B Scandal-Ridden Hedge Fund Has Been Buying

Finally, SAC Capital’s biggest closed positions included Plains Exploration & Production and Panera Bread. Other closed positions of interest include Penn West Petroleum Ltd (USA) (NYSE:PWE). Penn West Petroleum Ltd (USA) (NYSE:PWE), which drills for oil and gas, has been struggling in an environment of low natural gas prices. Its recent second quarter featured revenue down 33%, though that was ahead of analyst estimates, and earnings improving though remaining in the red. The company has a new CEO and has trimmed about 30% of its workforce in the past year. The stock yields about 4.6%, after roughly cutting its payout in half earlier in the year.

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 $18 Billion Scandal-Ridden Hedge Fund Has Been Buying originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns no position in any stocks mentioned. The Motley Fool recommends and owns shares of Nuance Communications, Panera Bread, and Riverbed Technology and has the following options: long January 2014 $30 calls on Chesapeake Energy.

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