PM Market Movers

STMicroelectronics (STM) is an Italian-French electronics and semiconductor manufacturer headquartered in Geneva, Switzerland. The company designs, develops, manufactures and markets a range of semiconductor products used in a variety of microelectronic applications.

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TM soared by 11.00% after news broke that it collaborated with Microsoft in developing a motion and orientation Human Interface Device (HID) sensor solution running on the Windows 8 operating system. The stock gained $0.66 so far today. Here are the hedge funds that gained the most from STM:

1. Caxton Associates Lp – Bruce Kovner: Gained $87,912

2. Hbk Investments – David Costen Haley: Gained $80,281

3. Millennium Management – Israel Englander: Gained $29,473

4. Citadel Investment Group – Ken Griffin: Gained $22,483

5. Visium Assets Management – Jacob Gottlieb: Gained $19,800

El Paso Electric Company (EE) is engaged in the generation, transmission and distribution of electricity in west Texas and southern New Mexico. The Company also serves a wholesale customer in Texas.

EE declined by 5.73% after the city council of the town where the utility is based voted to order it to show why rates should not be reduced, prompting an analyst to downgrade the company. EE lost $1.91 so far today. Here are the hedge funds suffered the biggest lost from EE:

1. Agr Capital Management – Cliff Asness: Lost $759,263

2. Copia Capital – Tim Flannery: Lost $176,236

3. Renaissance Technologies – Jim Simons: Lost $63,030

4. Hbk Investments – David Costen Haley: Lost $50,042

5. Millennium Management – Israel Englander: Lost $17,652

6. Magnetar Capital – Alec Litowitz and Ross Laser: Lost $15,108

These calculations assumed that these hedge funds didn’t increase or reduce their stock positions in STM or EE since the end of June. We also didn’t take into account their option positions.