SAC Capital Buys Up 5%+ Position in Pantry (PTRY)

Here's another 13G filing (passitve 5%+ investors) of note as reported at our mother site: http://www.streetinsider.com/13Gs

In a 13G filing on Pantry Inc. (Nasdaq: PTRY), SAC Capital and related funds disclosed a 5.3% stake (1.2 million shares) in the company. This is up from the 166K share stake the firm disclosed for the quarter ended September 30, 2006.

Headquartered in Sanford, North Carolina, The Pantry, Inc. is the leading independently operated convenience store chain in the southeastern United States and one of the largest independently operated convenience store chains in the country.

Run by Steven A. Cohen, SAC Capital is one of the world's largest and most powerful hedge funds.