Thursday, February 15, 2007

SAC Capital's Latest Portfolio Changes

While Stevie Cohen's SAC Capital has gone activist in the past, his firm is not know for an activist style of investing. Nonetheless, Cohen is considered one of the best traders in the market today and his movements should be noted. Below are a few interesting trades taken from our report at The full report can be found here.

Raises stake in Bearingpoint Inc. (NYSE: BE) from 49,300 to 886,600
Raises stake in Bristol-Myers Squibb Co. (NYSE: BMY) from 100,000 put options to 1,076,000
Raises stake in Goodyear Tire & Rubber Co. NYSE: GT) 162,500 to 1,607,500
Raises stake in New River Pharmaceuticals from 1,366,053 to 3,212,231 (had put option, no longer)
Raises stake in PPL Corp (NYSE: PPL) from 325,400 to 1,931,706
Raises stake in UAL Corp (Nasdaq: UAUA) from 190,000 to 1,619,932
Shows a new stake in Mindspeed Technologies Inc. (Nasdaq: MSPD) of 2,030,235
Shows a new stake in RadioShack (NYSE: RSH) of 827,500
Shows a new stake in Tronox Inc. (NYSE: TRX) of 1,350,000 shares
Lowers stake in Las Vegas Sands (NYSE: LVS) from 636,300 to 57,200
Lowers stake in McDonald's (NYSE: MCD) from 719,700 to 244,900
Lowers stake in XM Satellite Radio Holdings Inc. (Nasdaq: XMSR) from 1,110,777 to 150,000

SAC's 13F can be found here.

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