Atticus Capital Q1 13F Shows New 8M Share Stake in Visa (V), Firm Also Likes Gold Stocks (AU, NEM, GFI)

May 16, 2008 2:00 PM EDT Send to a Friend
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Hedge fund Atticus Capital issued thier latest 13F for the quarter ended 3/31/08, below are some highlights from the filing:

Notable New Stakes:
AngloGold Ashanti Ltd. (NYSE: AU) new 918,000 share stake
Newmont Mining Corp. (NYSE: NEM) new 1,022,400 share stake
Visa (NYSE: V) new 7,799,500 share stake. (March IPO)

Notable Raised Stakes:
Genomic Health Inc. (Nasdaq: GHDX) from 1,844,251 shares to 2,548,186 shares
Gold Fields Ltd. (NYSE: GFI) from 1,107,590 shares to 8,447,651 shares

Notable Lowered Stakes:
CSX (NYSE: CSX) from 5,445,231 shares and 994,200 shares through calls stake to 500,000 shares though calls.
Freeport-McMoRan (NYSE: FCX) from 16,393,273 shares and 10,014,400 shares through calls to 11,523,563 shares and 2,214,900 shares through calls
Inverness Medical Innovations Inc. (AMEX: IMA) from 5,287,412 shares to 0
Mastercard (NYSE: MA) from 4,093,290 shares and 1,594,600 shares through calls to 3,621,683 shares and 194,600 through calls
Monsanto (NYSE: MON) from 931,500 shares and 493,100 shares through calls to 0
Moody's (NYSE: MCO) from 1,644,600 shares and 1,500,000 through calls to 0
Norfolk Southern Corp. (NYSE: NSC) from 5,634,016 shares and 203,600 though calls to 1,921,900 shares
NYSE (NYSE: NYX) from 15,261,911 shares and 7,251,400 shares though calls to 13,955,540 shares
Praxair Inc. (NYSE: PX) from 2,045,311 shares to 0
Occidental Petroleum Corp. (NYSE: OXY) from 9,428,982 to 7,414,900 shares
Research In Motion Ltd. (Nasdaq: RIMM) from 1,500,000 shares to 0
VeriSign Inc. (Nasdaq: VRSN) from 2,025,400 shares to 0


For the complete 13-F Go Here


Atticus Capital is a $13 billion New York-based hedge fund, founded by Timothy Barakett in 1995. The fund in known for taking large concentrated positions in select stocks.


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