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