What's Steven Cohen's SAC Capital Buying? A Few Banks Among Other Things (BK, C)

May 19, 2008 5:03 PM EDT

Steven Cohen's SAC Capital issud their 13F for the quarter ended March 31, 2008 on May 15th. Below are few notable trades from the filing:

Notable Raised Stakes:
Assured Guaranty Ltd. (NYSE: AGO) from 1,672,107 shares to 2,852,834 shares
Auxilium Pharmaceuticals Inc. (Nasdaq: AUXL) from 489,525 shares to 1,691,426 shares
Aventine Renewable Energy Holdings, Inc (NYSE: AVR) from 106,100 shares to 1,432,400 shares
The Bank of New York Mellon Corporation (NYSE: BK) from 38,400 shares to 1,986,900 shares
Celanese Corp. (NYSE: CE) from 1,004,100 shares to 2,065,000 shares
Citigroup Inc. (NYSE: C) from 514,700 shares to 1,405,400 shares
Elan Corp. plc (NYSE: ELN) from 935,926 shares to 5,919,513 shares
Firstenergy Corp. (NYSE: FE) from 426,000 shares to 1,065,100 shares
Imclone Systems Inc. (Nasdaq: IMCL) from 500,000 shares to 2,150,657 shares
Indevus Pharmaceuticals Inc. (Nasdaq: IDEV) from 1,208,990 shares to 2,589,971 shares
Merck (NYSE: MRK) from 121,800 shares to 1,349,500 shares
National Oilwell Varco (NYSE:NOV) from 3,200 shares to 1,572,500 shares
NVIDIA (Nasdaq: NVDA) from 39,389 shares to 651,550 shares
Oracle (Nasdaq: ORCL) from 506,739 shares to 1,517,240 shares
PerkinElmer Inc. (NYSE: PKI) from 200 shares to 911,600 shares
Research In Motion Ltd. (Nasdaq: RIMM) from 103,527 shares to 1,604,560 shares
Service Corp. International (NYSE: SCI) from 3,863,500 shares to 5,836,965 shares
Tenet Healthcare Corp. (NYSE: THC) from 535,349 shares to 1,824,470 shares
Tenneco Inc. (NYSE: TEN) from 99,373 shares to 1,666,725 shares
TETRA Technologies Inc. (NYSE: TTI) from 219,618 shares to 1,051,261 shares
Wal-Mart Stores Inc. (NYSE: WMT) from 400,000 shares to 913,700 shares
Xenoport, Inc. (Nasdaq: XNPT) from 187,500 shares to 994,615 shares
Yahoo! Inc. (Nasdaq: YHOO) from 128,900 shares to 8,194,000 shares

Notable New Stakes:
Live Nation, Inc. (NYSE: LYV) new 950,100 shares
Pier 1 Imports Inc. (NYSE: PIR) new 2,001,000 shares
PPL Corporation (NYSE: PPL) new 1,539,864 shares
Stryker Corp. (NYSE: SYK) new 241,425 shares
Sirona Dental Systems Inc. (Nasdaq: SIRO) new 692,033 shares
Wal-Mart Stores Inc. (NYSE: WMT) new 1,118,300 shares

Notable Lowered Stakes:
ON SEMICONDUCTOR (Nasdaq: ONNN) from 1,775,000 shares to 275,975 shares

Link to the full 13-F

SAC is a multi-strategy, private asset management firm founded by Steven A. Cohen in 1992 with 9 employees and $25 million in assets under management. As of September 2007, the firm has grown to over 800 employees with approximately $14 billion in assets under management. Cohen is considered one of the best traders in the market today.

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Related Categories

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Stocks Mentioned

Related Entities

• SAC Capital
• Steven A. Cohen
• Citi

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