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Must-know: SAC Capital’s new positions in 4th quarter 2013

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SAC Capital Advisors

SAC Capital Advisors, LP was founded by Steven A. Cohen in 1992. It has offices in Stamford, Connecticut, and New York City, as well as various international satellite offices. The fund has reportedly averaged a return of 30% gross over the last 20 years, outperforming the S&P 500 by 22% since its inception. According to the latest 13F filing, the size of Cohen’s portfolio is $17.2 billion, with 1,688 stocks, down from $18.48 billion in 3Q 2013.

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Some of the main positions SAC traded during the last quarter are outlined below. The fund’s top new positions are Twenty-First Century Fox (FOX), ARRIS Group, Inc. (ARRS), Allegion Plc. (ALLE), and Foot Locker Inc. (FL). SAC increased its positions in Google Inc. (GOOG) and Amazon Inc. (AMZN). News reports said that SAC also disclosed a stake in Gogo Inc. (GOGO) recently.

SAC4Q

SAC Capital Advisors hedge fund is transforming into a family office that will manage only Cohen’s personal fortune after pleading guilty to insider trading late last year. The hedge fund gained 20.10% in 2013, considered one of the industry’s best returns.

SAC hedge

The company’s strategy was the “mosaic theory of investing,” which develops investment positions based on stock information from many sources. SAC focused on trading liquid large-cap stocks and later began using fundamental and quantitative strategies.

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