Steven Cohen (Trades, Portfolio) bought 258 new stocks during the third quarter. He is the founder and manager of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund. Cohen manages a portfolio composed of 751 stocks with a total value of $12.74 billion.
The guru’s most noteworthy third-quarter new buy was the purchase of a 1,469,300-share stake in Eli Lilly and Co. (LLY). Cohen paid an average price of $84.37 per share. The deal had a 0.97% impact on the portfolio, and the price dropped 1%. It was trading at $81.14 per share Thursday. Continue Reading »