On a typical day, the American investor might wake up to a coffee from SBUX, go window shopping at KORS, whip out the V card to pay for organically grown food at WFM, listen to SIRI after work, and pat the HOG goodnight in the garage. These six companies were drastically reduced by Guru Steven Cohen in the second quarter.
The updated portfolio of Cohen’s hedge fund, SAC Capital Advisors, lists 1,621 stocks, 432 of them new, a total value at $18.19 billion, and a quarter-over-quarter turnover of 39%. The portfolio is currently weighted with three top sectors: consumer cyclical at 20.6%, energy at 11.2% and healthcare at 9.8%.
Steven Cohen made numerous reductions in the second quarter. Here are a few of his mega trades that also happen to be popular brand companies.
Starbucks Corporation (SBUX, Financial): Reduced
Impacts Portfolio: -0.75%
Current Shares: 481,147
Up 44% over 12 months, Starbucks Corporation has a market cap of $53.32 billion; its shares were traded at around $70.96 with a P/E ratio of 33.90.
Guru Action: As of June 30, 2013, Steven Cohen reduced his position by 84.92%, selling 2,708,482 shares at an average price of $62.15 for a gain of 14.2%.
He has averaged a gain of 110% on 10,583,892 shares bought at an average price of $33.79 per share. On shares sold, he averaged a gain of 76% on 10,102,745 shares sold at an average price of $40.25 per share.
Track historical pricing, revenue and net income:
Michael Kors Holdings Ltd. (KORS, Financial): Reduced
Impacts Portfolio: -0.75%
Current Shares: 517,908
Up 34% over 12 months, Michael Kors Holdings Ltd. has a market cap of $14.57 billion; its shares were traded at around $71.75 with a P/E ratio of 32.10.
Guru Action: As of June 30, 2013, Steven Cohen reduced his position by 83.99%, selling 2,716,034 shares at an average price of $58.58 for a gain of 22.5%.
He has averaged a gain of 66% on 6,193,483 shares bought at an average price of $43.32 per share. On shares sold, he averaged a gain of 37% on 5,675,575 shares sold at an average price of $52.23 per share.
Track historical pricing, revenue and net income:
Visa Inc. (V, Financial): Reduced
Impacts Portfolio: -0.64%
Current Shares: 444,171
Up 37% over 12 months, Visa Inc. has a market cap of $137.98 billion; its shares were traded at around $175.21 with a P/E ratio of 21.00.
Guru Action: As of June 30, 2013, Steven Cohen reduced his position by 64.27%, selling 798,874 shares at an average price of $175.04 for a gain of 0.1%.
He has averaged a gain of 51% on 2,532,657 shares bought at an average price of $115.79 per share. On shares sold, he averaged a gain of 36% on 2,079,486 shares sold at an average price of $129.23 per share.
Track historical pricing, revenue and net income:
Harley-Davidson Inc. (HOG, Financial): Reduced
Impacts Portfolio: -0.56%
Current Shares: 7,605
Up 37% over 12 months, Harley-Davidson Inc. has a market cap of $13.11 billion; its shares were traded at around $59.2 with a P/E ratio of 19.10.
Guru Action: As of June 30, 2013, Steven Cohen reduced his position by 99.65%, selling 2,172,328 shares at an average price of $54.04 for a gain of 8.8%.
He has averaged a gain of 36% on 5,876,738 shares bought at an average price of $48.38 per share. On shares sold, he averaged a gain of 31% on 5,896,133 shares sold at an average price of $44.97 per share.
Track historical pricing, revenue and net income:
Whole Foods Market Inc. (WFM, Financial): Reduced
Impacts Portfolio: -0.54%
Current Shares: 324,906
Up 6% over 12 months, Whole Foods Market Inc. has a market cap of $19.18 billion; its shares were traded at around $51.48 with a P/E ratio of 35.30.
Guru Action: As of June 30, 2013, Steven Cohen reduced his position by 88.8%, selling 2,575,292 shares at an average price of $48.25 for a gain of 7.5%.
He has averaged a gain of 90% on 10,546,112 shares bought at an average price of $27.35 per share. On shares sold, he averaged a gain of 60% on 10,221,206 shares sold at an average price of $32.44 per share.
Track historical pricing, revenue and net income:
Sirius XM Radio Inc. (SIRI, Financial): Reduced
Impacts Portfolio: -0.8%
Current Shares: 325,924
Up 40% over 12 months, Sirius XM Radio Inc. has a market cap of $22.11 billion; its shares were traded at around $3.58 with a P/E ratio of 49.50.
Guru Action: As of June 30, 2013, Steven Cohen reduced his position by 99.39%, selling 53,184,353 shares at an average price of $3.29 for a gain of 8.2%.
He has averaged a gain of 68% on 151,264,317 shares bought at an average price of $2.12 per share. On shares sold, he averaged a gain of 24% on 150,938,393 shares sold at an average price of $2.86 per share.
Track historical pricing, revenue and net income:
Steven “Stevie” Cohen is a billionaire investor, and founder and manager of SAC Capital Advisors, a hedge fund based in Stamford, Connecticut.
Here is the complete portfolio of Steven Cohen.
Also check out:
1. Steven Cohen's Undervalued Stocks
2. Steven Cohen's Top Growth Companies
3. Steven Cohen's High Yield stocks
4. Stocks that Steven Cohen keeps buying
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
The updated portfolio of Cohen’s hedge fund, SAC Capital Advisors, lists 1,621 stocks, 432 of them new, a total value at $18.19 billion, and a quarter-over-quarter turnover of 39%. The portfolio is currently weighted with three top sectors: consumer cyclical at 20.6%, energy at 11.2% and healthcare at 9.8%.
Steven Cohen made numerous reductions in the second quarter. Here are a few of his mega trades that also happen to be popular brand companies.
Starbucks Corporation (SBUX, Financial): Reduced
Impacts Portfolio: -0.75%
Current Shares: 481,147
Up 44% over 12 months, Starbucks Corporation has a market cap of $53.32 billion; its shares were traded at around $70.96 with a P/E ratio of 33.90.
Guru Action: As of June 30, 2013, Steven Cohen reduced his position by 84.92%, selling 2,708,482 shares at an average price of $62.15 for a gain of 14.2%.
He has averaged a gain of 110% on 10,583,892 shares bought at an average price of $33.79 per share. On shares sold, he averaged a gain of 76% on 10,102,745 shares sold at an average price of $40.25 per share.
Track historical pricing, revenue and net income:
Michael Kors Holdings Ltd. (KORS, Financial): Reduced
Impacts Portfolio: -0.75%
Current Shares: 517,908
Up 34% over 12 months, Michael Kors Holdings Ltd. has a market cap of $14.57 billion; its shares were traded at around $71.75 with a P/E ratio of 32.10.
Guru Action: As of June 30, 2013, Steven Cohen reduced his position by 83.99%, selling 2,716,034 shares at an average price of $58.58 for a gain of 22.5%.
He has averaged a gain of 66% on 6,193,483 shares bought at an average price of $43.32 per share. On shares sold, he averaged a gain of 37% on 5,675,575 shares sold at an average price of $52.23 per share.
Track historical pricing, revenue and net income:
Visa Inc. (V, Financial): Reduced
Impacts Portfolio: -0.64%
Current Shares: 444,171
Up 37% over 12 months, Visa Inc. has a market cap of $137.98 billion; its shares were traded at around $175.21 with a P/E ratio of 21.00.
Guru Action: As of June 30, 2013, Steven Cohen reduced his position by 64.27%, selling 798,874 shares at an average price of $175.04 for a gain of 0.1%.
He has averaged a gain of 51% on 2,532,657 shares bought at an average price of $115.79 per share. On shares sold, he averaged a gain of 36% on 2,079,486 shares sold at an average price of $129.23 per share.
Track historical pricing, revenue and net income:
Harley-Davidson Inc. (HOG, Financial): Reduced
Impacts Portfolio: -0.56%
Current Shares: 7,605
Up 37% over 12 months, Harley-Davidson Inc. has a market cap of $13.11 billion; its shares were traded at around $59.2 with a P/E ratio of 19.10.
Guru Action: As of June 30, 2013, Steven Cohen reduced his position by 99.65%, selling 2,172,328 shares at an average price of $54.04 for a gain of 8.8%.
He has averaged a gain of 36% on 5,876,738 shares bought at an average price of $48.38 per share. On shares sold, he averaged a gain of 31% on 5,896,133 shares sold at an average price of $44.97 per share.
Track historical pricing, revenue and net income:
Whole Foods Market Inc. (WFM, Financial): Reduced
Impacts Portfolio: -0.54%
Current Shares: 324,906
Up 6% over 12 months, Whole Foods Market Inc. has a market cap of $19.18 billion; its shares were traded at around $51.48 with a P/E ratio of 35.30.
Guru Action: As of June 30, 2013, Steven Cohen reduced his position by 88.8%, selling 2,575,292 shares at an average price of $48.25 for a gain of 7.5%.
He has averaged a gain of 90% on 10,546,112 shares bought at an average price of $27.35 per share. On shares sold, he averaged a gain of 60% on 10,221,206 shares sold at an average price of $32.44 per share.
Track historical pricing, revenue and net income:
Sirius XM Radio Inc. (SIRI, Financial): Reduced
Impacts Portfolio: -0.8%
Current Shares: 325,924
Up 40% over 12 months, Sirius XM Radio Inc. has a market cap of $22.11 billion; its shares were traded at around $3.58 with a P/E ratio of 49.50.
Guru Action: As of June 30, 2013, Steven Cohen reduced his position by 99.39%, selling 53,184,353 shares at an average price of $3.29 for a gain of 8.2%.
He has averaged a gain of 68% on 151,264,317 shares bought at an average price of $2.12 per share. On shares sold, he averaged a gain of 24% on 150,938,393 shares sold at an average price of $2.86 per share.
Track historical pricing, revenue and net income:
Steven “Stevie” Cohen is a billionaire investor, and founder and manager of SAC Capital Advisors, a hedge fund based in Stamford, Connecticut.
Here is the complete portfolio of Steven Cohen.
Also check out:
1. Steven Cohen's Undervalued Stocks
2. Steven Cohen's Top Growth Companies
3. Steven Cohen's High Yield stocks
4. Stocks that Steven Cohen keeps buying
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not a Premium Member, we invite you for a 7-day Free Trial.
