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Stamford, Connecticut-based SAC Capital was founded by Steven Cohen in 1992. SAC is a diversified hedge fund that uses both fundamental and quantitative analysis-based approaches. Cohen is one of the legendary Wall Street traders and a billionaire. He is estimated to have an $8 Billion net worth.

Below we compiled a list of stocks that Cohen has been holding since the beginning of this year. These are Cohen’s holdings with at least $100 Million at the end of June. Steve Cohen is probably long term bullish about these stocks. A significant number of these stocks underperformed the market recently, so investors can imitate Steve Cohen's long term bets at a significant discount to the price paid by Cohen himself.

Company

Ticker

Value (x1000)

YTD Return

DENDREON CORP

DNDN

351830

-74.97%

APPLE INC

AAPL

200746

14.77%

PLAINS EXPLORATION & PROD

PXP

189987

-27.83%

SUNCOR ENERGY INC

SU

189975

-31.36%

WEATHERFORD INTL

WFT

175630

-43.59%

E N S C O PLC

ESV

159976

-21.10%

INGERSOLL RAND PLC

IR

148701

-21.10%

EXPRESS SCRIPTS INC

ESRX

145723

-36.16%

SHERWIN WILLIAMS CO

SHW

141900

-5.32%

VALERO ENERGY CORP

VLO

139975

-16.94%

HARLEY DAVIDSON INC

HOG

137967

0.35%

TYCO INTERNATIONAL

TYC

136307

-1.06%

YUM BRANDS INC

YUM

125907

-0.54%

UNITED THERAPEUTICS

UTHR

120351

-41.19%

MACYS INC

M

119693

3.89%

NEWMONT MINING CORP

NEM

117720

4.34%

COINSTAR INC

CSTR

112242

-19.40%

AMAZON COM INC

AMZN

111347

19.15%

ANADARKO PETROLEUM

APC

110967

-14.25%

EBAY INC

EBAY

108629

6.45%

COMMUNITY HEALTH SYS

CYH

105212

-59.29%

LIBERTY GLOBAL INC

LBTYA

104088

-8.29%

CENTURYLINK INC

CTL

101712

-26.94%


Dendreon Corporation is a biotechnology company that has focused on targeting cancer and transforming lives through the discovery, development, and commercialization of novel therapeutics that may significantly improve cancer treatment options for patients. It lost 74.97% since the beginning of this year. It has a market cap of $1.38 billion. Cohen invested $352 million in DNDN shares. Several hedge funds lost significant sums in DNDN recently.

Apple Inc. is an American multinational corporation that designs and markets consumer electronics, computer software, and personal computers. It returned 14.77% since the beginning of this year. It has a market cap of $346.82 billion and a P/E ratio of 14.80. Cohen invested $201 million in AAPL shares. Apple is the most popular stock among all hedge funds at the end of June.

Plains Exploration & Production Company is an independent oil and gas company engaged in the activities of acquiring, developing, exploring and producing oil and gas properties primarily in the United States. It was formed as a Delaware corporation in 2002. The company lost 27.38% since the beginning of this year. It has a market cap of $3.45 billion and a P/E ratio of 17.79. Cohen invested $190 million in PXP shares.

Suncor Energy Inc. is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. Suncor has lost 31.36% since the beginning of this year. It has a market cap of $43.52 billion and a P/E ratio of 11.81. Cohen invested $190 million in SU shares.

Weatherford International provides oilfield products and services across the drilling, evaluation, completion, production and intervention areas. Weatherford has lost 43.59% since the beginning of this year. It has a market cap of $9.90 billion and a P/E ratio of 57.23. Cohen invested $176 million in WFT shares.

Ensco plc is a multinational oil and gas services company headquartered in London, United Kingdom. It is the world's second-largest offshore oil and gas well drilling company, and has 49 offshore jack-ups, seven drillships and 20 semi-submersible drilling rigs servicing domestic U.S., international, and scientific drilling markets. Ensco has lost 21.10% since the beginning of this year. It has a market cap of $9.61 billion and a P/E ratio of 14.58. Cohen invested $160 million in ESV shares.

Ingersoll Rand is a global, diversified industrial firm providing products, services and solutions to transport and protect food and perishables, secure homes and commercial properties, and enhance industrial productivity and efficiency. The company lost 21.10% since the beginning of this year. Ingersoll Rand has a market cap of $9.29 billion and a P/E ratio of 21.34. Cohen invested $149 million in IR shares.

Express Scripts is a pharmacy benefit manager. The company processes pharmaceutical claims for members at network pharmacies and at its own mail order pharmacies. It has lost 36.16% since the beginning of this year. It has a market cap of $19.54 billion and a P/E ratio of 16.39. Cohen invested $146 million in ESRX shares.

Source: Billionaire Steven Cohen's 23 Long-Term Stock Picks