10 Investments Billionaire Steven Cohen Is Making Now
9. Spectrum Brands (SPB)
Company Profile: Spectrum Brands is a consumer-products company that makes consumer batteries, pet supplies, electric shaving & grooming, electric personal care, portable lighting & home and garden control products. Its brands include Rayovac, Remington, Spectracide, Hot Shot and Repel.
SAC Capital's Investment: The hedge fund picked up about 257,000 shares of Spectrum Brands last quarter. The stake had a market value of $6.1 million as of Sept. 30. Share Price Performance: Spectrum Brands looks to be a value play, with the stock down more than 16% this year. Since Cohen's disclosure of ownership on Sept. 30, shares are up 10%.8. Sanmina-SCI (SANM) Company Profile: Sanmina-SCI focuses on engineering and fabricating complex components, such as printed circuit boards, enclosures, plastics and cables. SAC Capital's Investment: Cohen purchased nearly 1 million shares of Sanmina-SCI in the third quarter, a position that carried a market value of $6.5 million as of Sept. 30. Share Price Performance: The stock is down 26% this year, which makes the chart look bad overall. However, Sanmina-SCI has rallied more than 26% since Sept. 30.
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