3. SPDR Gold Trust (GLD)
Company Profile: The SPDR Gold Trust ETF seeks to replicate the performance of the price of gold bullion. The trust holds gold and is expected to issue baskets in exchange for deposits of gold.SAC Capital's Investment: Cohen's dabble into the world of gold bugs saw him buy 184,000 shares of the ETF, worth $29 million as of Sept. 30. Share Price Performance: Despite the modest selloff in gold prices, the gold ETF is still up 25% this year and has added more than 7% since Sept. 30.
2. Marathon Petroleum (MPC) Company Profile: Marathon Petroleum is a supplier of gasoline and distillates to resellers and consumers. Its refining, marketing and transportation operations are concentrated primarily in the Midwest, Gulf Coast and Southeast regions of the U.S. SAC Capital's Investment: The hedge fund purchased 3.4 million shares of Marathon Petroleum last quarter. The stake was worth $91 million as of Sept. 30. Share Price Performance: Marathon Petroleum shares have fallen 13% since its July split from its parent company. However, shares have rallied a whopping 35% since the end of the third quarter.
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