BALTIMORE ( Stockpickr) -- Hedge fund manager Steven Cohen has been making the news recently, but not for the typical reasons you'd expect to see a legendary trader make the papers. Earlier this month, the billionaire's reported interest in buying a stake in the New York Mets was getting the media's attention (a focus that has since shifted to David Einhorn of Greenlight Capital, who bought a minority stake in the team).

Cohen's also making headlines regarding insider trading investigations by the SEC into his hedge fund, SAC Capital.

But that's not why we're looking at Cohen and his fund today.

SAC Capital boasts one of the best track records in the industry -- a 30% average annual return for the last 18 years, according to data from Bloomberg. Of course, that sort of performance comes at a cost: SAC has one of the priciest fee structures in the hedge fund business.

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Either way, you get what you pay for. Described as one of the best traders in the world, Cohen is known for his dedication to the firm. Rumor has it that he sends a team of techies ahead of him when he travels to set up a trading platform that he'll be able to use while away from the office.

With all of those resources poured into stock picking, let's take a moment to pick apart some of the most recent buys that SAC Capital reported in its quarterly filings with the SEC.

The firm's aggregate portfolio changed significantly in the last quarter -- new positions make up a full 27% of the firm's total reported market value (keep in mind that reported holdings are relegated to certain kinds of positions). With that, let's take a look at some of the bigger new buys. (Check out Cohen's top 30 holdings here.)

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