The hedge fund held 2.36 million shares, valued at $115.5 million as of Sept. 30, of Minneapolis-based Target, according to a filing today with the U.S. Securities and Exchange Commission. It owned 2.41 million shares of Dollar General, valued at about $91 million, after buying most of the holdings in both chains during the quarter.
SAC, based in Stamford, Connecticut, bought 1.89 million shares of Tyco International Ltd., making the Schaffhausen, Switzerland-based firm its biggest U.S.-listed holding, according to the filing. The hedge fund also added to its stakes in Suncor Energy Corp., its second-largest holding, and Baker Hughes Inc. (BHI), according to the filing.
Jonathan Gasthalter, a spokesman for SAC, declined to comment on the holdings. SAC also bought 184,600 shares in the SPDR Gold Trust, which tracks the price of bullion, according to the filing.
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