SAC Capital Advisors LP, the $15 billion hedge-fund firm run by Steven A. Cohen, boosted its stakes in Amazon.com Inc., and energy companies EQT Corp. and Suncor Energy Inc. in the first quarter.
The fund bought 2.86 million shares of EQT, bringing its stake to 4.26 million shares as of March 31, according to a filing today with the U.S. Securities and Exchange Commission. The Pittsburgh-based natural gas producer is SAC’s largest U.S.- listed stock holding, with a value of $288.7 million at the end of March.
The hedge-fund firm added 7.06 million shares of Calgary-based Suncor, its third-largest investment, holding 7.1 million shares valued at $213 million as of the end of March, according to the filing. SAC bought 619,158 shares of Amazon, ending the quarter with 883,824 shares of the world’s largest online retailer, its second-largest holding.
Jonathan Gasthalter, an spokesman for Stamford, Connecticut-based SAC at Sard Verbinnen & Co., declined to comment.