market folly

Steve Cohen's hedge fund SAC Capital just filed two 13G's with the SEC detailing its latest portfolio activity.

MedAssets (MDAS)

Per the first filing, SAC Capital has disclosed a 5.6% ownership stake in MedAssets (MDAS) with 3,238,369 shares. This marks an increase of 10,814% in their position size since the end of 2011 as they only held a tiny position then. The new disclosure was made due to trading activity on April 5th.

SAC isn't the only big-name hedge fund involved in this stock, either. We recently also detailed Senator Investment Group's stake in MedAssets as well.

Per Google Finance, MedAssets "provides technology-enabled products and services. The Company’s technology-enabled solutions are delivered primarily through company-hosted software, or software as a service (SaaS) or Web-based applications, supported by implementation, consulting and outsourced services and consulting, as well as enterprise-wide sales and customer management and support."


OCZ Technology (OCZ)

Cohen's firm also filed a 13G on OCZ where they revealed a 5.5% ownership stake in the company with 3,711,431 shares. This marks a 71% increase in their position size since the end of 2011.

We originally detailed when SAC built its OCZ stake back in the summer of last year. Their latest disclosure was due to trading activity on April 5th.

Per Google Finance, OCZ is "a provider of high performance solid state drives (SSDs) and memory modules for computing devices and systems. In addition to its SSD and Memory Module product lines, the Company also designs, develops, manufactures and distributes other high performance components for computing devices and systems, including thermal management solutions and alternating current/direct current (AC/DC) switching power supply units (PSUs)."


For more portfolio moves from this hedge fund, click here to see our article yesterday on what stock SAC bought more of.