SAC Capital Boosts Stakes in Children's Place, Blue Nile & Foster Wheeler

Steve Cohen's hedge fund SAC Capital continues to disclose positions via SEC filings despite the charges they face. 


Children's Place (PLCE)

Per the latest 13G filing, SAC has revealed a 5.1% ownership stake in Childrens Place Retail (PLCE) with 1,139,775 shares.

This is a sizable increase from the end of the first quarter when they only owned 18,512 PLCE shares.  The 13G was required due to portfolio activity on August 2nd.

Per Google Finance, Children's Place "operates as a specialty retailer of apparel and accessories for children. The Company designs, sources and markets its products under its proprietary The Children's Place brand name for sale exclusively in its stores and on its Website. The Company's merchandising strategy is built on offering a collection of interchangeable outfits and accessories to create a coordinated look distinctive to The Children's Place. It offers a focused assortment of styles in a variety of colors and patterns. The Company divides the year into quarterly merchandising seasons: Spring, Summer, Back-to-School and Holiday. Within each season, the Company also introduces a new merchandise line each month."


Foster Wheeler (FWLT)

Due to portfolio activity on August 1st, SAC has also disclosed a position in Foster Wheeler (FWLT) with 5,167,407 shares.  This is an increase of 1.5 million shares since the end of the first quarter.

Per Google Finance, Foster Wheeler is "a supplier of engineering, construction and project management contractor and power equipment. The Company operates through two business groups: Global Engineering and Construction Group (Global E&C Group), and Global Power Group. Its Global E&C Group, which operates worldwide, designs, engineers and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction facilities and receiving terminals, gas-to-liquids facilities, oil refining, chemical and petrochemical, pharmaceutical and biotechnology facilities and related infrastructure. Its Global Power Group designs, manufactures and erects steam generators and auxiliary equipment for electric power generating stations, district heating and power plants and industrial facilities worldwide."


Blue Nile (NILE)

Due to portfolio activity on August 1st, SAC also disclosed a position in Blue Nile (NILE) with 669,414 shares.  This marks an increase of 342,114 shares since the end of the first quarter.

Per Google Finance, Blue Nile is an " online retailer of diamonds and jewelry. The Company offers its products for sale through the bluenile.com Website in over 40 countries and territories throughout the world. The Company's online business model allows the Company to avoid many of the costs that are typically incurred by physical retail stores."


You can view other recent portfolio activity from SAC Capital here.

Ken Griffin's Citadel Ramps Up Position in Children's Place Retail Stores

Ken Griffin's hedge fund firm Citadel Investment Group has filed a 13G with the SEC concerning its position in The Children's Place Retail Stores (PLCE).

Per the filing, Citadel now owns 4.7% of the company with 1,152,935 shares. They only owned 417 shares at the end of 2011, so they've certainly been out buying shares in size. The disclosure was filed due to trading activity on April 9th.

Ken Griffin was recently named one of the top 25 highest earning hedge fund managers of 2011.

Per Google Finance, Children's Place is "is a pure-play children's specialty apparel retailer in North America. The Children's Place provides apparel, accessories and shoes for children from newborn to 10 years old. It operates in two segments: the Children's Place United States and the Children's Place Canada. The Company designs, contracts to manufacture and sells merchandise under The Children's Place brand name."

You can also view some additional Citadel portfolio activity here.