SAC Ramps Up Apple Stake To $433M In 4th Quarter

Law360, New York (February 14, 2012, 7:32 PM EST) -- Hedge fund giant SAC Capital Advisors LP dramatically boosted its stake in Apple Inc. in the fourth quarter of 2011 and finished the year holding $433 million in the tech titan's stock, SAC said Tuesday in a regulatory filing.

In its filing with the U.S. Securities and Exchange Commission, the firm said it held 1.07 million shares of Apple as of Dec. 31. SAC had reported in an earlier filing that it held about 200,000 Apple shares at the end of September.

The company also reported...
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