Bloomberg – Atticus Capital LP, the New York- based hedge-fund firm run by Timothy Barakett, reversed course in the second quarter, investing more than $3.5 billion in U.S.- listed stocks as equity markets recovered.

Atticus bought $355 million in shares of Charlotte, North Carolina-based Bank of America Corp., a new position, according to a filing yesterday with the U.S. Securities and Exchange Commission. The fund’s holdings in U.S. stocks rose to $3.71 billion as of June 30 from $118 million on March 31.

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Tehran Times – Atticus Capital LP sold 23 of the 25 U.S.-listed stocks it owned in the first quarter as the New York-based hedge-fund firm run by Timothy Barakett put more money into cash while equity markets fell.

Atticus sold 1.69 million shares of Potash Corp. of Saskatchewan, according to a filing with the U.S. Securities and Exchange Commission. Saskatoon, Saskatchewan-based Potash, the world’s largest producer of its namesake fertilizer, had been the firm’s top U.S. holding.

Barakett, whose firm oversees about $6 billion in assets, also sold all of his 5.31 million shares of Microsoft Corp. The world’s largest software maker, based in Redmond, Washington, had been the firm’s second-largest U.S. position.

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