Here's What This $39 Billion Hedge Fund Giant Has Been Buying

New holdings include Phillips 66 (NYSE: PSX ) and First Solar (Nasdaq: FSLR ) . Phillips 66 is the recently spun off downstream business of ConocoPhillips. It's the nation's largest independent oil refiner by assets, and its stock recently hit a 52-week high, getting a boost from falling oil prices that swell its profit margins. It also initiated a dividend, recently yielding about 2%. Its stock is less of a bargain now, though, and investors may want to wait for stronger profit margins or a lower entry price....''