Former SAC Capital declares big Delek stake

Delek US Holdings has a new 5 percent owner in the form of Point72 Asset Management, the firm formerly called SAC Capital and run by Steven Cohen, who late last year pleaded guilty to securities fraud. Point72 on Wednesday filed papers with the Securities and Exchange Commission saying it ended last week owning almost 3.7 million shares, or 6.2 percent, of Brentwood-based Delek. That was up from just 1.1 million on March 31 and makes Point72 the largest owner of Delek US (Ticker: DK) that is not affiliated with Israel-based Delek Group. (Not coincidentally, Delek Group last week sold more than 10 million Delek US shares.)