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Aaron Cowen Suvretta Capital Management

AUM $5.47B
1-Year Est. Return 131.34%
 

Aaron Cowen is the founder of Suvretta Capital Management, a long/short equity firm with a fundamental research process. The firm invests across sectors with an emphasis on differentiated fundamental views. Cowen’s disclosures are tracked by investors who follow mid-to-large fundamental hedge funds.

This Fund
S&P 500
This Quarter Est. Return
+12.25%
1 Year Est. Return
+131.34%
3 Year Est. Return
+363.85%
5 Year Est. Return
+515.73%
10 Year Est. Return
+2,786.05%
AUM
$2.03B
AUM Growth
+$1.09B
Cap. Flow
+$978M
Cap. Flow %
48.15%
Top 10 Hldgs %
62.56%
Holding
29
New
12
Increased
8
Reduced
3
Closed
5

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$144M
2
JAH
JARDEN CORPORATION
JAH
+$125M
3
META icon
Meta Platforms (Facebook)
META
+$111M
4
LBTYA icon
Liberty Global Class A
LBTYA
+$109M
5
MCD icon
McDonald's
MCD
+$92.3M

Top Sells

Rank Stock Value
1
LBTYK icon
Liberty Global Class C
LBTYK
+$84.2M
2
BHC icon
Bausch Health
BHC
+$63.3M
3
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$29M
4
MDT icon
Medtronic
MDT
+$19.8M
5
CHTR icon
Charter Communications
CHTR
+$7.68M

Sector Composition

Rank Sector Weight
1 Communication Services 24.98%
2 Healthcare 21.69%
3 Consumer Discretionary 16.38%
4 Industrials 12.27%
5 Technology 12.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LILA icon
26
Liberty Latin America Class A
LILA
$1.66B
– –
-257,905
Closed -$5.56M
MDT icon
27
Medtronic
MDT
$119B
– –
-295,500
Closed -$19.8M
YUM icon
28
Yum! Brands
YUM
$41.8B
– –
-32,689
Closed -$1.88M
AGN
29
CALL
DELISTED
Allergan plc
AGN
– –
-90,000
Closed -$24.5M
1
2

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Aaron Cowen's Q4 2015 Portfolio in Review

As of Q4 2015, Aaron Cowen held 29 positions worth $2.03B, up 115% from $943M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Aaron Cowen deployed $978M of net new capital in Q4 2015, opening 12 new positions and adding to 8 existing holdings. Its largest new stake was Microsoft: 2,734,505 shares worth $152M.

By sector, the portfolio is most concentrated in Communication Services at 25% of assets, down from 25% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Liberty Global Class C, an estimated $84.2M trimmed.

  • Aaron Cowen's largest Q4 2015 buy was Microsoft: 2,734,505 shares worth $152M.
  • Aaron Cowen added most to Pfizer in Q4 2015, an estimated $61.9M increase.
  • Aaron Cowen's biggest Q4 2015 reduction was Liberty Global Class C, cutting an estimated $84.2M.
  • Aaron Cowen fully exited Bausch Health in Q4 2015, selling an estimated $63.3M.
  • Aaron Cowen's ten largest holdings make up 63% of its $2.03B portfolio in Q4 2015.
  • Aaron Cowen opened 12 new positions and closed 5 in Q4 2015.
  • Aaron Cowen's portfolio value rose 115% quarter-over-quarter to $2.03B.

Based on Suvretta Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.