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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
-0.52%
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
$2.64B
AUM Growth
+$613M
Cap. Flow
+$571M
Cap. Flow %
21.61%
Top 10 Hldgs %
65.66%
Holding
32
New
8
Increased
13
Reduced
2
Closed
9

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$141M
2
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$126M
3
PFE icon
Pfizer
PFE
+$117M
4
BXLT
BAXALTA INC COM STK (DE)
BXLT
+$114M
5
CHTR icon
Charter Communications
CHTR
+$94.8M

Top Sells

Rank Stock Value
1
MCD icon
McDonald's
MCD
+$97.6M
2
TEVA icon
Teva Pharmaceuticals
TEVA
+$93.7M
3
AGN
Allergan plc
AGN
+$77.5M
4
VOD icon
Vodafone
VOD
+$75M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$67.8M

Sector Composition

Rank Sector Weight
1 Communication Services 26%
2 Consumer Discretionary 18.11%
3 Healthcare 16.26%
4 Technology 13.84%
5 Industrials 12.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LH icon
26
Labcorp
LH
$27.3B
– –
-341,867
Closed -$36.3M
LOW icon
27
Lowe's Companies
LOW
$121B
– –
-622,200
Closed -$47.3M
MCD icon
28
McDonald's
MCD
$192B
– –
-825,900
Closed -$97.6M
TEVA icon
29
Teva Pharmaceuticals
TEVA
$43.5B
– –
-1,426,800
Closed -$93.7M
TPR icon
30
Tapestry
TPR
$26B
– –
-530,000
Closed -$17.3M
VOD icon
31
Vodafone
VOD
$36.9B
– –
-2,325,700
Closed -$75M
HOT
32
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
– –
-490,400
Closed -$34M
1
2

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Aaron Cowen's Q1 2016 Portfolio in Review

As of Q1 2016, Aaron Cowen held 32 positions worth $2.64B, up 30% from $2.03B the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Aaron Cowen deployed $571M of net new capital in Q1 2016, opening 8 new positions and adding to 13 existing holdings. Its largest new stake was Amazon: 4,966,220 shares worth $147M.

By sector, the portfolio is most concentrated in Communication Services at 26% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was Allergan plc, an estimated $77.5M trimmed.

  • Aaron Cowen's largest Q1 2016 buy was Amazon: 4,966,220 shares worth $147M.
  • Aaron Cowen added most to TIME WARNER CABLE INC NEW COM STK in Q1 2016, an estimated $126M increase.
  • Aaron Cowen's biggest Q1 2016 reduction was Allergan plc, cutting an estimated $77.5M.
  • Aaron Cowen fully exited McDonald's in Q1 2016, selling an estimated $97.6M.
  • Aaron Cowen's ten largest holdings make up 66% of its $2.64B portfolio in Q1 2016.
  • Aaron Cowen opened 8 new positions and closed 9 in Q1 2016.
  • Aaron Cowen's portfolio value rose 30% quarter-over-quarter to $2.64B.

Based on Suvretta Capital Management's 13F filing for Q1 2016, filed 16 May 2016.