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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
+7.85%
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
$3.77B
AUM Growth
-$191M
Cap. Flow
-$418M
Cap. Flow %
-11.09%
Top 10 Hldgs %
73.67%
Holding
29
New
8
Increased
4
Reduced
8
Closed
9

Top Buys

Rank Stock Value
1
MPC icon
Marathon Petroleum
MPC
+$197M
2
BAX icon
Baxter International
BAX
+$194M
3
HLT icon
Hilton Worldwide
HLT
+$176M
4
BABA icon
Alibaba
BABA
+$170M
5
MRK icon
Merck
MRK
+$117M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$285M
2
AABA
Altaba Inc
AABA
+$232M
3
RTX icon
RTX Corp
RTX
+$167M
4
META icon
Meta Platforms (Facebook)
META
+$145M
5
DD icon
DuPont de Nemours
DD
+$141M

Sector Composition

Rank Sector Weight
1 Technology 21.34%
2 Consumer Discretionary 20.26%
3 Industrials 14.84%
4 Materials 11.73%
5 Communication Services 9.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GS icon
26
Goldman Sachs
GS
$303B
– –
-191,900
Closed -$48.3M
JPM icon
27
JPMorgan Chase
JPM
$935B
– –
-1,231,200
Closed -$135M
PFE icon
28
Pfizer
PFE
$160B
– –
-52,700
Closed -$1.77M
AABA
29
DELISTED
Altaba Inc
AABA
– –
-3,131,461
Closed -$232M
1
2

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Aaron Cowen's Q2 2018 Portfolio in Review

As of Q2 2018, Aaron Cowen held 29 positions worth $3.77B, down 4.8% from $3.96B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Aaron Cowen withdrew a net $418M in Q2 2018, closing 9 positions and reducing 8 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $285M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 25% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Aaron Cowen opened a new position in Marathon Petroleum worth $181M.

  • Aaron Cowen's largest Q2 2018 buy was Marathon Petroleum: 2,575,432 shares worth $181M.
  • Aaron Cowen added most to Alibaba in Q2 2018, an estimated $170M increase.
  • Aaron Cowen's biggest Q2 2018 reduction was RTX Corp, cutting an estimated $167M.
  • Aaron Cowen fully exited Alphabet (Google) Class C in Q2 2018, selling an estimated $285M.
  • Aaron Cowen's ten largest holdings make up 74% of its $3.77B portfolio in Q2 2018.
  • Aaron Cowen opened 8 new positions and closed 9 in Q2 2018.
  • Aaron Cowen's portfolio value fell 4.8% quarter-over-quarter to $3.77B.

Based on Suvretta Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.