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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
+9.24%
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
$4.35B
AUM Growth
+$573M
Cap. Flow
+$314M
Cap. Flow %
7.22%
Top 10 Hldgs %
70.05%
Holding
28
New
8
Increased
10
Reduced
4
Closed
5

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$435M
2
ELV icon
Elevance Health
ELV
+$207M
3
CAT icon
Caterpillar
CAT
+$180M
4
MRK icon
Merck
MRK
+$119M
5
DD icon
DuPont de Nemours
DD
+$108M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$368M
2
BABA icon
Alibaba
BABA
+$329M
3
RTX icon
RTX Corp
RTX
+$164M
4
ADBE icon
Adobe
ADBE
+$139M
5
CRM icon
Salesforce
CRM
+$68.6M

Sector Composition

Rank Sector Weight
1 Technology 26.62%
2 Healthcare 19.56%
3 Industrials 15.26%
4 Materials 12.5%
5 Consumer Discretionary 9.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
26
Meta Platforms (Facebook)
META
$1.4T
– –
-1,891,523
Closed -$368M
RTX icon
27
CALL
RTX Corp
RTX
$283B
– –
-508,480
Closed -$40M
RTX icon
28
RTX Corp
RTX
$283B
– –
-2,084,930
Closed -$164M
1
2

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Aaron Cowen's Q3 2018 Portfolio in Review

As of Q3 2018, Aaron Cowen held 28 positions worth $4.35B, up 15% from $3.77B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Aaron Cowen deployed $314M of net new capital in Q3 2018, opening 8 new positions and adding to 10 existing holdings. Its largest new stake was Microsoft: 4,016,740 shares worth $459M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 21% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Adobe, an estimated $139M trimmed.

  • Aaron Cowen's largest Q3 2018 buy was Microsoft: 4,016,740 shares worth $459M.
  • Aaron Cowen added most to Merck in Q3 2018, an estimated $119M increase.
  • Aaron Cowen's biggest Q3 2018 reduction was Adobe, cutting an estimated $139M.
  • Aaron Cowen fully exited Meta Platforms (Facebook) in Q3 2018, selling an estimated $368M.
  • Aaron Cowen's ten largest holdings make up 70% of its $4.35B portfolio in Q3 2018.
  • Aaron Cowen opened 8 new positions and closed 5 in Q3 2018.
  • Aaron Cowen's portfolio value rose 15% quarter-over-quarter to $4.35B.

Based on Suvretta Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.