Aaron Cowen Suvretta Capital Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Air Products & Chemicals
APD
|
+$135M |
| 2 |
FISV
Fiserv Inc
FISV
|
+$129M |
| 3 |
Estee Lauder
EL
|
+$128M |
| 4 |
Amazon
AMZN
|
+$101M |
| 5 |
Medtronic
MDT
|
+$81.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baxter International
BAX
|
+$104M |
| 2 |
Jacobs Solutions
J
|
+$103M |
| 3 |
McKesson
MCK
|
+$89M |
| 4 |
Centene
CNC
|
+$87.9M |
| 5 |
Meta Platforms (Facebook)
META
|
+$71M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.21% |
| 2 | Consumer Discretionary | 19.67% |
| 3 | Healthcare | 17.9% |
| 4 | Industrials | 15.31% |
| 5 | Communication Services | 10.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
GFL Environmental
GFL
$14.8B
| $93.5M | 1.68% |
4,396,720
+1,258,940
| +40% | +$25.3M |
|
|
27
Medtronic
MDT
$119B
| $84.7M | 1.53% |
+814,600
| New | +$81.8M |
|
28
Carvana
CVNA
$76.9B
| $79.3M | 1.43% |
1,778,100
-697,000
| -28% | -$24.7M |
|
29
Opendoor
OPEN
$3.43B
| $77.9M | 1.4% |
4,236,667
+2,982,200
| +238% | +$35.6M |
|
30
Ross Stores
ROST
$76.7B
| $71.5M | 1.29% |
766,360
+248,776
| +48% | +$22.3M |
|
31
Copart
CPRT
$31.3B
| $71M | 1.28% |
+2,699,640
| New | +$65.4M |
|
32
Take-Two Interactive
TTWO
$44.8B
| $70.6M | 1.27% |
427,300
-386,273
| -47% | -$62.7M |
|
33
KBR
KBR
$4.86B
| $69.6M | 1.25% |
3,112,740
-47,524
| -2% | -$1.1M |
|
34
Humana
HUM
$45.5B
| $67.1M | 1.21% |
162,100
+2,890
| +2% | +$1.16M |
|
35
Uber
UBER
$161B
| $67M | 1.21% |
1,836,300
-2,138,701
| -54% | -$70.6M |
|
36
Tapestry
TPR
$26B
| $62.4M | 1.12% |
+3,992,429
| New | +$58.8M |
|
37
Alphabet (Google) Class C
GOOG
$4.18T
| $60.3M | 1.09% |
+820,480
| New | +$62.6M |
|
|
XYZ
38
Block Inc
XYZ
$49.4B
| $54.1M | 0.97% |
+332,550
| New | +$47M |
|
39
Netflix
NFLX
$331B
| $51.3M | 0.92% |
+1,025,000
| New | +$51M |
|
40
Guardant Health
GH
$22.9B
| $50.4M | 0.91% |
+450,720
| New | +$41.2M |
|
41
TJX Companies
TJX
$155B
| $49.7M | 0.9% |
893,000
-917,740
| -51% | -$49.5M |
|
42
Republic Services
RSG
$67.6B
| $49.2M | 0.89% |
+527,015
| New | +$47.1M |
|
43
Clover Health Investments
CLOV
$2.2B
| $45.8M | 0.83% |
3,678,000
+1,145,407
| +45% | +$12.7M |
|
44
Pinterest
PINS
$13.3B
| $38M | 0.69% |
+916,281
| New | +$29.9M |
|
|
NKLA
45
DELISTED
Nikola Corporation Common Stock
NKLA
| $20.3M | 0.37% |
+33,067
| New | +$38.5M |
|
46
Immunovant
IMVT
$9.16B
| $18.8M | 0.34% |
535,284
+367,400
| +219% | +$11.1M |
|
|
ORGN
47
DELISTED
Origin Materials
ORGN
| $17.1M | 0.31% |
+57,197
| New | +$17.1M |
|
|
ITCI
48
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $12.6M | 0.23% |
+492,270
| New | +$11.2M |
|
49
Sutro Biopharma
STRO
$349M
| $11.8M | 0.21% |
117,017
+26,737
| +30% | +$2.53M |
|
50
Insmed
INSM
$27.5B
| $10.8M | 0.2% |
337,145
-558,415
| -62% | -$16.1M |
|
Similar funds
Aaron Cowen's Q3 2020 Portfolio in Review
As of Q3 2020, Aaron Cowen held 123 positions worth $5.55B, up 19% from $4.65B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Aaron Cowen deployed $296M of net new capital in Q3 2020, opening 43 new positions and adding to 33 existing holdings. Its largest new stake was Air Products & Chemicals: 470,440 shares worth $140M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $71M trimmed.
- Aaron Cowen's largest Q3 2020 buy was Air Products & Chemicals: 470,440 shares worth $140M.
- Aaron Cowen added most to Amazon in Q3 2020, an estimated $101M increase.
- Aaron Cowen's biggest Q3 2020 reduction was Meta Platforms (Facebook), cutting an estimated $71M.
- Aaron Cowen fully exited Baxter International in Q3 2020, selling an estimated $104M.
- Aaron Cowen's ten largest holdings make up 41% of its $5.55B portfolio in Q3 2020.
- Aaron Cowen opened 43 new positions and closed 29 in Q3 2020.
- Aaron Cowen's portfolio value rose 19% quarter-over-quarter to $5.55B.
Based on Suvretta Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.