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 |
Netflix
NFLX
|
+$143M |
| 2 |
UnitedHealth
UNH
|
+$135M |
| 3 |
Dynatrace
DT
|
+$86.6M |
| 4 |
Opendoor
OPEN
|
+$75.7M |
| 5 |
EXAS
Exact Sciences
EXAS
|
+$73.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$106M |
| 2 |
Amphenol
APH
|
+$99.8M |
| 3 |
GAP
The Gap Inc
GAP
|
+$96.2M |
| 4 |
Amazon
AMZN
|
+$95.6M |
| 5 |
Copart
CPRT
|
+$71M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.5% |
| 2 | Healthcare | 21.3% |
| 3 | Consumer Discretionary | 16.78% |
| 4 | Industrials | 15.25% |
| 5 | Communication Services | 11.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Uber
UBER
$161B
| $135M | 1.93% |
2,644,766
+808,466
| +44% | +$36.2M |
|
27
GFL Environmental
GFL
$14.8B
| $133M | 1.89% |
4,546,166
+149,446
| +3% | +$3.66M |
|
28
Labcorp
LH
$27.3B
| $116M | 1.66% |
663,030
-126,744
| -16% | -$21.9M |
|
29
Carvana
CVNA
$76.9B
| $107M | 1.52% |
2,227,685
+449,585
| +25% | +$20.6M |
|
|
CTLT
30
DELISTED
CATALENT, INC.
CTLT
| $100M | 1.43% |
961,935
-175,425
| -15% | -$17M |
|
31
KBR
KBR
$4.86B
| $96.2M | 1.37% |
3,110,768
-1,972
| -0.1% | -$51.9K |
|
|
32
Dynatrace
DT
$14.2B
| $94.3M | 1.35% |
+2,179,910
| New | +$86.6M |
|
33
Pinterest
PINS
$13.3B
| $81.5M | 1.16% |
1,236,295
+320,014
| +35% | +$19.2M |
|
|
EXAS
34
DELISTED
Exact Sciences
EXAS
| $81M | 1.16% |
+611,101
| New | +$73.9M |
|
35
Guardant Health
GH
$22.9B
| $78.6M | 1.12% |
609,602
+158,882
| +35% | +$18.3M |
|
36
Take-Two Interactive
TTWO
$44.8B
| $73.9M | 1.05% |
355,423
-71,877
| -17% | -$12.6M |
|
|
CANO
37
DELISTED
Cano Health, Inc.
CANO
| $69.6M | 0.99% |
51,874
+46,628
| +889% | +$53.3M |
|
38
Quanta Services
PWR
$96.1B
| $62.1M | 0.89% |
+861,677
| New | +$56.8M |
|
39
BILL Holdings
BILL
$4.76B
| $55.7M | 0.79% |
+407,810
| New | +$48.1M |
|
|
TPGY
40
DELISTED
TPG Pace Beneficial Finance Corp.
TPGY
| $53.7M | 0.77% |
+2,075,000
| New | +$41.8M |
|
41
TE Connectivity
TEL
$58.9B
| $52.4M | 0.75% |
+432,511
| New | +$47.7M |
|
42
Lyft
LYFT
$6.61B
| $52.1M | 0.74% |
+1,059,660
| New | +$38.6M |
|
43
Jacobs Solutions
J
$17.6B
| $50.7M | 0.72% |
+562,373
| New | +$47.7M |
|
|
WPF
44
DELISTED
Foley Trasimene Acquisition Corp.
WPF
| $33.5M | 0.48% |
+3,000,000
| New | +$31.2M |
|
45
Brinker International
EAT
$10.6B
| $31.1M | 0.44% |
+549,600
| New | +$27.2M |
|
|
IPOF
46
DELISTED
Social Capital Hedosophia Holdings Corp. VI
IPOF
| $30.8M | 0.44% |
+2,500,000
| New | +$28.4M |
|
47
Solid Biosciences
SLDB
$997M
| $30.7M | 0.44% |
+270,270
| New | +$17.1M |
|
|
ITCI
48
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $28.8M | 0.41% |
905,970
+413,700
| +84% | +$10.9M |
|
49
Katapult Holdings
KPLT
$484M
| $26.3M | 0.37% |
+84,000
| New | +$22.1M |
|
50
SoFi Technologies
SOFI
$24.4B
| $24.9M | 0.36% |
+2,000,000
| New | +$22.6M |
|
Similar funds
Aaron Cowen's Q4 2020 Portfolio in Review
As of Q4 2020, Aaron Cowen held 139 positions worth $7B, up 26% from $5.55B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Aaron Cowen deployed $669M of net new capital in Q4 2020, opening 45 new positions and adding to 38 existing holdings. Its largest new stake was Dynatrace: 2,179,910 shares worth $94.3M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 23% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Amazon, an estimated $95.6M trimmed.
- Aaron Cowen's largest Q4 2020 buy was Dynatrace: 2,179,910 shares worth $94.3M.
- Aaron Cowen added most to Netflix in Q4 2020, an estimated $143M increase.
- Aaron Cowen's biggest Q4 2020 reduction was Amazon, cutting an estimated $95.6M.
- Aaron Cowen fully exited PayPal in Q4 2020, selling an estimated $106M.
- Aaron Cowen's ten largest holdings make up 35% of its $7B portfolio in Q4 2020.
- Aaron Cowen opened 45 new positions and closed 33 in Q4 2020.
- Aaron Cowen's portfolio value rose 26% quarter-over-quarter to $7B.
Based on Suvretta Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.