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AC

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
+19.62%
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
$7B
AUM Growth
+$1.45B
Cap. Flow
+$669M
Cap. Flow %
9.56%
Top 10 Hldgs %
35.33%
Holding
139
New
45
Increased
38
Reduced
14
Closed
33

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$143M
2
UNH icon
UnitedHealth
UNH
+$135M
3
DT icon
Dynatrace
DT
+$86.6M
4
OPEN icon
Opendoor
OPEN
+$75.7M
5
EXAS
Exact Sciences
EXAS
+$73.9M

Top Sells

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$106M
2
APH icon
Amphenol
APH
+$99.8M
3
GAP
The Gap Inc
GAP
+$96.2M
4
AMZN icon
Amazon
AMZN
+$95.6M
5
CPRT icon
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
IPOD
51
DELISTED
Social Capital Hedosophia Holdings Corp. IV
IPOD
$24.6M 0.35%
+1,800,000
New +$22.4M
STRO icon
52
Sutro Biopharma
STRO
$349M
$22.5M 0.32%
103,541
-13,476
-12% -$2.23M
BLUE
53
DELISTED
bluebird bio
BLUE
$18.5M 0.26%
+32,972
New +$20.9M
MILE
54
DELISTED
Metromile, Inc. Common Stock
MILE
$17.9M 0.26%
+1,149,520
New +$15.4M
MRNS
55
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
$17.4M 0.25%
1,430,172
+650,447
+83% +$9.07M
ALLO icon
56
Allogene Therapeutics
ALLO
$722M
$12.2M 0.17%
+483,200
New +$15.7M
IMVT icon
57
Immunovant
IMVT
$9.16B
$12M 0.17%
259,200
-276,084
-52% -$12.8M
FBRX icon
58
Forte Biosciences
FBRX
$1.63B
$11.8M 0.17%
+13,000
New +$12.2M
INSM icon
59
Insmed
INSM
$27.5B
$11.2M 0.16%
337,145
– –
SLNO
60
DELISTED
Soleno Therapeutics
SLNO
$11.1M 0.16%
383,880
+168,763
+78% +$4.87M
FSDC
61
DELISTED
FS Development Corp. Class A Common Stock
FSDC
$9.89M 0.14%
899,457
+549,457
+157% +$5.67M
MREO
62
Mereo BioPharma
MREO
$46.4M
$9.84M 0.14%
+2,748,999
New +$6.89M
KURA icon
63
Kura Oncology
KURA
$1.06B
$8.87M 0.13%
271,500
+152,500
+128% +$5.36M
ORIC icon
64
Oric Pharmaceuticals
ORIC
$1.47B
$8.56M 0.12%
+252,910
New +$7.26M
KDNY
65
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
$8.35M 0.12%
526,455
+298,199
+131% +$4.5M
AGIO icon
66
Agios Pharmaceuticals
AGIO
$1.98B
$8.25M 0.12%
+190,300
New +$7.52M
MRACU
67
DELISTED
Marquee Raine Acquisition Corp. Unit
MRACU
$8.12M 0.12%
+750,000
New +$8.01M
PRLD icon
68
Prelude Therapeutics
PRLD
$529M
$7.95M 0.11%
111,065
-113,935
-51% -$5.67M
KZR
69
DELISTED
Kezar Life Sciences
KZR
$7.36M 0.11%
140,996
+85,406
+154% +$4.75M
ASTR
70
DELISTED
Astra Space, Inc. Class A Common Stock
ASTR
$6.05M 0.09%
+39,867
New +$5.95M
SYRE icon
71
Spyre Therapeutics
SYRE
$9.39B
$5.97M 0.09%
30,350
+9,186
+43% +$1.9M
KALV
72
DELISTED
KalVista Pharmaceuticals
KALV
$5.87M 0.08%
308,900
– –
MIST icon
73
Milestone Pharmaceuticals
MIST
$131M
$5.7M 0.08%
+851,291
New +$5.7M
HAACU
74
DELISTED
Health Assurance Acquisition Corp. SAIL Securities
HAACU
$5.51M 0.08%
+500,000
New +$5.42M
FHTX icon
75
Foghorn Therapeutics
FHTX
$420M
$5.24M 0.07%
+258,700
New +$4.96M
1 2
3
4 5

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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.