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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
-0.84%
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
$2.41B
AUM Growth
-$222M
Cap. Flow
-$88.5M
Cap. Flow %
-3.67%
Top 10 Hldgs %
36.65%
Holding
102
New
13
Increased
22
Reduced
25
Closed
29

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$92.7M
2
META icon
Meta Platforms (Facebook)
META
+$80.8M
3
TTWO icon
Take-Two Interactive
TTWO
+$66.6M
4
DIS icon
Walt Disney
DIS
+$61.6M
5
NOW icon
ServiceNow
NOW
+$57.9M

Top Sells

Rank Stock Value
1
HUM icon
Humana
HUM
+$92.5M
2
CNC icon
Centene
CNC
+$68.3M
3
MRTX
Mirati Therapeutics, Inc. Common Stock
MRTX
+$63.9M
4
RPRX icon
Royalty Pharma
RPRX
+$52.8M
5
VTRS icon
Viatris
VTRS
+$40.6M

Sector Composition

Rank Sector Weight
1 Healthcare 45.65%
2 Industrials 13.65%
3 Consumer Discretionary 13.26%
4 Communication Services 10.93%
5 Technology 7.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TMPM
101
DELISTED
Turmeric Acquisition Corp. Class A Ordinary Shares
TMPM
– –
-200,000
Closed -$1.99M
BHVN
102
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
– –
-61,631
Closed -$8.98M
1 2 3 4
5

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Aaron Cowen's Q3 2022 Portfolio in Review

As of Q3 2022, Aaron Cowen held 102 positions worth $2.41B, down 8.4% from $2.63B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Aaron Cowen withdrew a net $88.5M in Q3 2022, closing 29 positions and reducing 25 holdings. Its most notable exit was Humana, an estimated $92.5M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 46% of assets, down from 57% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Aaron Cowen opened a new position in Amazon worth $82.9M.

  • Aaron Cowen's largest Q3 2022 buy was Amazon: 733,460 shares worth $82.9M.
  • Aaron Cowen added most to Walt Disney in Q3 2022, an estimated $61.6M increase.
  • Aaron Cowen's biggest Q3 2022 reduction was Royalty Pharma, cutting an estimated $52.8M.
  • Aaron Cowen fully exited Humana in Q3 2022, selling an estimated $92.5M.
  • Aaron Cowen's ten largest holdings make up 37% of its $2.41B portfolio in Q3 2022.
  • Aaron Cowen opened 13 new positions and closed 29 in Q3 2022.
  • Aaron Cowen's portfolio value fell 8.4% quarter-over-quarter to $2.41B.

Based on Suvretta Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.