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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
+5.04%
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
$5.16B
AUM Growth
-$770M
Cap. Flow
-$830M
Cap. Flow %
-16.07%
Top 10 Hldgs %
43.16%
Holding
126
New
20
Increased
28
Reduced
23
Closed
31

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$280M
2
MNST icon
Monster Beverage
MNST
+$102M
3
HLT icon
Hilton Worldwide
HLT
+$86.3M
4
DECK icon
Deckers Outdoor
DECK
+$83.7M
5
MAR icon
Marriott International
MAR
+$77.7M

Top Sells

Rank Stock Value
1
TWLO icon
Twilio
TWLO
+$165M
2
ADBE icon
Adobe
ADBE
+$152M
3
MA icon
Mastercard
MA
+$147M
4
PLAN
Anaplan, Inc.
PLAN
+$132M
5
ROST icon
Ross Stores
ROST
+$122M

Sector Composition

Rank Sector Weight
1 Healthcare 35.85%
2 Consumer Discretionary 21.52%
3 Technology 17.66%
4 Industrials 15.63%
5 Consumer Staples 5.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MAAC
126
DELISTED
Montes Archimedes Acquisition Corp. Class A Common Stock
MAAC
– –
-500,000
Closed -$4.67M
2 3 4 5
6

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Aaron Cowen's Q4 2021 Portfolio in Review

As of Q4 2021, Aaron Cowen held 126 positions worth $5.16B, down 13% from $5.94B the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Aaron Cowen withdrew a net $830M in Q4 2021, closing 31 positions and reducing 23 holdings. Its most notable exit was Twilio, an estimated $165M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 36% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Aaron Cowen opened a new position in Microsoft worth $291M.

  • Aaron Cowen's largest Q4 2021 buy was Microsoft: 865,000 shares worth $291M.
  • Aaron Cowen added most to Analog Devices in Q4 2021, an estimated $60.5M increase.
  • Aaron Cowen's biggest Q4 2021 reduction was Adobe, cutting an estimated $152M.
  • Aaron Cowen fully exited Twilio in Q4 2021, selling an estimated $165M.
  • Aaron Cowen's ten largest holdings make up 43% of its $5.16B portfolio in Q4 2021.
  • Aaron Cowen opened 20 new positions and closed 31 in Q4 2021.
  • Aaron Cowen's portfolio value fell 13% quarter-over-quarter to $5.16B.

Based on Suvretta Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.