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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
+1.13%
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
$1.14B
AUM Growth
+$37.5M
Cap. Flow
+$26.5M
Cap. Flow %
2.32%
Top 10 Hldgs %
51.46%
Holding
50
New
16
Increased
14
Reduced
6
Closed
14

Top Buys

Rank Stock Value
1
ADBE icon
Adobe
ADBE
+$52.8M
2
MDT icon
Medtronic
MDT
+$33.9M
3
LBTYK icon
Liberty Global Class C
LBTYK
+$25.8M
4
ABBV icon
AbbVie
ABBV
+$24.1M
5
DHR icon
Danaher
DHR
+$23.8M

Top Sells

Rank Stock Value
1
CPRI icon
Capri Holdings
CPRI
+$46.3M
2
TWX
Time Warner Inc
TWX
+$38.8M
3
MON
Monsanto Co
MON
+$37M
4
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$30.4M
5
SLB icon
SLB Ltd
SLB
+$28.9M

Sector Composition

Rank Sector Weight
1 Healthcare 28.39%
2 Energy 14.54%
3 Communication Services 12.75%
4 Materials 10.22%
5 Utilities 6.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APD icon
1
Air Products & Chemicals
APD
$67.9B
$73.3M 6.41%
608,603
+50,915
+9% +$6.22M
LBTYK icon
2
Liberty Global Class C
LBTYK
$3.55B
$72.9M 6.37%
2,196,790
+766,503
+54% +$25.8M
AGN
3
DELISTED
Allergan Inc
AGN
$69.8M 6.11%
392,000
+138,000
+54% +$22.9M
LNG icon
4
Cheniere Energy
LNG
$57.3B
$64.5M 5.64%
806,000
-328,400
-29% -$25M
AGN
5
DELISTED
Allergan plc
AGN
$59.7M 5.22%
247,500
-39,900
-14% -$8.93M
NEE icon
6
NextEra Energy
NEE
$174B
$56.4M 4.93%
2,404,000
+338,400
+16% +$8.17M
ADBE icon
7
Adobe
ADBE
$109B
$54.2M 4.74%
784,000
+744,399
+1,880% +$52.8M
TMO icon
8
Thermo Fisher Scientific
TMO
$233B
$48.4M 4.23%
397,700
+164,100
+70% +$20M
APC
9
DELISTED
Anadarko Petroleum
APC
$47.4M 4.14%
467,000
+79,800
+21% +$8.61M
PARA
10
DELISTED
Paramount Global Class B
PARA
$41.9M 3.67%
784,000
+180,700
+30% +$10.6M
ENDP
11
DELISTED
Endo International plc
ENDP
$40.2M 3.51%
587,600
+28,100
+5% +$1.85M
SEMG
12
DELISTED
SEMGROUP CORPORATION
SEMG
$33.1M 2.89%
397,200
+30,200
+8% +$2.49M
MDT icon
13
Medtronic
MDT
$119B
$33M 2.89%
+533,000
New +$33.9M
JAH
14
DELISTED
JARDEN CORPORATION
JAH
$33M 2.88%
822,600
+396,600
+93% +$15.5M
DLTR icon
15
Dollar Tree
DLTR
$25.3B
$32.6M 2.85%
582,000
-127,400
-18% -$7.02M
BKW
16
DELISTED
BURGER KING WORLDWIDE
BKW
$31.9M 2.79%
1,077,000
+17,000
+2% +$485K
IHS
17
DELISTED
IHS INC CL-A COM STK
IHS
$31M 2.71%
247,500
-146,000
-37% -$19.8M
AWI icon
18
Armstrong World Industries
AWI
$7.55B
$30.1M 2.64%
538,400
+122,566
+29% +$6.83M
PEP icon
19
PepsiCo
PEP
$196B
$29.3M 2.56%
314,400
-2,300
-0.7% -$210K
ABBV icon
20
AbbVie
ABBV
$468B
$25.1M 2.19%
+434,000
New +$24.1M
HCA icon
21
HCA Healthcare
HCA
$92.9B
$24.8M 2.17%
352,000
-249,600
-41% -$16.5M
DHR icon
22
Danaher
DHR
$154B
$23.6M 2.07%
+462,716
New +$23.8M
ASH icon
23
Ashland
ASH
$3.33B
$23.3M 2.04%
457,631
+190,685
+71% +$9.93M
ANDV
24
DELISTED
Andeavor
ANDV
$21.4M 1.87%
+351,000
New +$21.6M
SLXP
25
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
$20.8M 1.82%
+133,000
New +$19.3M
1
2

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Aaron Cowen's Q3 2014 Portfolio in Review

As of Q3 2014, Aaron Cowen held 50 positions worth $1.14B, up 3.4% from $1.11B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Aaron Cowen's Q3 2014 filing shows 16 new, 14 increased, 6 reduced and 14 closed positions. Its largest new stake was Medtronic: 533,000 shares worth $33M. The largest sale was Capri Holdings, an estimated $46.3M.

By sector, the portfolio is most concentrated in Healthcare at 28% of assets, up from 22% a quarter earlier, followed by Energy and Communication Services.

  • Aaron Cowen's largest Q3 2014 buy was Medtronic: 533,000 shares worth $33M.
  • Aaron Cowen added most to Adobe in Q3 2014, an estimated $52.8M increase.
  • Aaron Cowen's biggest Q3 2014 reduction was Cheniere Energy, cutting an estimated $25M.
  • Aaron Cowen fully exited Capri Holdings in Q3 2014, selling an estimated $46.3M.
  • Aaron Cowen's ten largest holdings make up 51% of its $1.14B portfolio in Q3 2014.
  • Aaron Cowen opened 16 new positions and closed 14 in Q3 2014.
  • Aaron Cowen's portfolio value rose 3.4% quarter-over-quarter to $1.14B.

Based on Suvretta Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.