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 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$106M |
| 2 |
Restaurant Brands International
QSR
|
+$73M |
| 3 |
Apple
AAPL
|
+$56.2M |
| 4 |
Royal Caribbean
RCL
|
+$43.2M |
| 5 |
Labcorp
LH
|
+$40.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SHPG
Shire pic
SHPG
|
+$61.8M |
| 2 |
McDonald's
MCD
|
+$60.7M |
| 3 |
Advance Auto Parts
AAP
|
+$42.6M |
| 4 |
CDK
CDK Global, Inc.
CDK
|
+$42.4M |
| 5 |
Charter Communications
CHTR
|
+$31.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 19.85% |
| 2 | Technology | 16% |
| 3 | Communication Services | 12.16% |
| 4 | Materials | 11.48% |
| 5 | Consumer Discretionary | 9.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGN
1
DELISTED
Allergan plc
AGN
| $146M | 6.89% |
480,241
+87,500
| +22% | +$26.1M |
|
2
Air Products & Chemicals
APD
$67.9B
| $135M | 6.38% |
1,065,758
+236,199
| +28% | +$32.2M |
|
3
Cheniere Energy
LNG
$57.3B
| $135M | 6.38% |
1,947,600
+470,000
| +32% | +$35.2M |
|
4
Liberty Global Class C
LBTYK
$3.55B
| $121M | 5.72% |
3,170,710
+644,006
| +25% | +$26.7M |
|
|
TWC
5
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $114M | 5.39% |
+639,500
| New | +$106M |
|
6
PPG Industries
PPG
$25.3B
| $108M | 5.1% |
941,100
+210,300
| +29% | +$24M |
|
7
Aramark
ARMK
$15.8B
| $104M | 4.93% |
4,667,866
+217,168
| +5% | +$4.9M |
|
8
Adobe
ADBE
$109B
| $102M | 4.83% |
1,260,600
+119,500
| +10% | +$9.32M |
|
|
KRFT
9
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $102M | 4.81% |
1,195,000
+412,100
| +53% | +$35.5M |
|
10
Constellation Brands
STZ
$23.2B
| $90.8M | 4.3% |
783,018
+111,600
| +17% | +$13.2M |
|
11
NextEra Energy
NEE
$174B
| $84.5M | 4% |
3,449,208
-654,800
| -16% | -$16.6M |
|
12
NXP Semiconductors
NXPI
$56.9B
| $80.5M | 3.81% |
819,989
+201,800
| +33% | +$20.7M |
|
13
Corpay
CPAY
$27.4B
| $75M | 3.54% |
480,400
+86,600
| +22% | +$13.6M |
|
14
Bausch Health
BHC
$2.41B
| $71.2M | 3.36% |
320,350
+15,400
| +5% | +$3.41M |
|
|
15
Restaurant Brands International
QSR
$28.2B
| $70.8M | 3.35% |
+1,851,735
| New | +$73M |
|
|
16
Labcorp
LH
$27.3B
| $69.5M | 3.29% |
667,205
+390,406
| +141% | +$40.6M |
|
|
17
Apple
AAPL
$4.51T
| $55.1M | 2.61% |
+1,757,404
| New | +$56.2M |
|
|
18
Royal Caribbean
RCL
$78.1B
| $44.6M | 2.11% |
+566,342
| New | +$43.2M |
|
19
Cigna
CI
$73.3B
| $43.4M | 2.05% |
+267,800
| New | +$37M |
|
|
20
CALL
Cigna
CI
$73.3B
| $42.1M | 1.99% |
+260,000
| New | +$35.9M |
|
21
Medtronic
MDT
$119B
| $38.5M | 1.82% |
519,100
-363,400
| -41% | -$27.8M |
|
|
STJ
22
DELISTED
St Jude Medical
STJ
| $34.8M | 1.65% |
+476,700
| New | +$34.4M |
|
23
Booking.com
BKNG
$158B
| $34.5M | 1.63% |
750,150
-244,850
| -25% | -$11.7M |
|
|
AET
24
DELISTED
Aetna Inc
AET
| $34.2M | 1.62% |
+268,400
| New | +$30.6M |
|
25
J.M. Smucker
SJM
$13.3B
| $33.1M | 1.56% |
+305,100
| New | +$35.3M |
|
Similar funds
Aaron Cowen's Q2 2015 Portfolio in Review
As of Q2 2015, Aaron Cowen held 44 positions worth $2.12B, up 26% from $1.68B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Aaron Cowen deployed $446M of net new capital in Q2 2015, opening 15 new positions and adding to 15 existing holdings. Its largest new stake was TIME WARNER CABLE INC NEW COM STK: 639,500 shares worth $114M.
By sector, the portfolio is most concentrated in Healthcare at 20% of assets, down from 22% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Medtronic, an estimated $27.8M trimmed.
- Aaron Cowen's largest Q2 2015 buy was TIME WARNER CABLE INC NEW COM STK: 639,500 shares worth $114M.
- Aaron Cowen added most to Labcorp in Q2 2015, an estimated $40.6M increase.
- Aaron Cowen's biggest Q2 2015 reduction was Medtronic, cutting an estimated $27.8M.
- Aaron Cowen fully exited Shire pic in Q2 2015, selling an estimated $61.8M.
- Aaron Cowen's ten largest holdings make up 55% of its $2.12B portfolio in Q2 2015.
- Aaron Cowen opened 15 new positions and closed 10 in Q2 2015.
- Aaron Cowen's portfolio value rose 26% quarter-over-quarter to $2.12B.
Based on Suvretta Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.