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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
+9.13%
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
$4.23B
AUM Growth
+$686M
Cap. Flow
+$392M
Cap. Flow %
9.27%
Top 10 Hldgs %
66.21%
Holding
37
New
17
Increased
7
Reduced
4
Closed
9

Top Buys

Rank Stock Value
1
DD icon
DuPont de Nemours
DD
+$211M
2
MO icon
Altria Group
MO
+$190M
3
BLK icon
Blackrock
BLK
+$141M
4
CSX icon
CSX Corp
CSX
+$133M
5
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$123M

Top Sells

Rank Stock Value
1
CMCSA icon
Comcast
CMCSA
+$358M
2
CHTR icon
Charter Communications
CHTR
+$331M
3
AMZN icon
Amazon
AMZN
+$192M
4
MPC icon
Marathon Petroleum
MPC
+$184M
5
BABA icon
Alibaba
BABA
+$150M

Sector Composition

Rank Sector Weight
1 Technology 20.57%
2 Industrials 16.4%
3 Consumer Discretionary 15.1%
4 Communication Services 14.95%
5 Consumer Staples 13.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADBE icon
1
Adobe
ADBE
$109B
$396M 9.36%
2,260,621
-260,182
-10% -$44.8M
GOOG icon
2
Alphabet (Google) Class C
GOOG
$4.18T
$376M 8.88%
7,180,160
+1,275,020
+22% +$64.9M
CRM icon
3
Salesforce
CRM
$171B
$363M 8.58%
3,550,559
+1,149,089
+48% +$117M
STZ icon
4
Constellation Brands
STZ
$23.2B
$316M 7.47%
1,382,600
-396,388
-22% -$85.7M
RTX icon
5
RTX Corp
RTX
$283B
$256M 6.04%
3,183,045
+1,310,180
+70% +$99.5M
QSR icon
6
Restaurant Brands International
QSR
$28.2B
$256M 6.04%
4,156,527
+295,217
+8% +$18.9M
FMC icon
7
FMC
FMC
$1.38B
$255M 6.04%
3,111,002
+137,407
+5% +$11M
DD icon
8
DuPont de Nemours
DD
$18.7B
$211M 4.99%
+1,170,606
New +$211M
MO icon
9
Altria Group
MO
$110B
$202M 4.78%
+2,829,340
New +$190M
BABA icon
10
Alibaba
BABA
$286B
$171M 4.03%
989,740
-839,200
-46% -$150M
BLK icon
11
Blackrock
BLK
$179B
$149M 3.52%
+290,270
New +$141M
TFCFA
12
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$142M 3.36%
+4,120,210
New +$123M
CSX icon
13
CSX Corp
CSX
$95.6B
$138M 3.27%
+7,532,994
New +$133M
UNH icon
14
UnitedHealth
UNH
$350B
$117M 2.76%
+529,545
New +$112M
UNP icon
15
Union Pacific
UNP
$183B
$115M 2.71%
+856,300
New +$103M
BIDU icon
16
Baidu
BIDU
$31.6B
$115M 2.71%
+489,438
New +$120M
AABA
17
DELISTED
Altaba Inc
AABA
$111M 2.63%
+1,592,010
New +$111M
NSC icon
18
Norfolk Southern
NSC
$78.8B
$95.2M 2.25%
+656,830
New +$88.2M
CI icon
19
Cigna
CI
$73.3B
$82.6M 1.95%
+406,870
New +$81M
DPZ icon
20
Domino's
DPZ
$11.3B
$57.5M 1.36%
+304,168
New +$56.3M
ULTA icon
21
Ulta Beauty
ULTA
$22.4B
$57.3M 1.35%
+256,004
New +$54.2M
CPRT icon
22
Copart
CPRT
$31.3B
$52.7M 1.25%
4,883,960
+973,840
+25% +$9.48M
BTI icon
23
British American Tobacco
BTI
$121B
$47.4M 1.12%
+708,120
New +$46.2M
OPLN
24
Openlane
OPLN
$4.08B
$46.5M 1.1%
2,430,481
+530,883
+28% +$9.83M
FDX icon
25
FedEx
FDX
$76.9B
$37.3M 0.88%
+149,400
New +$34.2M
1
2

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Aaron Cowen's Q4 2017 Portfolio in Review

As of Q4 2017, Aaron Cowen held 37 positions worth $4.23B, up 19% from $3.54B the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Aaron Cowen deployed $392M of net new capital in Q4 2017, opening 17 new positions and adding to 7 existing holdings. Its largest new stake was DuPont de Nemours: 1,170,606 shares worth $211M.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 17% a quarter earlier, followed by Industrials and Consumer Discretionary.

On the sell side, the largest reduction was Marathon Petroleum, an estimated $184M trimmed.

  • Aaron Cowen's largest Q4 2017 buy was DuPont de Nemours: 1,170,606 shares worth $211M.
  • Aaron Cowen added most to Salesforce in Q4 2017, an estimated $117M increase.
  • Aaron Cowen's biggest Q4 2017 reduction was Marathon Petroleum, cutting an estimated $184M.
  • Aaron Cowen fully exited Comcast in Q4 2017, selling an estimated $358M.
  • Aaron Cowen's ten largest holdings make up 66% of its $4.23B portfolio in Q4 2017.
  • Aaron Cowen opened 17 new positions and closed 9 in Q4 2017.
  • Aaron Cowen's portfolio value rose 19% quarter-over-quarter to $4.23B.

Based on Suvretta Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.