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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
+5.53%
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
$6.69B
AUM Growth
-$75.7M
Cap. Flow
-$285M
Cap. Flow %
-4.26%
Top 10 Hldgs %
37.76%
Holding
142
New
36
Increased
36
Reduced
23
Closed
20

Top Buys

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$255M
2
META icon
Meta Platforms (Facebook)
META
+$149M
3
TWLO icon
Twilio
TWLO
+$109M
4
CPRT icon
Copart
CPRT
+$103M
5
AAPL icon
Apple
AAPL
+$94.3M

Top Sells

Rank Stock Value
1
MCD icon
McDonald's
MCD
+$214M
2
DG icon
Dollar General
DG
+$212M
3
DIS icon
Walt Disney
DIS
+$212M
4
FIVE icon
Five Below
FIVE
+$147M
5
NKE icon
Nike
NKE
+$143M

Sector Composition

Rank Sector Weight
1 Healthcare 25.3%
2 Technology 23.37%
3 Consumer Discretionary 18.23%
4 Industrials 16.77%
5 Communication Services 6.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADBE icon
1
Adobe
ADBE
$109B
$372M 5.56%
634,813
+1,909
+0.3% +$984K
AMZN icon
2
Amazon
AMZN
$2.79T
$358M 5.36%
2,082,140
+534,140
+35% +$88.8M
UNH icon
3
UnitedHealth
UNH
$350B
$277M 4.14%
691,813
+138,413
+25% +$55.2M
GOOG icon
4
Alphabet (Google) Class C
GOOG
$4.18T
$269M 4.02%
+2,143,380
New +$255M
TPR icon
5
Tapestry
TPR
$26B
$225M 3.37%
5,179,862
-214,668
-4% -$9.58M
OTIS icon
6
Otis Worldwide
OTIS
$27.2B
$215M 3.21%
2,625,693
-247,300
-9% -$19M
UNP icon
7
Union Pacific
UNP
$183B
$210M 3.15%
956,577
+43,961
+5% +$9.79M
RH icon
8
RH
RH
$2.9B
$207M 3.09%
304,151
-7,939
-3% -$5.16M
MA icon
9
Mastercard
MA
$509B
$199M 2.98%
544,921
+70,216
+15% +$26.1M
UBER icon
10
Uber
UBER
$161B
$193M 2.89%
3,859,494
-351,399
-8% -$18.4M
EL icon
11
Estee Lauder
EL
$36.9B
$163M 2.44%
513,614
-310,096
-38% -$94M
MDT icon
12
Medtronic
MDT
$119B
$161M 2.41%
1,298,416
-62,504
-5% -$7.85M
META icon
13
Meta Platforms (Facebook)
META
$1.4T
$161M 2.41%
+463,280
New +$149M
PSFE icon
14
Paysafe
PSFE
$359M
$156M 2.34%
1,076,444
-6,889
-0.6% -$1.03M
GFL icon
15
GFL Environmental
GFL
$14.8B
$154M 2.3%
4,813,175
+263,355
+6% +$8.62M
CVNA icon
16
Carvana
CVNA
$76.9B
$145M 2.17%
2,398,215
+9,265
+0.4% +$504K
IQV icon
17
IQVIA
IQV
$42.8B
$144M 2.16%
594,837
-248,543
-29% -$57.4M
ROST icon
18
Ross Stores
ROST
$76.7B
$139M 2.08%
1,119,235
+2,135
+0.2% +$266K
COR icon
19
Cencora
COR
$60.7B
$134M 2.01%
1,174,605
+301,105
+34% +$35.6M
TWLO icon
20
Twilio
TWLO
$34.6B
$124M 1.85%
+314,000
New +$109M
OPEN icon
21
Opendoor
OPEN
$3.43B
$119M 1.78%
6,928,118
+1,177,290
+20% +$20.2M
KBR icon
22
KBR
KBR
$4.86B
$119M 1.78%
3,111,777
-413,444
-12% -$16.4M
PWR icon
23
Quanta Services
PWR
$96.1B
$115M 1.72%
1,271,834
+140,603
+12% +$13.2M
CPRT icon
24
Copart
CPRT
$31.3B
$109M 1.63%
+3,313,020
New +$103M
PLAN
25
DELISTED
Anaplan, Inc.
PLAN
$107M 1.6%
2,005,548
-726,122
-27% -$40.4M
1
2 3 4 5

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Aaron Cowen's Q2 2021 Portfolio in Review

As of Q2 2021, Aaron Cowen held 142 positions worth $6.69B, down 1.1% from $6.76B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Aaron Cowen withdrew a net $285M in Q2 2021, closing 20 positions and reducing 23 holdings. Its most notable exit was McDonald's, an estimated $214M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 25% of assets, up from 25% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Aaron Cowen opened a new position in Alphabet (Google) Class C worth $269M.

  • Aaron Cowen's largest Q2 2021 buy was Alphabet (Google) Class C: 2,143,380 shares worth $269M.
  • Aaron Cowen added most to Amazon in Q2 2021, an estimated $88.8M increase.
  • Aaron Cowen's biggest Q2 2021 reduction was Five Below, cutting an estimated $147M.
  • Aaron Cowen fully exited McDonald's in Q2 2021, selling an estimated $214M.
  • Aaron Cowen's ten largest holdings make up 38% of its $6.69B portfolio in Q2 2021.
  • Aaron Cowen opened 36 new positions and closed 20 in Q2 2021.
  • Aaron Cowen's portfolio value fell 1.1% quarter-over-quarter to $6.69B.

Based on Suvretta Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.