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 |
Centene
CNC
|
+$98.2M |
| 2 |
Visa
V
|
+$94.7M |
| 3 |
Las Vegas Sands
LVS
|
+$94.4M |
| 4 |
SCHW
Charles Schwab
SCHW
|
+$86.5M |
| 5 |
S&P Global
SPGI
|
+$84.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$222M |
| 2 |
Amazon
AMZN
|
+$194M |
| 3 |
Analog Devices
ADI
|
+$144M |
| 4 |
Quanta Services
PWR
|
+$133M |
| 5 |
Cencora
COR
|
+$122M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 47.83% |
| 2 | Consumer Discretionary | 18.58% |
| 3 | Financials | 10.68% |
| 4 | Industrials | 10.44% |
| 5 | Technology | 6.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.59T
| $184M | 5.61% |
595,747
-269,253
| -31% | -$81M |
|
2
Union Pacific
UNP
$183B
| $168M | 5.12% |
613,628
-194,392
| -24% | -$49.1M |
|
|
3
Amazon
AMZN
$2.79T
| $147M | 4.49% |
902,440
-1,258,160
| -58% | -$194M |
|
4
UnitedHealth
UNH
$350B
| $123M | 3.75% |
240,997
-215,793
| -47% | -$104M |
|
5
Estee Lauder
EL
$36.9B
| $101M | 3.1% |
372,475
-76,885
| -17% | -$23.1M |
|
|
6
Centene
CNC
$32.1B
| $101M | 3.08% |
+1,197,206
| New | +$98.2M |
|
7
Otis Worldwide
OTIS
$27.2B
| $99.8M | 3.05% |
1,297,480
-1,187,100
| -48% | -$94.9M |
|
|
8
Visa
V
$693B
| $97.1M | 2.97% |
+437,990
| New | +$94.7M |
|
|
ITCI
9
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $93.7M | 2.86% |
1,531,923
+279,977
| +22% | +$14.5M |
|
10
IQVIA
IQV
$42.8B
| $89.4M | 2.73% |
386,710
-173,050
| -31% | -$41M |
|
|
11
Las Vegas Sands
LVS
$30.5B
| $88.4M | 2.7% |
+2,275,282
| New | +$94.4M |
|
12
Tapestry
TPR
$26B
| $86.2M | 2.63% |
2,320,100
-2,227,360
| -49% | -$85.3M |
|
|
13
S&P Global
SPGI
$127B
| $84.8M | 2.59% |
+206,760
| New | +$84.2M |
|
|
SCHW
14
Charles Schwab
SCHW
$194B
| $82.9M | 2.53% |
+982,790
| New | +$86.5M |
|
15
Humana
HUM
$45.5B
| $82.2M | 2.51% |
+188,888
| New | +$79M |
|
16
Royalty Pharma
RPRX
$27.3B
| $78.9M | 2.41% |
2,025,610
+58,337
| +3% | +$2.29M |
|
17
GFL Environmental
GFL
$14.8B
| $74.3M | 2.27% |
2,284,496
-2,342,544
| -51% | -$73.4M |
|
18
Johnson & Johnson
JNJ
$651B
| $73.6M | 2.25% |
+415,310
| New | +$70.7M |
|
19
Mastercard
MA
$509B
| $68.2M | 2.08% |
190,943
-59,327
| -24% | -$21.3M |
|
20
Danaher
DHR
$154B
| $68.2M | 2.08% |
262,339
+13,953
| +6% | +$3.49M |
|
21
Thermo Fisher Scientific
TMO
$233B
| $68M | 2.08% |
115,069
-155,401
| -57% | -$89.3M |
|
22
Kura Oncology
KURA
$1.06B
| $62.6M | 1.91% |
3,893,019
+320,600
| +9% | +$4.63M |
|
23
Fulcrum Therapeutics
FULC
$292M
| $61.8M | 1.89% |
2,613,412
+237,841
| +10% | +$3.37M |
|
24
RH
RH
$2.9B
| $59.3M | 1.81% |
181,835
-68,085
| -27% | -$27.2M |
|
|
25
Cencora
COR
$60.7B
| $59.3M | 1.81% |
383,138
-860,672
| -69% | -$122M |
|
Similar funds
Aaron Cowen's Q1 2022 Portfolio in Review
As of Q1 2022, Aaron Cowen held 111 positions worth $3.27B, down 37% from $5.16B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Aaron Cowen withdrew a net $1.48B in Q1 2022, closing 24 positions and reducing 19 holdings. Its most notable exit was Adobe, an estimated $222M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 48% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Aaron Cowen opened a new position in Centene worth $101M.
- Aaron Cowen's largest Q1 2022 buy was Centene: 1,197,206 shares worth $101M.
- Aaron Cowen added most to Marqeta in Q1 2022, an estimated $30M increase.
- Aaron Cowen's biggest Q1 2022 reduction was Amazon, cutting an estimated $194M.
- Aaron Cowen fully exited Adobe in Q1 2022, selling an estimated $222M.
- Aaron Cowen's ten largest holdings make up 37% of its $3.27B portfolio in Q1 2022.
- Aaron Cowen opened 16 new positions and closed 24 in Q1 2022.
- Aaron Cowen's portfolio value fell 37% quarter-over-quarter to $3.27B.
Based on Suvretta Capital Management's 13F filing for Q1 2022, filed 16 May 2022.