Steven Cohen Point72 Asset Management
Steven Cohen is the founder of Point72 Asset Management and previously built SAC Capital into one of the industry’s most profitable trading firms. Point72 operates a multi-manager platform combining fundamental long/short equity with systematic and other strategies. Cohen is also a major figure in sports ownership and philanthropy, while remaining one of the most closely followed names in hedge fund trading culture.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$836M |
| 2 |
NVIDIA
NVDA
|
+$511M |
| 3 |
Equinix
EQIX
|
+$498M |
| 4 |
Amazon
AMZN
|
+$487M |
| 5 |
Sea Limited
SE
|
+$480M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$503M |
| 2 |
CFLT
Confluent
CFLT
|
+$422M |
| 3 |
Airbnb
ABNB
|
+$372M |
| 4 |
T-Mobile US
TMUS
|
+$286M |
| 5 |
Hewlett Packard
HPE
|
+$272M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.66% |
| 2 | Healthcare | 10.66% |
| 3 | Consumer Discretionary | 8.38% |
| 4 | Industrials | 6.17% |
| 5 | Financials | 5.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
P
4026
Everpure Inc
P
$36.1B
| – | – |
-250,385
| Closed | -$20.9M |
|
4027
Prudential
PUK
$35B
| – | – |
-17,524
| Closed | -$490K |
|
4028
PayPal
PYPL
$52.7B
| – | – |
-876,306
| Closed | -$56.9M |
|
4029
PUT
D-Wave Quantum Inc
QBTS
$7.59B
| – | – |
-40,700
| Closed | -$1.01M |
|
4030
Qfin Holdings
QFIN
$1.41B
| – | – |
-329,489
| Closed | -$9.48M |
|
4031
Qorvo
QRVO
$8.43B
| – | – |
-1,023,700
| Closed | -$90.3M |
|
4032
Restaurant Brands International
QSR
$28.2B
| – | – |
-870,101
| Closed | -$60M |
|
4033
RB Global
RBA
$16.1B
| – | – |
-49,934
| Closed | -$5.41M |
|
4034
CALL
iShares Mortgage Real Estate ETF
REM
$544M
| – | – |
-100,000
| Closed | -$2.2M |
|
4035
RLJ Lodging Trust
RLJ
$1.75B
| – | – |
-30,368
| Closed | -$219K |
|
4036
PUT
ResMed
RMD
$33.4B
| – | – |
-800
| Closed | -$219K |
|
4037
CALL
RingCentral
RNG
$5.6B
| – | – |
-40,100
| Closed | -$1.14M |
|
|
4038
RingCentral
RNG
$5.6B
| – | – |
-17,966
| Closed | -$509K |
|
|
4039
PUT
RingCentral
RNG
$5.6B
| – | – |
-21,500
| Closed | -$609K |
|
4040
Rogers Corp
ROG
$2.26B
| – | – |
-32,000
| Closed | -$2.57M |
|
4041
Roivant Sciences
ROIV
$26.2B
| – | – |
-2,608,294
| Closed | -$51.5M |
|
4042
CALL
Royalty Pharma
RPRX
$27.3B
| – | – |
-175,200
| Closed | -$6.18M |
|
|
4043
PUT
Royalty Pharma
RPRX
$27.3B
| – | – |
-123,100
| Closed | -$4.34M |
|
4044
Range Resources
RRC
$9.59B
| – | – |
-6,436
| Closed | -$240K |
|
4045
Sunrun
RUN
$2.21B
| – | – |
-3,530,977
| Closed | -$67.7M |
|
4046
Rush Enterprises Class A
RUSHA
$8.54B
| – | – |
-12,401
| Closed | -$663K |
|
4047
Runway Growth Finance
RWAY
$278M
| – | – |
-85,757
| Closed | -$871K |
|
|
RWT
4048
PUT
Redwood Trust
RWT
$603M
| – | – |
-200,000
| Closed | -$1.16M |
|
4049
Ryanair
RYAAY
$28.9B
| – | – |
-69,500
| Closed | -$4.19M |
|
4050
Rayonier
RYN
$6.31B
| – | – |
-63,333
| Closed | -$1.6M |
|
Similar funds
Steven Cohen's Q4 2025 Portfolio in Review
As of Q4 2025, Steven Cohen held 4,259 positions worth $89.4B, up 50% from $59.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Steven Cohen deployed $24.8B of net new capital in Q4 2025, opening 1,987 new positions and adding to 1,249 existing holdings. Its largest new stake was Akamai: 3,797,143 shares worth $331M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 24% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $503M trimmed.
- Steven Cohen's largest Q4 2025 buy was Akamai: 3,797,143 shares worth $331M.
- Steven Cohen added most to TSMC in Q4 2025, an estimated $836M increase.
- Steven Cohen's biggest Q4 2025 reduction was Meta Platforms (Facebook), cutting an estimated $503M.
- Steven Cohen fully exited Confluent in Q4 2025, selling an estimated $422M.
- Steven Cohen's ten largest holdings make up 14% of its $89.4B portfolio in Q4 2025.
- Steven Cohen opened 1,987 new positions and closed 397 in Q4 2025.
- Steven Cohen's portfolio value rose 50% quarter-over-quarter to $89.4B.
Based on Point72 Asset Management's 13F filing for Q4 2025, filed 17 Feb 2026.