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 |
Walt Disney
DIS
|
+$254M |
| 2 |
Marvell Technology
MRVL
|
+$248M |
| 3 |
Fidelity National Information Services
FIS
|
+$198M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$176M |
| 5 |
Elevance Health
ELV
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TotalEnergies
TTE
|
+$443M |
| 2 |
FDC
First Data Corporation
FDC
|
+$224M |
| 3 |
Baxter International
BAX
|
+$223M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$221M |
| 5 |
Visa
V
|
+$218M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.5% |
| 2 | Healthcare | 13.29% |
| 3 | Consumer Discretionary | 11.89% |
| 4 | Energy | 9.85% |
| 5 | Communication Services | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
JD.com
JD
$39.7B
| $140M | 0.64% |
4,642,718
+4,392,718
| +1,757% | +$112M |
|
27
Novartis
NVS
$302B
| $138M | 0.62% |
1,597,774
-133,221
| -8% | -$10.7M |
|
28
Advanced Micro Devices
AMD
$773B
| $134M | 0.61% |
5,261,582
+3,678,850
| +232% | +$83.5M |
|
29
Estee Lauder
EL
$36.9B
| $133M | 0.61% |
806,038
+766,238
| +1,925% | +$113M |
|
30
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $130M | 0.59% |
850,000
+748,400
| +737% | +$112M |
|
|
ETFC
31
DELISTED
E*Trade Financial Corporation
ETFC
| $128M | 0.58% |
+2,747,178
| New | +$131M |
|
|
APC
32
CALL
DELISTED
Anadarko Petroleum
APC
| $125M | 0.57% |
+2,750,000
| New | +$125M |
|
33
Tyson Foods
TSN
$20.6B
| $124M | 0.56% |
1,788,134
+673,255
| +60% | +$41.7M |
|
34
Valero Energy
VLO
$100B
| $115M | 0.52% |
1,352,659
+61,380
| +5% | +$5.07M |
|
35
Lumentum
LITE
$77.7B
| $112M | 0.51% |
+1,978,753
| New | +$94.9M |
|
36
SLB Ltd
SLB
$79.9B
| $111M | 0.51% |
2,557,539
-832,712
| -25% | -$36M |
|
|
XEC
37
DELISTED
CIMAREX ENERGY CO
XEC
| $111M | 0.5% |
1,586,046
+497,494
| +46% | +$35.8M |
|
38
PTC Therapeutics
PTCT
$5.83B
| $109M | 0.5% |
2,905,393
+1,440,576
| +98% | +$48.4M |
|
39
GoDaddy
GDDY
$12.3B
| $106M | 0.48% |
+1,403,136
| New | +$98.7M |
|
40
Booking.com
BKNG
$158B
| $104M | 0.47% |
1,493,675
+393,675
| +36% | +$28.1M |
|
41
Labcorp
LH
$27.3B
| $104M | 0.47% |
+789,397
| New | +$97.2M |
|
42
Cummins
CMI
$80.9B
| $102M | 0.47% |
648,998
+437,455
| +207% | +$65.6M |
|
43
CALL
Marathon Petroleum
MPC
$101B
| $102M | 0.46% |
+1,700,000
| New | +$107M |
|
44
CALL
Meta Platforms (Facebook)
META
$1.4T
| $100M | 0.45% |
600,000
-300,000
| -33% | -$47.7M |
|
|
WP
45
DELISTED
Worldpay, Inc.
WP
| $98.6M | 0.45% |
868,412
+493,245
| +131% | +$44.7M |
|
46
Diamondback Energy
FANG
$59B
| $96.8M | 0.44% |
953,249
-698,780
| -42% | -$71.6M |
|
47
AstraZeneca
AZN
$257B
| $95.3M | 0.43% |
1,178,961
+932,682
| +379% | +$73.5M |
|
48
Southern Company
SO
$102B
| $94.7M | 0.43% |
+1,833,215
| New | +$89.9M |
|
49
8x8 Inc
EGHT
$290M
| $94.7M | 0.43% |
4,688,783
+2,930,183
| +167% | +$57.3M |
|
50
United Airlines
UAL
$36.7B
| $93.5M | 0.42% |
1,171,995
+1,161,833
| +11,433% | +$98.1M |
|
Similar funds
Steven Cohen's Q1 2019 Portfolio in Review
As of Q1 2019, Steven Cohen held 1,362 positions worth $22B, up 7.6% from $20.5B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Steven Cohen withdrew a net $1.52B in Q1 2019, closing 372 positions and reducing 305 holdings. Its most notable exit was Baxter International, an estimated $223M position sold in full.
By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 9.6% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Steven Cohen opened a new position in Fidelity National Information Services worth $210M.
- Steven Cohen's largest Q1 2019 buy was Fidelity National Information Services: 1,858,246 shares worth $210M.
- Steven Cohen added most to Walt Disney in Q1 2019, an estimated $254M increase.
- Steven Cohen's biggest Q1 2019 reduction was TotalEnergies, cutting an estimated $443M.
- Steven Cohen fully exited Baxter International in Q1 2019, selling an estimated $223M.
- Steven Cohen's ten largest holdings make up 18% of its $22B portfolio in Q1 2019.
- Steven Cohen opened 440 new positions and closed 372 in Q1 2019.
- Steven Cohen's portfolio value rose 7.6% quarter-over-quarter to $22B.
Based on Point72 Asset Management's 13F filing for Q1 2019, filed 15 May 2019.