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 |
Micron Technology
MU
|
+$225M |
| 2 |
AMRN
Amarin Corp
AMRN
|
+$129M |
| 3 |
CSX Corp
CSX
|
+$127M |
| 4 |
Las Vegas Sands
LVS
|
+$127M |
| 5 |
Equitable Holdings
EQH
|
+$126M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$242M |
| 2 |
Salesforce
CRM
|
+$163M |
| 3 |
IQVIA
IQV
|
+$145M |
| 4 |
Dell
DELL
|
+$129M |
| 5 |
XLNX
Xilinx Inc
XLNX
|
+$128M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.5% |
| 2 | Healthcare | 17.02% |
| 3 | Consumer Discretionary | 15.13% |
| 4 | Financials | 14.35% |
| 5 | Industrials | 8.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MIC
576
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $1.14M | 0.01% |
45,266
+26,966
| +147% | +$1.03M |
|
577
MDU Resources
MDU
$4.2B
| $1.14M | 0.01% |
138,916
+101,835
| +275% | +$1.07M |
|
578
Delek US
DK
$4.38B
| $1.13M | 0.01% |
+71,829
| New | +$1.7M |
|
579
NorthWestern Energy
NWE
$4.27B
| $1.12M | 0.01% |
18,700
-26,022
| -58% | -$1.86M |
|
580
XPO
XPO
$23.2B
| $1.12M | 0.01% |
66,369
-114,222
| -63% | -$3.05M |
|
581
First Hawaiian
FHB
$3.2B
| $1.1M | 0.01% |
+66,300
| New | +$1.68M |
|
582
Progress Software
PRGS
$1.82B
| $1.09M | 0.01% |
34,133
+25,033
| +275% | +$1.01M |
|
583
Veeva Systems
VEEV
$40.3B
| $1.09M | 0.01% |
+6,942
| New | +$1.02M |
|
584
Jefferies Financial Group
JEF
$12.1B
| $1.05M | 0.01% |
80,685
+62,380
| +341% | +$1.19M |
|
585
Ardmore Shipping
ASC
$752M
| $1.05M | 0.01% |
+200,000
| New | +$1.21M |
|
586
Boot Barn
BOOT
$5.01B
| $1.05M | 0.01% |
81,100
-63,186
| -44% | -$2.02M |
|
587
Repligen
RGEN
$10.2B
| $1.04M | 0.01% |
10,727
-80,478
| -88% | -$7.77M |
|
588
YPF Sociedad Anonima ADS
YPF
$20.1B
| $1.03M | 0.01% |
+247,367
| New | +$2.01M |
|
589
Black Hills Corp
BKH
$5.47B
| $1.03M | 0.01% |
16,100
-41,539
| -72% | -$3.14M |
|
590
MacroGenics
MGNX
$261M
| $1.03M | 0.01% |
+177,063
| New | +$1.61M |
|
591
Silicon Motion
SIMO
$8.76B
| $1.03M | 0.01% |
28,000
-156,459
| -85% | -$6.76M |
|
592
Watsco Inc
WSO
$12.9B
| $1.02M | 0.01% |
+6,470
| New | +$1.09M |
|
593
Zumiez
ZUMZ
$308M
| $1.01M | 0.01% |
58,594
-167,218
| -74% | -$4.71M |
|
|
GAP
594
The Gap Inc
GAP
$7.13B
| $1M | 0.01% |
+142,462
| New | +$2.11M |
|
595
First Financial Bankshares
FFIN
$4.89B
| $997K | 0.01% |
37,149
+32,049
| +628% | +$1M |
|
596
Advanced Drainage Systems
WMS
$10.8B
| $977K | 0.01% |
33,200
+30,012
| +941% | +$1.21M |
|
597
Kosmos Energy
KOS
$1.76B
| $957K | 0.01% |
1,068,056
+143,733
| +16% | +$571K |
|
598
Federated Hermes
FHI
$4.76B
| $954K | 0.01% |
+50,062
| New | +$1.49M |
|
599
Steel Dynamics
STLD
$32.8B
| $951K | 0.01% |
+42,200
| New | +$1.16M |
|
600
State Street Financial Select Sector SPDR ETF
XLF
$56B
| $949K | 0.01% |
45,600
-29,400
| -39% | -$809K |
|
Similar funds
Steven Cohen's Q1 2020 Portfolio in Review
As of Q1 2020, Steven Cohen held 1,235 positions worth $12.3B, down 35% from $19B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Steven Cohen withdrew a net $2.25B in Q1 2020, closing 490 positions and reducing 201 holdings. Its most notable exit was IQVIA, an estimated $145M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Steven Cohen opened a new position in Take-Two Interactive worth $125M.
- Steven Cohen's largest Q1 2020 buy was Take-Two Interactive: 1,054,856 shares worth $125M.
- Steven Cohen added most to Micron Technology in Q1 2020, an estimated $225M increase.
- Steven Cohen's biggest Q1 2020 reduction was PayPal, cutting an estimated $242M.
- Steven Cohen fully exited IQVIA in Q1 2020, selling an estimated $145M.
- Steven Cohen's ten largest holdings make up 16% of its $12.3B portfolio in Q1 2020.
- Steven Cohen opened 318 new positions and closed 490 in Q1 2020.
- Steven Cohen's portfolio value fell 35% quarter-over-quarter to $12.3B.
Based on Point72 Asset Management's 13F filing for Q1 2020, filed 15 May 2020.