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 |
Alphabet (Google) Class A
GOOGL
|
+$328M |
| 2 |
Meta Platforms (Facebook)
META
|
+$251M |
| 3 |
Bunge Global
BG
|
+$169M |
| 4 |
Comcast
CMCSA
|
+$136M |
| 5 |
Lowe's Companies
LOW
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$306M |
| 2 |
OPLN
Openlane
OPLN
|
+$119M |
| 3 |
ANDV
Andeavor
ANDV
|
+$118M |
| 4 |
Corning
GLW
|
+$118M |
| 5 |
Capri Holdings
CPRI
|
+$96M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 17.31% |
| 2 | Healthcare | 15.78% |
| 3 | Energy | 14.93% |
| 4 | Communication Services | 8.75% |
| 5 | Industrials | 7.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
676
Regal Rexnord
RRX
$11.1B
| $250K | ﹤0.01% |
+4,200
| New | +$252K |
|
|
SE
677
DELISTED
Spectra Energy Corp Wi
SE
| $231K | ﹤0.01% |
+5,400
| New | +$206K |
|
|
HTZ
678
CALL
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $201K | ﹤0.01% |
+5,755
| New | +$241K |
|
679
Sinclair Inc
SBGI
$1.04B
| $193K | ﹤0.01% |
6,700
-1,600
| -19% | -$46.4K |
|
|
MIME
680
DELISTED
Mimecast Limited
MIME
| $191K | ﹤0.01% |
+10,000
| New | +$139K |
|
681
Ally Financial
ALLY
$13.1B
| $187K | ﹤0.01% |
9,600
-685,300
| -99% | -$12.7M |
|
682
AC Immune
ACIU
$288M
| $165K | ﹤0.01% |
+10,000
| New | +$173K |
|
|
VRS
683
DELISTED
Verso Corporation
VRS
| $161K | ﹤0.01% |
+25,000
| New | +$211K |
|
684
FB Financial Corp
FBK
$2.93B
| $153K | ﹤0.01% |
+7,594
| New | +$156K |
|
685
PTC Therapeutics
PTCT
$5.83B
| $143K | ﹤0.01% |
+10,200
| New | +$82.9K |
|
|
TEN
686
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $140K | ﹤0.01% |
+2,400
| New | +$131K |
|
|
GRSHW
687
DELISTED
Gores Holdings, Inc. Warrants
GRSHW
| $84K | ﹤0.01% |
+69,600
| New | +$70.7K |
|
|
FDC
688
DELISTED
First Data Corporation
FDC
| $68K | ﹤0.01% |
5,200
-836,900
| -99% | -$10.8M |
|
689
Arrowhead Research
ARWR
$12.3B
| $62K | ﹤0.01% |
8,500
-247,601
| -97% | -$1.6M |
|
690
MetLife
MET
$60B
| $44K | ﹤0.01% |
+1,122
| New | +$42.2K |
|
691
Adobe
ADBE
$109B
| – | – |
-1,000
| Closed | -$96K |
|
692
Adtran
ADTN
$633M
| – | – |
-185,700
| Closed | -$3.46M |
|
693
Agnico Eagle Mines
AEM
$109B
| – | – |
-62,500
| Closed | -$3.34M |
|
694
AerCap
AER
$23B
| – | – |
-223,400
| Closed | -$7.5M |
|
695
American International
AIG
$39.8B
| – | – |
-351,380
| Closed | -$18.6M |
|
696
American Tower
AMT
$81.9B
| – | – |
-114,800
| Closed | -$13M |
|
697
PUT
Andersons Inc
ANDE
$2.31B
| – | – |
-100,000
| Closed | -$3.55M |
|
698
Abercrombie & Fitch
ANF
$4.84B
| – | – |
-1,800
| Closed | -$32K |
|
699
APA Corp
APA
$15.2B
| – | – |
-120,000
| Closed | -$6.56M |
|
700
Aptiv
APTV
$10B
| – | – |
-147,600
| Closed | -$9.24M |
|
Similar funds
Steven Cohen's Q3 2016 Portfolio in Review
As of Q3 2016, Steven Cohen held 966 positions worth $14.2B, down 3.2% from $14.7B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Steven Cohen withdrew a net $1.32B in Q3 2016, closing 276 positions and reducing 229 holdings. Its most notable exit was Corning, an estimated $118M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 17% of assets, down from 20% a quarter earlier, followed by Healthcare and Energy.
Against the trend, Steven Cohen opened a new position in Alphabet (Google) Class A worth $337M.
- Steven Cohen's largest Q3 2016 buy was Alphabet (Google) Class A: 8,385,760 shares worth $337M.
- Steven Cohen added most to Meta Platforms (Facebook) in Q3 2016, an estimated $251M increase.
- Steven Cohen's biggest Q3 2016 reduction was Amazon, cutting an estimated $306M.
- Steven Cohen fully exited Corning in Q3 2016, selling an estimated $118M.
- Steven Cohen's ten largest holdings make up 21% of its $14.2B portfolio in Q3 2016.
- Steven Cohen opened 262 new positions and closed 276 in Q3 2016.
- Steven Cohen's portfolio value fell 3.2% quarter-over-quarter to $14.2B.
Based on Point72 Asset Management's 13F filing for Q3 2016, filed 14 Nov 2016.