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 |
FDC
First Data Corporation
FDC
|
+$224M |
| 2 |
Baxter International
BAX
|
+$223M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$221M |
| 4 |
Visa
V
|
+$218M |
| 5 |
Citigroup
C
|
+$189M |
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 | |
|---|---|---|---|---|---|---|
|
XYZ
676
Block Inc
XYZ
$48.9B
| $2.51M | 0.01% |
33,534
-370,966
| -92% | -$26.9M |
|
|
SNP
677
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $2.51M | 0.01% |
31,521
| – | – |
|
678
Extra Space Storage
EXR
$30.9B
| $2.49M | 0.01% |
+24,459
| New | +$2.35M |
|
679
AnaptysBio
ANAB
$1.73B
| $2.45M | 0.01% |
+33,600
| New | +$2.32M |
|
|
BT
680
DELISTED
BT Group plc (ADR)
BT
| $2.45M | 0.01% |
165,877
+111,329
| +204% | +$1.67M |
|
|
VMRK
681
Vivmark Residential
VMRK
$25.5B
| $2.33M | 0.01% |
+30,990
| New | +$2.23M |
|
682
CALL
Titan Machinery
TITN
$444M
| $2.33M | 0.01% |
+150,000
| New | +$2.78M |
|
|
BECN
683
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $2.33M | 0.01% |
72,452
-50,748
| -41% | -$1.77M |
|
684
Unisys
UIS
$192M
| $2.31M | 0.01% |
198,161
+30,931
| +18% | +$399K |
|
|
STAY
685
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $2.27M | 0.01% |
126,661
+105,495
| +498% | +$1.83M |
|
686
PUT
AMC Global Media
AMCX
$512M
| $2.27M | 0.01% |
+40,000
| New | +$2.46M |
|
687
PUT
Jazz Pharmaceuticals
JAZZ
$16.5B
| $2.26M | 0.01% |
+15,800
| New | +$2.06M |
|
|
STML
688
DELISTED
Stemline Therapeutics, Inc.
STML
| $2.25M | 0.01% |
175,000
-125,000
| -42% | -$1.41M |
|
689
Textron
TXT
$14.1B
| $2.16M | 0.01% |
42,600
-211,836
| -83% | -$10.9M |
|
690
SiriusXM
SIRI
$9.59B
| $2.13M | 0.01% |
+37,655
| New | +$2.24M |
|
|
AVB
691
DELISTED
AvalonBay Communities
AVB
| $2.1M | 0.01% |
+10,449
| New | +$2M |
|
|
ADVM
692
DELISTED
Adverum Biotechnologies
ADVM
| $2.1M | 0.01% |
40,000
+24,806
| +163% | +$1M |
|
693
Insmed
INSM
$27.1B
| $2.1M | 0.01% |
72,100
-243,050
| -77% | -$6.3M |
|
|
AVP
694
DELISTED
Avon Products, Inc.
AVP
| $2.06M | 0.01% |
+700,687
| New | +$1.76M |
|
695
Clarivate
CLVT
$1.36B
| $2.06M | 0.01% |
+153,088
| New | +$1.7M |
|
696
NIO
NIO
$10.9B
| $2.04M | 0.01% |
+400,000
| New | +$2.83M |
|
697
Zymeworks
ZYME
$2.06B
| $2.02M | 0.01% |
+125,000
| New | +$1.94M |
|
|
HOME
698
DELISTED
At Home Group Inc.
HOME
| $2M | 0.01% |
112,120
+12,820
| +13% | +$284K |
|
699
Schneider National
SNDR
$6.11B
| $1.99M | 0.01% |
94,657
-49,877
| -35% | -$1.07M |
|
700
Crown Holdings
CCK
$13B
| $1.98M | 0.01% |
36,294
+10,894
| +43% | +$562K |
|
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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 First Data Corporation, cutting an estimated $224M.
- 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.