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 |
Bausch Health
BHC
|
+$263M |
| 2 |
Netflix
NFLX
|
+$179M |
| 3 |
ConocoPhillips
COP
|
+$164M |
| 4 |
Lowe's Companies
LOW
|
+$122M |
| 5 |
Monster Beverage
MNST
|
+$112M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$150M |
| 2 |
Advance Auto Parts
AAP
|
+$136M |
| 3 |
Tapestry
TPR
|
+$108M |
| 4 |
Signet Jewelers
SIG
|
+$104M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$88.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 15.76% |
| 2 | Healthcare | 14.97% |
| 3 | Energy | 12.95% |
| 4 | Industrials | 10.2% |
| 5 | Communication Services | 9.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
MGM Resorts International
MGM
$11B
| – | – |
-421,500
| Closed | -$9.58M |
|
|
MRC
802
DELISTED
MRC Global
MRC
| – | – |
-30,200
| Closed | -$390K |
|
803
Microsoft
MSFT
$3.59T
| – | – |
-210,500
| Closed | -$11.7M |
|
804
Madison Square Garden
MSGS
$9.78B
| – | – |
-105,711
| Closed | -$12.2M |
|
805
Manitowoc
MTW
$710M
| – | – |
-331,188
| Closed | -$4.61M |
|
806
Micron Technology
MU
$1.09T
| – | – |
-542,600
| Closed | -$7.68M |
|
807
ServiceNow
NOW
$133B
| – | – |
-517,000
| Closed | -$8.95M |
|
808
Novavax
NVAX
$1.47B
| – | – |
-19,215
| Closed | -$3.22M |
|
809
Old Dominion Freight Line
ODFL
$42.8B
| – | – |
-124,200
| Closed | -$2.44M |
|
810
OneMain Financial
OMF
$7.27B
| – | – |
-221,800
| Closed | -$9.21M |
|
811
Outfront Media
OUT
$5.25B
| – | – |
-209,088
| Closed | -$4.49M |
|
812
Ovintiv
OVV
$18.5B
| – | – |
-788,200
| Closed | -$20.1M |
|
|
PARA
813
DELISTED
Paramount Global Class B
PARA
| – | – |
-232,700
| Closed | -$11M |
|
814
PENN Entertainment
PENN
$2.5B
| – | – |
-60,700
| Closed | -$972K |
|
815
CALL
Pentair
PNR
$10.3B
| – | – |
-268,020
| Closed | -$8.91M |
|
|
816
Pentair
PNR
$10.3B
| – | – |
-694,470
| Closed | -$23.1M |
|
817
Insulet
PODD
$10.3B
| – | – |
-196,400
| Closed | -$7.43M |
|
818
PPG Industries
PPG
$25.3B
| – | – |
-341,100
| Closed | -$33.7M |
|
819
PUT
Invesco QQQ Trust
QQQ
$486B
| – | – |
-2,250,000
| Closed | -$252M |
|
820
Qorvo
QRVO
$8.43B
| – | – |
-217,200
| Closed | -$11.1M |
|
821
Rockwell Automation
ROK
$48.5B
| – | – |
-70,000
| Closed | -$7.18M |
|
822
Red Robin
RRGB
$189M
| – | – |
-33,700
| Closed | -$2.08M |
|
823
CALL
Sunrun
RUN
$2.21B
| – | – |
-25,000
| Closed | -$294K |
|
824
Revvity
RVTY
$13.9B
| – | – |
-30,000
| Closed | -$1.61M |
|
825
Rayonier Advanced Materials
RYAM
$586M
| – | – |
-55,600
| Closed | -$544K |
|
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Steven Cohen's Q1 2016 Portfolio in Review
As of Q1 2016, Steven Cohen held 967 positions worth $13B, up 7.5% from $12.1B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Steven Cohen deployed $1.19B of net new capital in Q1 2016, opening 302 new positions and adding to 182 existing holdings. Its largest new stake was Netflix: 18,211,000 shares worth $186M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 16% of assets, down from 23% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was Nike, an estimated $150M trimmed.
- Steven Cohen's largest Q1 2016 buy was Netflix: 18,211,000 shares worth $186M.
- Steven Cohen added most to Bausch Health in Q1 2016, an estimated $263M increase.
- Steven Cohen's biggest Q1 2016 reduction was Nike, cutting an estimated $150M.
- Steven Cohen fully exited Applied Materials in Q1 2016, selling an estimated $79.6M.
- Steven Cohen's ten largest holdings make up 20% of its $13B portfolio in Q1 2016.
- Steven Cohen opened 302 new positions and closed 263 in Q1 2016.
- Steven Cohen's portfolio value rose 7.5% quarter-over-quarter to $13B.
Based on Point72 Asset Management's 13F filing for Q1 2016, filed 16 May 2016.