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 |
Palantir
PLTR
|
+$284M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$243M |
| 3 |
Eli Lilly
LLY
|
+$204M |
| 4 |
Meta Platforms (Facebook)
META
|
+$191M |
| 5 |
Microsoft
MSFT
|
+$134M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IMMU
Immunomedics Inc
IMMU
|
+$205M |
| 2 |
Merck
MRK
|
+$169M |
| 3 |
Canadian National Railway
CNI
|
+$131M |
| 4 |
NXP Semiconductors
NXPI
|
+$119M |
| 5 |
Fidelity National Information Services
FIS
|
+$119M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.77% |
| 2 | Technology | 20.47% |
| 3 | Consumer Discretionary | 13.53% |
| 4 | Financials | 8.97% |
| 5 | Communication Services | 7.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
926
Bankunited
BKU
$3.3B
| – | – |
-78,117
| Closed | -$1.58M |
|
927
PUT
Bristol-Myers Squibb
BMY
$137B
| – | – |
-1,000,000
| Closed | -$58.8M |
|
928
BOK Financial
BOKF
$8.54B
| – | – |
-1,200
| Closed | -$68K |
|
929
Burlington
BURL
$20.6B
| – | – |
-41,342
| Closed | -$8.14M |
|
930
Beyond Meat
BYND
$254M
| – | – |
-553
| Closed | -$2.22M |
|
931
Citigroup
C
$221B
| – | – |
-407,147
| Closed | -$20.3M |
|
932
Cardinal Health
CAH
$53.4B
| – | – |
-181,799
| Closed | -$9.49M |
|
933
CarGurus
CARG
$3.28B
| – | – |
-252,537
| Closed | -$6.4M |
|
934
Chemours
CC
$2.4B
| – | – |
-708,299
| Closed | -$10.9M |
|
935
Coca-Cola Europacific Partners
CCEP
$47.7B
| – | – |
-1,032,264
| Closed | -$39M |
|
936
Crown Castle
CCI
$32.1B
| – | – |
-85,237
| Closed | -$14.3M |
|
937
Cerus
CERS
$566M
| – | – |
-375,034
| Closed | -$2.48M |
|
938
Church & Dwight Co
CHD
$23.4B
| – | – |
-116
| Closed | -$9K |
|
939
C.H. Robinson
CHRW
$16.5B
| – | – |
-252,735
| Closed | -$20M |
|
940
Ciena
CIEN
$56B
| – | – |
-247,300
| Closed | -$13.4M |
|
941
Cleveland-Cliffs
CLF
$6.43B
| – | – |
-106,009
| Closed | -$585K |
|
942
Commercial Metals
CMC
$7.34B
| – | – |
-200,969
| Closed | -$4.1M |
|
943
PUT
Compass Minerals
CMP
$1.09B
| – | – |
-100,000
| Closed | -$4.88M |
|
944
CMS Energy
CMS
$21.4B
| – | – |
-47,800
| Closed | -$2.79M |
|
945
Cannae Holdings
CNNE
$672M
| – | – |
-29,483
| Closed | -$1.21M |
|
946
Coherent
COHR
$56.7B
| – | – |
-160,240
| Closed | -$7.57M |
|
947
Cencora
COR
$60.7B
| – | – |
-7,769
| Closed | -$783K |
|
948
Canadian Pacific Kansas City
CP
$85B
| – | – |
-15,790
| Closed | -$806K |
|
949
Corbus Pharmaceuticals
CRBP
$201M
| – | – |
-50,000
| Closed | -$12.6M |
|
950
Carter's
CRI
$1.31B
| – | – |
-93,671
| Closed | -$7.56M |
|
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Steven Cohen's Q3 2020 Portfolio in Review
As of Q3 2020, Steven Cohen held 1,184 positions worth $19.5B, up 27% from $15.3B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Steven Cohen deployed $3.06B of net new capital in Q3 2020, opening 406 new positions and adding to 253 existing holdings. Its largest new stake was Palantir: 29,904,230 shares worth $284M.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, down from 23% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Immunomedics Inc, an estimated $205M trimmed.
- Steven Cohen's largest Q3 2020 buy was Palantir: 29,904,230 shares worth $284M.
- Steven Cohen added most to Alphabet (Google) Class A in Q3 2020, an estimated $243M increase.
- Steven Cohen's biggest Q3 2020 reduction was Immunomedics Inc, cutting an estimated $205M.
- Steven Cohen fully exited Salesforce in Q3 2020, selling an estimated $105M.
- Steven Cohen's ten largest holdings make up 16% of its $19.5B portfolio in Q3 2020.
- Steven Cohen opened 406 new positions and closed 288 in Q3 2020.
- Steven Cohen's portfolio value rose 27% quarter-over-quarter to $19.5B.
Based on Point72 Asset Management's 13F filing for Q3 2020, filed 16 Nov 2020.