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 |
TWX
Time Warner Inc
TWX
|
+$455M |
| 2 |
AABA
Altaba Inc
AABA
|
+$237M |
| 3 |
Amazon
AMZN
|
+$185M |
| 4 |
DuPont de Nemours
DD
|
+$162M |
| 5 |
Danaher
DHR
|
+$161M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$158M |
| 2 |
JD.com
JD
|
+$125M |
| 3 |
Biogen
BIIB
|
+$114M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$110M |
| 5 |
Mastercard
MA
|
+$106M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.5% |
| 2 | Consumer Discretionary | 10.71% |
| 3 | Energy | 9.66% |
| 4 | Communication Services | 8.25% |
| 5 | Industrials | 8.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HOUS
951
DELISTED
Anywhere Real Estate
HOUS
| – | – |
-25,900
| Closed | -$840K |
|
952
Hewlett Packard
HPE
$70.8B
| – | – |
-739,140
| Closed | -$9.51M |
|
953
Herc Holdings
HRI
$5.41B
| – | – |
-13,753
| Closed | -$541K |
|
954
Huazhu Hotels Group
HTHT
$15.1B
| – | – |
-79,200
| Closed | -$1.6M |
|
955
Humana
HUM
$45.5B
| – | – |
-70,900
| Closed | -$17.1M |
|
956
Hexcel
HXL
$7.1B
| – | – |
-536,251
| Closed | -$28.3M |
|
957
Icon
ICLR
$13.3B
| – | – |
-2,000
| Closed | -$196K |
|
958
Imperial Oil
IMO
$66.8B
| – | – |
-46,700
| Closed | -$1.36M |
|
959
Inogen
INGN
$149M
| – | – |
-96,419
| Closed | -$9.2M |
|
960
Intel
INTC
$476B
| – | – |
-536,600
| Closed | -$18.1M |
|
961
Ironwood Pharmaceuticals
IRWD
$709M
| – | – |
-1,008,214
| Closed | -$15.9M |
|
962
ITT
ITT
$18.6B
| – | – |
-150,000
| Closed | -$6.03M |
|
963
JetBlue
JBLU
$1.85B
| – | – |
-2,539,571
| Closed | -$53.2M |
|
964
J. Jill
JILL
$302M
| – | – |
-7,670
| Closed | -$396K |
|
965
Kaiser Aluminum
KALU
$2.52B
| – | – |
-100
| Closed | -$9K |
|
|
OPLN
966
Openlane
OPLN
$4.08B
| – | – |
-1,609,509
| Closed | -$25.6M |
|
967
CALL
KBR
KBR
$4.86B
| – | – |
-30,000
| Closed | -$457K |
|
|
968
KBR
KBR
$4.86B
| – | – |
-501,489
| Closed | -$7.63M |
|
969
CALL
CarMax
KMX
$8.82B
| – | – |
-142,500
| Closed | -$8.99M |
|
970
Lear
LEA
$8.56B
| – | – |
-132,700
| Closed | -$18.9M |
|
971
Lennar Class A
LEN
$21B
| – | – |
-36,770
| Closed | -$1.87M |
|
972
Labcorp
LH
$27.3B
| – | – |
-316,841
| Closed | -$42M |
|
973
Lincoln National
LNC
$8.07B
| – | – |
-16,200
| Closed | -$1.09M |
|
974
Louisiana-Pacific
LPX
$5.12B
| – | – |
-463,300
| Closed | -$11.2M |
|
975
CALL
lululemon athletica
LULU
$13.7B
| – | – |
-70,000
| Closed | -$4.18M |
|
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Steven Cohen's Q3 2017 Portfolio in Review
As of Q3 2017, Steven Cohen held 1,174 positions worth $22.4B, up 26% from $17.8B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Steven Cohen deployed $3.46B of net new capital in Q3 2017, opening 365 new positions and adding to 222 existing holdings. Its largest new stake was Nebius Group N.V.: 3,618,469 shares worth $119M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, down from 17% a quarter earlier, followed by Consumer Discretionary and Energy.
On the sell side, the largest reduction was Visa, an estimated $158M trimmed.
- Steven Cohen's largest Q3 2017 buy was Nebius Group N.V.: 3,618,469 shares worth $119M.
- Steven Cohen added most to Time Warner Inc in Q3 2017, an estimated $455M increase.
- Steven Cohen's biggest Q3 2017 reduction was Visa, cutting an estimated $158M.
- Steven Cohen fully exited Gilead Sciences in Q3 2017, selling an estimated $90.1M.
- Steven Cohen's ten largest holdings make up 19% of its $22.4B portfolio in Q3 2017.
- Steven Cohen opened 365 new positions and closed 328 in Q3 2017.
- Steven Cohen's portfolio value rose 26% quarter-over-quarter to $22.4B.
Based on Point72 Asset Management's 13F filing for Q3 2017, filed 14 Nov 2017.