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 | |
|---|---|---|---|---|---|---|
1001
PUT
AMC Entertainment Holdings
AMC
$2.28B
| – | – |
-21,000
| Closed | -$2.58M |
|
1002
Ameriprise Financial
AMP
$49.1B
| – | – |
-1,900
| Closed | -$198K |
|
1003
AutoNation
AN
$6.6B
| – | – |
-44,300
| Closed | -$1.58M |
|
|
ANSS
1004
DELISTED
Ansys
ANSS
| – | – |
-154,000
| Closed | -$22M |
|
1005
APA Corp
APA
$15.2B
| – | – |
-1,020,000
| Closed | -$33.2M |
|
1006
Ares Capital
ARCC
$14.3B
| – | – |
-15,648
| Closed | -$244K |
|
1007
CALL
Aramark
ARMK
$15.8B
| – | – |
-2,285,250
| Closed | -$47.8M |
|
|
ARR
1008
Armour Residential REIT
ARR
$2.31B
| – | – |
-5,340
| Closed | -$547K |
|
1009
Atara Biotherapeutics
ATRA
$97.4M
| – | – |
-22,124
| Closed | -$19.2M |
|
1010
Avista
AVA
$3.15B
| – | – |
-147,500
| Closed | -$6.27M |
|
|
AVNS
1011
DELISTED
Avanos Medical
AVNS
| – | – |
-73,310
| Closed | -$3.28M |
|
1012
Armstrong World Industries
AWI
$7.55B
| – | – |
-84,900
| Closed | -$4.94M |
|
|
DCH
1013
Dauch Corp
DCH
$1.63B
| – | – |
-389,900
| Closed | -$4.33M |
|
1014
CALL
Axalta
AXTA
$7.75B
| – | – |
-200,000
| Closed | -$4.68M |
|
1015
Axsome Therapeutics
AXSM
$10.9B
| – | – |
-250,000
| Closed | -$705K |
|
1016
Azenta
AZTA
$1.64B
| – | – |
-514,067
| Closed | -$13.5M |
|
1017
PUT
Alibaba
BABA
$286B
| – | – |
-1,200,000
| Closed | -$164M |
|
1018
Bank of America
BAC
$431B
| – | – |
-2,195,335
| Closed | -$54.1M |
|
1019
Booz Allen Hamilton
BAH
$9.27B
| – | – |
-37,898
| Closed | -$1.71M |
|
|
1020
Baxter International
BAX
$13.6B
| – | – |
-3,391,191
| Closed | -$223M |
|
1021
Build-A-Bear
BBW
$488M
| – | – |
-2,983,825
| Closed | -$11.8M |
|
1022
Bath & Body Works
BBWI
$3.92B
| – | – |
-2,833,965
| Closed | -$58.8M |
|
1023
Brink's
BCO
$4.59B
| – | – |
-62,900
| Closed | -$4.07M |
|
1024
CALL
Bread Financial
BFH
$4.07B
| – | – |
-25,060
| Closed | -$3M |
|
1025
CALL
BGC Group
BGC
$5.63B
| – | – |
-1,790,000
| Closed | -$9.25M |
|
Similar funds
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.