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 |
Qualcomm
QCOM
|
+$327M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$179M |
| 3 |
Netflix
NFLX
|
+$173M |
| 4 |
Cigna
CI
|
+$151M |
| 5 |
Spotify
SPOT
|
+$143M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$277M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$234M |
| 3 |
CZR
Caesars Entertainment Corporation
CZR
|
+$220M |
| 4 |
Hilton Worldwide
HLT
|
+$214M |
| 5 |
Amazon
AMZN
|
+$197M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.39% |
| 2 | Energy | 12.65% |
| 3 | Consumer Discretionary | 9.68% |
| 4 | Technology | 9.46% |
| 5 | Communication Services | 7.87% |
Similar funds
Steven Cohen's Q3 2018 Portfolio in Review
As of Q3 2018, Steven Cohen held 1,360 positions worth $24.3B, down 3.2% from $25.1B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Steven Cohen withdrew a net $1.62B in Q3 2018, closing 381 positions and reducing 270 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class A, an estimated $234M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 16% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Steven Cohen opened a new position in Qualcomm worth $358M.
- Steven Cohen's largest Q3 2018 buy was Qualcomm: 4,969,126 shares worth $358M.
- Steven Cohen added most to Pioneer Natural Resource Co. in Q3 2018, an estimated $179M increase.
- Steven Cohen's biggest Q3 2018 reduction was Alphabet (Google) Class A, cutting an estimated $277M.
- Steven Cohen fully exited Twenty-First Century Fox, Inc. Class A in Q3 2018, selling an estimated $234M.
- Steven Cohen's ten largest holdings make up 12% of its $24.3B portfolio in Q3 2018.
- Steven Cohen opened 418 new positions and closed 381 in Q3 2018.
- Steven Cohen's portfolio value fell 3.2% quarter-over-quarter to $24.3B.
Based on Point72 Asset Management's 13F filing for Q3 2018, filed 14 Nov 2018.