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 |
Ovintiv
OVV
|
+$223M |
| 2 |
Citigroup
C
|
+$221M |
| 3 |
Baxter International
BAX
|
+$212M |
| 4 |
Inogen
INGN
|
+$208M |
| 5 |
ConocoPhillips
COP
|
+$193M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$150M |
| 2 |
Comcast
CMCSA
|
+$145M |
| 3 |
Marathon Petroleum
MPC
|
+$142M |
| 4 |
Chevron
CVX
|
+$133M |
| 5 |
Apple
AAPL
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 21.52% |
| 2 | Energy | 12.68% |
| 3 | Consumer Discretionary | 11.38% |
| 4 | Technology | 9.61% |
| 5 | Financials | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1151
Pampa Energía
PAM
$4.26B
| – | – |
-276,470
| Closed | -$8.58M |
|
|
PARA
1152
CALL
DELISTED
Paramount Global Class B
PARA
| – | – |
-400,000
| Closed | -$23M |
|
1153
PUT
Paychex
PAYX
$44.3B
| – | – |
-950,000
| Closed | -$70M |
|
1154
PACCAR
PCAR
$69B
| – | – |
-35,550
| Closed | -$1.62M |
|
1155
PetMed Express
PETS
$38.2M
| – | – |
-90,818
| Closed | -$3M |
|
1156
Pool Corp
POOL
$6.83B
| – | – |
-4,300
| Closed | -$718K |
|
|
PRO
1157
DELISTED
PROS Holdings
PRO
| – | – |
-29,300
| Closed | -$1.03M |
|
1158
Quanta Services
PWR
$96.1B
| – | – |
-25,000
| Closed | -$835K |
|
1159
Papa John's
PZZA
$788M
| – | – |
-395,419
| Closed | -$20.3M |
|
1160
CALL
Invesco QQQ Trust
QQQ
$487B
| – | – |
-10,000
| Closed | -$1.86M |
|
|
1161
PUT
Invesco QQQ Trust
QQQ
$487B
| – | – |
-125,000
| Closed | -$23.2M |
|
1162
CALL
Ferrari
RACE
$76.7B
| – | – |
-25,000
| Closed | -$3.42M |
|
|
1163
Ferrari
RACE
$76.7B
| – | – |
-121,300
| Closed | -$16.6M |
|
1164
RH
RH
$2.9B
| – | – |
-169,120
| Closed | -$22.2M |
|
1165
Transocean
RIG
$6.61B
| – | – |
-391,200
| Closed | -$5.46M |
|
1166
Raymond James Financial
RJF
$33.7B
| – | – |
-25,350
| Closed | -$1.56M |
|
1167
Rockwell Automation
ROK
$48.5B
| – | – |
-67,200
| Closed | -$12.6M |
|
1168
Ross Stores
ROST
$76.7B
| – | – |
-51,880
| Closed | -$5.14M |
|
1169
Regal Rexnord
RRX
$11.1B
| – | – |
-160,600
| Closed | -$13.2M |
|
1170
PUT
RTX Corp
RTX
$283B
| – | – |
-397,409
| Closed | -$35M |
|
1171
Revvity
RVTY
$13.9B
| – | – |
-15,000
| Closed | -$1.46M |
|
1172
PUT
Starbucks
SBUX
$122B
| – | – |
-300,000
| Closed | -$17.1M |
|
|
SFIX
1173
Stitch Fix
SFIX
$446M
| – | – |
-25,000
| Closed | -$1.09M |
|
1174
Surgery Partners
SGRY
$1.9B
| – | – |
-303,856
| Closed | -$5.01M |
|
1175
SiriusXM
SIRI
$9.67B
| – | – |
-179,404
| Closed | -$11.3M |
|
Similar funds
Steven Cohen's Q4 2018 Portfolio in Review
As of Q4 2018, Steven Cohen held 1,363 positions worth $20.5B, down 16% from $24.3B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Steven Cohen deployed $927M of net new capital in Q4 2018, opening 384 new positions and adding to 273 existing holdings. Its largest new stake was Citigroup: 3,496,120 shares worth $182M.
By sector, the portfolio is most concentrated in Healthcare at 22% of assets, up from 16% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Microsoft, an estimated $150M trimmed.
- Steven Cohen's largest Q4 2018 buy was Citigroup: 3,496,120 shares worth $182M.
- Steven Cohen added most to Ovintiv in Q4 2018, an estimated $223M increase.
- Steven Cohen's biggest Q4 2018 reduction was Microsoft, cutting an estimated $150M.
- Steven Cohen fully exited Royal Dutch Shell PLC ADS Class A in Q4 2018, selling an estimated $124M.
- Steven Cohen's ten largest holdings make up 10% of its $20.5B portfolio in Q4 2018.
- Steven Cohen opened 384 new positions and closed 441 in Q4 2018.
- Steven Cohen's portfolio value fell 16% quarter-over-quarter to $20.5B.
Based on Point72 Asset Management's 13F filing for Q4 2018, filed 14 Feb 2019.