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% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1201
CALL
J.M. Smucker
SJM
$13.3B
| – | – |
-100,000
| Closed | -$10.7M |
|
1202
Sol-Gel Technologies
SLGL
$254M
| – | – |
-900
| Closed | -$69K |
|
1203
SM Energy
SM
$8.85B
| – | – |
-215,700
| Closed | -$5.54M |
|
|
SOHU
1204
Sohu.com
SOHU
$372M
| – | – |
-21,000
| Closed | -$746K |
|
1205
PUT
Sarepta Therapeutics
SRPT
$1.98B
| – | – |
-25,000
| Closed | -$3.31M |
|
1206
Scholar Rock
SRRK
$6.88B
| – | – |
-9,700
| Closed | -$151K |
|
1207
CALL
Stellantis
STLA
$20.4B
| – | – |
-200,000
| Closed | -$3.78M |
|
1208
Steel Dynamics
STLD
$32.8B
| – | – |
-130,000
| Closed | -$5.97M |
|
1209
Seagate
STX
$193B
| – | – |
-4,000
| Closed | -$226K |
|
1210
Stanley Black & Decker
SWK
$15.1B
| – | – |
-128,900
| Closed | -$17.1M |
|
1211
Smith & Wesson
SWBI
$632M
| – | – |
-1,048,086
| Closed | -$9.69M |
|
1212
Teradata
TDC
$2.58B
| – | – |
-821,669
| Closed | -$33M |
|
1213
Teledyne Technologies
TDY
$29.5B
| – | – |
-14,400
| Closed | -$2.87M |
|
|
TEF
1214
DELISTED
Telefonica
TEF
| – | – |
-250,926
| Closed | -$1.73M |
|
1215
Teradyne
TER
$58.7B
| – | – |
-741,463
| Closed | -$28.2M |
|
1216
Terex
TEX
$7.6B
| – | – |
-50,000
| Closed | -$2.11M |
|
1217
Teleflex
TFX
$5.88B
| – | – |
-87,500
| Closed | -$23.5M |
|
1218
Target
TGT
$75.1B
| – | – |
-72,800
| Closed | -$5.54M |
|
1219
Travel + Leisure Co
TNL
$4.39B
| – | – |
-137,600
| Closed | -$6.09M |
|
1220
Targa Resources
TRGP
$64.1B
| – | – |
-142,400
| Closed | -$7.05M |
|
1221
Thomson Reuters
TRI
$45.7B
| – | – |
-145,674
| Closed | -$6.82M |
|
1222
CALL
Tyson Foods
TSN
$20.6B
| – | – |
-50,000
| Closed | -$3.44M |
|
1223
Texas Roadhouse
TXRH
$13.4B
| – | – |
-142,100
| Closed | -$9.31M |
|
1224
Textron
TXT
$14.3B
| – | – |
-234,364
| Closed | -$15.4M |
|
1225
CALL
United Airlines
UAL
$36.7B
| – | – |
-70,000
| Closed | -$4.88M |
|
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.