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 |
Palantir
PLTR
|
+$284M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$243M |
| 3 |
Eli Lilly
LLY
|
+$204M |
| 4 |
Meta Platforms (Facebook)
META
|
+$191M |
| 5 |
Microsoft
MSFT
|
+$134M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IMMU
Immunomedics Inc
IMMU
|
+$205M |
| 2 |
Merck
MRK
|
+$169M |
| 3 |
Canadian National Railway
CNI
|
+$131M |
| 4 |
NXP Semiconductors
NXPI
|
+$119M |
| 5 |
Fidelity National Information Services
FIS
|
+$119M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.77% |
| 2 | Technology | 20.47% |
| 3 | Consumer Discretionary | 13.53% |
| 4 | Financials | 8.97% |
| 5 | Communication Services | 7.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Global Payments
GPN
$24.7B
| $48.4M | 0.25% |
272,461
-379,090
| -58% | -$65.6M |
|
102
CALL
Amazon
AMZN
$2.79T
| $47.2M | 0.24% |
+300,000
| New | +$47.3M |
|
103
Jazz Pharmaceuticals
JAZZ
$16.5B
| $46.5M | 0.24% |
326,289
-19,850
| -6% | -$2.46M |
|
104
AutoZone
AZO
$48.3B
| $45.9M | 0.23% |
38,940
-57,763
| -60% | -$68.2M |
|
105
Rackspace Technology
RXT
$846M
| $45.5M | 0.23% |
+2,356,247
| New | +$43.1M |
|
|
BAND
106
Bandwidth Inc
BAND
$1.53B
| $45.3M | 0.23% |
259,284
+53,319
| +26% | +$7.89M |
|
107
ON Semiconductor
ON
$28.9B
| $44.9M | 0.23% |
2,067,925
+687,162
| +50% | +$14.6M |
|
108
American Eagle Outfitters
AEO
$2.71B
| $44.6M | 0.23% |
3,011,428
-826,464
| -22% | -$9.86M |
|
109
SLB Ltd
SLB
$79.9B
| $44.6M | 0.23% |
2,863,624
-1,154,740
| -29% | -$21.5M |
|
110
United Therapeutics
UTHR
$22B
| $44.5M | 0.23% |
440,527
+171,218
| +64% | +$18.8M |
|
|
CXO
111
DELISTED
CONCHO RESOURCES INC.
CXO
| $44.3M | 0.23% |
1,004,210
-1,221,192
| -55% | -$60.9M |
|
112
RingCentral
RNG
$5.6B
| $44.2M | 0.23% |
161,020
+103,300
| +179% | +$28.7M |
|
113
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $44M | 0.23% |
327,000
-327,000
| -50% | -$44.6M |
|
114
Dollar General
DG
$27.2B
| $43.6M | 0.22% |
207,828
-166,310
| -44% | -$32.7M |
|
115
Melco Resorts & Entertainment
MLCO
$2.09B
| $43.4M | 0.22% |
2,604,709
+2,460,609
| +1,708% | +$43.6M |
|
116
Gentex
GNTX
$4.98B
| $42.6M | 0.22% |
1,654,014
+995,983
| +151% | +$26.5M |
|
117
Estee Lauder
EL
$36.9B
| $41.8M | 0.21% |
+191,608
| New | +$39.4M |
|
118
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $40.8M | 0.21% |
+272,500
| New | +$41M |
|
119
Targa Resources
TRGP
$64.1B
| $40.6M | 0.21% |
2,895,805
+1,160,191
| +67% | +$20.4M |
|
120
Otis Worldwide
OTIS
$27.2B
| $40.2M | 0.21% |
644,642
+50,497
| +8% | +$3.09M |
|
121
Shopify
SHOP
$192B
| $40.2M | 0.21% |
393,330
+299,460
| +319% | +$29.8M |
|
|
AVYA
122
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $40.2M | 0.21% |
2,646,245
+156,067
| +6% | +$2.21M |
|
|
LBRDK
123
DELISTED
Liberty Broadband Class C
LBRDK
| $40.2M | 0.21% |
281,098
+236,098
| +525% | +$32.4M |
|
124
Cigna
CI
$73.3B
| $40M | 0.2% |
+236,120
| New | +$41.6M |
|
125
Parker-Hannifin
PH
$126B
| $39.9M | 0.2% |
197,102
+142,662
| +262% | +$28.1M |
|
Similar funds
Steven Cohen's Q3 2020 Portfolio in Review
As of Q3 2020, Steven Cohen held 1,184 positions worth $19.5B, up 27% from $15.3B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Steven Cohen deployed $3.06B of net new capital in Q3 2020, opening 406 new positions and adding to 253 existing holdings. Its largest new stake was Palantir: 29,904,230 shares worth $284M.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, down from 23% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Immunomedics Inc, an estimated $205M trimmed.
- Steven Cohen's largest Q3 2020 buy was Palantir: 29,904,230 shares worth $284M.
- Steven Cohen added most to Alphabet (Google) Class A in Q3 2020, an estimated $243M increase.
- Steven Cohen's biggest Q3 2020 reduction was Immunomedics Inc, cutting an estimated $205M.
- Steven Cohen fully exited Salesforce in Q3 2020, selling an estimated $105M.
- Steven Cohen's ten largest holdings make up 16% of its $19.5B portfolio in Q3 2020.
- Steven Cohen opened 406 new positions and closed 288 in Q3 2020.
- Steven Cohen's portfolio value rose 27% quarter-over-quarter to $19.5B.
Based on Point72 Asset Management's 13F filing for Q3 2020, filed 16 Nov 2020.