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 | |
|---|---|---|---|---|---|---|
1226
State Street
STT
$52.1B
| – | – |
-23,009
| Closed | -$1.45M |
|
1227
Constellation Brands
STZ
$23.6B
| – | – |
-371,083
| Closed | -$59.7M |
|
1228
TAL Education Group
TAL
$6.32B
| – | – |
-20,700
| Closed | -$552K |
|
1229
Trip.com Group
TCOM
$28.9B
| – | – |
-600,000
| Closed | -$16.2M |
|
1230
Tenet Healthcare
THC
$22.4B
| – | – |
-821,100
| Closed | -$14.1M |
|
1231
Interface
TILE
$2.25B
| – | – |
-114,800
| Closed | -$1.64M |
|
1232
Texas Pacific Land
TPL
$25.7B
| – | – |
-55,179
| Closed | -$3.32M |
|
1233
Trinity Industries
TRN
$2.37B
| – | – |
-372,128
| Closed | -$7.66M |
|
1234
CALL
Tronox
TROX
$858M
| – | – |
-1,650,000
| Closed | -$12.8M |
|
|
TRUE
1235
DELISTED
TrueCar
TRUE
| – | – |
-60,100
| Closed | -$545K |
|
1236
Sixth Street Specialty
TSLX
$1.8B
| – | – |
-20,000
| Closed | -$362K |
|
1237
CALL
Tyson Foods
TSN
$20.5B
| – | – |
-100,000
| Closed | -$5.34M |
|
1238
CALL
Take-Two Interactive
TTWO
$44.8B
| – | – |
-30,000
| Closed | -$3.09M |
|
|
1239
Take-Two Interactive
TTWO
$44.8B
| – | – |
-903,251
| Closed | -$93M |
|
1240
Under Armour Class C
UA
$2.23B
| – | – |
-2,935
| Closed | -$47K |
|
1241
Unifirst Corp
UNF
$5.3B
| – | – |
-22,600
| Closed | -$3.23M |
|
1242
UnitedHealth
UNH
$355B
| – | – |
-248,676
| Closed | -$62M |
|
1243
Union Pacific
UNP
$183B
| – | – |
-117,957
| Closed | -$16.3M |
|
1244
Upbound Group
UPBD
$1.12B
| – | – |
-92,163
| Closed | -$1.49M |
|
1245
United Therapeutics
UTHR
$22B
| – | – |
-133,643
| Closed | -$14.6M |
|
|
1246
CALL
Visa
V
$711B
| – | – |
-650,000
| Closed | -$85.8M |
|
|
1247
Visa
V
$711B
| – | – |
-1,652,368
| Closed | -$218M |
|
1248
Verisk Analytics
VRSK
$24.9B
| – | – |
-83,400
| Closed | -$9.09M |
|
1249
Catheter Precision
VTAK
$727K
| – | – |
0
| – | -$228K |
|
1250
NCR Voyix
VYX
$1.1B
| – | – |
-278,331
| Closed | -$3.94M |
|
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.