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 |
ServiceNow
NOW
|
+$228M |
| 2 |
MGM Resorts International
MGM
|
+$177M |
| 3 |
Global Payments
GPN
|
+$140M |
| 4 |
PepsiCo
PEP
|
+$131M |
| 5 |
Dell
DELL
|
+$123M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$181M |
| 2 |
Meta Platforms (Facebook)
META
|
+$181M |
| 3 |
ConocoPhillips
COP
|
+$168M |
| 4 |
Fidelity National Information Services
FIS
|
+$165M |
| 5 |
HCA Healthcare
HCA
|
+$143M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.13% |
| 2 | Consumer Discretionary | 16.02% |
| 3 | Healthcare | 15.91% |
| 4 | Financials | 12.17% |
| 5 | Industrials | 7.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
FirstEnergy
FE
$26.6B
| – | – |
-657,426
| Closed | -$28.1M |
|
1227
Franklin Electric
FELE
$4.6B
| – | – |
-200
| Closed | -$10K |
|
1228
First Interstate BancSystem
FIBK
$3.57B
| – | – |
-2,100
| Closed | -$83K |
|
|
FITB
1229
Fifth Third Bancorp
FITB
$49.7B
| – | – |
-5,800
| Closed | -$162K |
|
1230
CALL
Five Below
FIVE
$13.8B
| – | – |
-50,000
| Closed | -$6M |
|
1231
Comfort Systems
FIX
$58.3B
| – | – |
-1,400
| Closed | -$71K |
|
1232
Flex
FLEX
$40.8B
| – | – |
-5,573
| Closed | -$40K |
|
1233
Flowers Foods
FLO
$1.47B
| – | – |
-6,200
| Closed | -$144K |
|
1234
Fluor
FLR
$7.01B
| – | – |
-3,000
| Closed | -$101K |
|
1235
Flowserve
FLS
$10.1B
| – | – |
-204,832
| Closed | -$10.8M |
|
1236
Freshpet
FRPT
$3.55B
| – | – |
-6,764
| Closed | -$308K |
|
1237
Frontdoor
FTDR
$5.69B
| – | – |
-158,096
| Closed | -$6.88M |
|
1238
GoDaddy
GDDY
$12.3B
| – | – |
-17,300
| Closed | -$1.21M |
|
|
GES
1239
DELISTED
Guess Inc
GES
| – | – |
-11,476
| Closed | -$185K |
|
1240
Gildan
GIL
$10.4B
| – | – |
-304,144
| Closed | -$11.8M |
|
1241
Gilead Sciences
GILD
$181B
| – | – |
-10,100
| Closed | -$682K |
|
1242
General Mills
GIS
$21.4B
| – | – |
-216,915
| Closed | -$11.4M |
|
1243
Glaukos
GKOS
$10.9B
| – | – |
-149,354
| Closed | -$11.3M |
|
1244
Globe Life
GL
$13.1B
| – | – |
-398
| Closed | -$36K |
|
|
GLDD
1245
DELISTED
Great Lakes Dredge & Dock
GLDD
| – | – |
-21,152
| Closed | -$234K |
|
1246
PUT
General Motors
GM
$77.2B
| – | – |
-600,000
| Closed | -$23.1M |
|
1247
GameStop
GME
$8.17B
| – | – |
-11,600
| Closed | -$12.5K |
|
|
GOOS
1248
Canada Goose Holdings
GOOS
$854M
| – | – |
-6,468
| Closed | -$251K |
|
1249
Gossamer Bio
GOSS
$75.6M
| – | – |
-119,673
| Closed | -$2.65M |
|
1250
Genuine Parts
GPC
$18.5B
| – | – |
-2,300
| Closed | -$238K |
|
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Steven Cohen's Q3 2019 Portfolio in Review
As of Q3 2019, Steven Cohen held 1,636 positions worth $16.3B, down 15% from $19.1B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Steven Cohen withdrew a net $2.29B in Q3 2019, closing 548 positions and reducing 273 holdings. Its most notable exit was Noble Energy, Inc., an estimated $125M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Steven Cohen opened a new position in MGM Resorts International worth $171M.
- Steven Cohen's largest Q3 2019 buy was MGM Resorts International: 6,175,717 shares worth $171M.
- Steven Cohen added most to ServiceNow in Q3 2019, an estimated $228M increase.
- Steven Cohen's biggest Q3 2019 reduction was Broadcom, cutting an estimated $181M.
- Steven Cohen fully exited Noble Energy, Inc. in Q3 2019, selling an estimated $125M.
- Steven Cohen's ten largest holdings make up 14% of its $16.3B portfolio in Q3 2019.
- Steven Cohen opened 338 new positions and closed 548 in Q3 2019.
- Steven Cohen's portfolio value fell 15% quarter-over-quarter to $16.3B.
Based on Point72 Asset Management's 13F filing for Q3 2019, filed 15 Nov 2019.