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% |
Similar funds
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.