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 |
Micron Technology
MU
|
+$225M |
| 2 |
AMRN
Amarin Corp
AMRN
|
+$129M |
| 3 |
CSX Corp
CSX
|
+$127M |
| 4 |
Las Vegas Sands
LVS
|
+$127M |
| 5 |
Equitable Holdings
EQH
|
+$126M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$242M |
| 2 |
Salesforce
CRM
|
+$163M |
| 3 |
IQVIA
IQV
|
+$145M |
| 4 |
Dell
DELL
|
+$129M |
| 5 |
XLNX
Xilinx Inc
XLNX
|
+$128M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.5% |
| 2 | Healthcare | 17.02% |
| 3 | Consumer Discretionary | 15.13% |
| 4 | Financials | 14.35% |
| 5 | Industrials | 8.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Liberty Media Series C
FWONK
$26.3B
| $20.3M | 0.17% |
771,553
-558,497
| -42% | -$21.4M |
|
|
SGI
177
Somnigroup International
SGI
$13.6B
| $20.2M | 0.16% |
1,844,320
+159,296
| +9% | +$3.03M |
|
178
American Tower
AMT
$81.9B
| $20.1M | 0.16% |
+92,473
| New | +$21.5M |
|
179
Lowe's Companies
LOW
$121B
| $19.9M | 0.16% |
231,678
+112,833
| +95% | +$12.3M |
|
180
Burlington
BURL
$20.6B
| $19.9M | 0.16% |
125,700
+48,317
| +62% | +$10.2M |
|
181
Etsy
ETSY
$7.44B
| $19.9M | 0.16% |
518,156
-50,126
| -9% | -$2.45M |
|
182
L3Harris
LHX
$49.7B
| $19.8M | 0.16% |
109,806
-334,958
| -75% | -$68.7M |
|
183
EQT Corp
EQT
$33.6B
| $19.8M | 0.16% |
+2,794,551
| New | +$19.6M |
|
|
DRNA
184
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $19.7M | 0.16% |
1,073,881
-186,335
| -15% | -$3.62M |
|
185
DuPont de Nemours
DD
$18.7B
| $19.6M | 0.16% |
458,856
-942,853
| -67% | -$57.7M |
|
186
Bankunited
BKU
$3.3B
| $19.6M | 0.16% |
1,048,064
+409,372
| +64% | +$12.2M |
|
|
CVET
187
DELISTED
Covetrus, Inc. Common Stock
CVET
| $19.5M | 0.16% |
+2,389,596
| New | +$27.3M |
|
188
Parker-Hannifin
PH
$126B
| $19.3M | 0.16% |
+148,400
| New | +$26.9M |
|
189
Regions Financial
RF
$25.9B
| $19.2M | 0.16% |
2,138,790
+1,461,590
| +216% | +$20.5M |
|
190
3M
MMM
$92.3B
| $19.1M | 0.16% |
+167,641
| New | +$22.1M |
|
191
Perrigo
PRGO
$1.98B
| $19.1M | 0.16% |
397,598
+374,498
| +1,621% | +$20.1M |
|
192
Danaher
DHR
$154B
| $19.1M | 0.16% |
+155,750
| New | +$21M |
|
193
OneMain Financial
OMF
$7.27B
| $19.1M | 0.15% |
996,491
+541,527
| +119% | +$20.2M |
|
194
Lamb Weston
LW
$7.38B
| $19M | 0.15% |
+332,579
| New | +$27.3M |
|
195
Annaly Capital Management
NLY
$17.5B
| $18.9M | 0.15% |
+932,335
| New | +$32.8M |
|
196
Arthur J. Gallagher & Co
AJG
$67.6B
| $18.9M | 0.15% |
231,300
+127,800
| +123% | +$12.2M |
|
|
CALA
197
DELISTED
Calithera Biosciences, Inc
CALA
| $18.8M | 0.15% |
211,250
+160,951
| +320% | +$19.2M |
|
198
Prologis
PLD
$135B
| $18.8M | 0.15% |
+233,322
| New | +$20.4M |
|
199
Alaska Air
ALK
$4.51B
| $18.7M | 0.15% |
657,491
+45,649
| +7% | +$2.48M |
|
200
Aon
AON
$75.3B
| $18.7M | 0.15% |
113,116
-47,284
| -29% | -$9.68M |
|
Similar funds
Steven Cohen's Q1 2020 Portfolio in Review
As of Q1 2020, Steven Cohen held 1,235 positions worth $12.3B, down 35% from $19B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Steven Cohen withdrew a net $2.25B in Q1 2020, closing 490 positions and reducing 201 holdings. Its most notable exit was IQVIA, an estimated $145M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Steven Cohen opened a new position in Take-Two Interactive worth $125M.
- Steven Cohen's largest Q1 2020 buy was Take-Two Interactive: 1,054,856 shares worth $125M.
- Steven Cohen added most to Micron Technology in Q1 2020, an estimated $225M increase.
- Steven Cohen's biggest Q1 2020 reduction was PayPal, cutting an estimated $242M.
- Steven Cohen fully exited IQVIA in Q1 2020, selling an estimated $145M.
- Steven Cohen's ten largest holdings make up 16% of its $12.3B portfolio in Q1 2020.
- Steven Cohen opened 318 new positions and closed 490 in Q1 2020.
- Steven Cohen's portfolio value fell 35% quarter-over-quarter to $12.3B.
Based on Point72 Asset Management's 13F filing for Q1 2020, filed 15 May 2020.