Point72 Asset Management Lp Equities Overview
Steve Cohen’s Point72 Asset Management Lp just filed its Q3 2015 13F. Dated 25/12/2015, the 13f filing reveals the hedge fund has a portfolio value of $12.74 billion, representing a decrease of $1.70 billion from the previous quarter when it was $14.44 billion. Note: This filling reprents only assets that which are listed in the US.
|Previous Mkt Value:||$14,438,414,000|
|Chg Mkt Value %:||-11.77 %|
|Turnover %:||44.29 %|
|Top 10 Holdings %:||13.71%|
In this quarter, Steve Cohen’s Point72 Asset Management Lp started new positions in Spdr Gold Trust (Call) (GLD) for $133.58 million, Lilly Eli & Co (LLY) for $122.97 million, Powershares Qqq Trust (Put) (QQQ) for $68.94 million, Kraft Heinz Co for $54.76 million and American Axle & Mfg Hldgs In (AXL) for $54.00 million. These were the 5 biggest new positions. In total the hedge fund bought 271 new stocks.
|Top 5 New Buys|
|Spdr Gold Trust (Call)||1.05%|
|Lilly Eli & Co||0.97%|
|Powershares Qqq Trust (Put)||0.54%|
|Kraft Heinz Co||0.43%|
|American Axle & Mfg Hldgs In||0.42%|
|13F Sector Allocation|
|Consumer Discretionary||21 %|
|Health Care||16 %|
|Information Technology||9 %|
As shown in this 13f filing the hedge fund upped its stakes in Amazon Com Inc (AMZN) by 15% to $316.45 million, Zoetis Inc (ZTS) by 13% to $197.20 million, Google Inc (GOOGL) by 11% to $215.25 million, Noble Energy Inc (NBL) by 10% to $110.37 million and Delek Us Hldgs Inc (DK) by 37% to $133.29 million. Point72 Asset Management Lp also acquired smaller stakes in Comcast Corp New (CMCSA) by 10.59% to $123.66 million, Wpx Energy Inc (WPX) by 53.84% to $87.95 million and Schlumberger Ltd (SLB) by 16.06% to $85.51 million. Building positions gradually is normal investment practice for many funds.
Steve Cohen’s fund got rid of its stakes in Time Warner Inc (TWX), Quanta Svcs Inc (PWR), Abbvie Inc (ABBV), Ebay Inc (EBAY) and Qep Res Inc (QEP). These stocks constituted 0.69 %, 0.65 %, 0.58 %, 0.32 % and 0.32 % of the manager’s portfolio, respectively. We can only speculate about the reasons for the selling but we believe it has to do with either value, momentum or a better place for Point72 Asset Management Lp’s capital.
The fund also decreased its postitons in Eog Res Inc (EOG) by -87.52%, Csx Corp (CSX) by -49.44%, Ishares Tr (Call) (IWM) by -99.16%, Ishares Tr (Put) (IWM) by -94.98% and Dollar Gen Corp New (DG) by -99.09%.
Top 3 Positions
Amazon Com Inc (AMZN), Spdr S&P 500 Etf Tr (Put) (SPY) and Google Inc (GOOGL) made up the majority of Point72 Asset Management Lp’s total US long portfolio in Q3 2015. These holdings were top 3 and constitute 5.97% of Point72 Asset Management Lp’s US-listed securities. The top 10 holdings make about 13.71% of the investment manager’s portfolio.
The table above provides an overview of Point72 Asset Management Lp’s top 10 US-listed positions in Q3 2015.
Point72 Asset Management Lp upped the materials sector from 6 % to 9 %. According to the 13f filing, the fund also has securities for 16 % in the health care sector. The information technology sector is 9 % of Point72 Asset Management Lp’s US-listed long portfolio. The fund decreased the Energy, Transports and Industrials sector stakes by 15 %, 19 % and 26 %, respectively.
So these are Q3 2015 fund’s sector weights now: consumer discretionary 21 % for $2.68 billion, health care 16 % for $2.04 billion, energy 15 % for $1.91 billion, information technology 9 % for $1.15 billion, materials 9 % for $1.15 billion, finance 8 % for $1.02 billion, industrials 7 % for $891.73 million, transports 4 % for $509.56 million, utilities & telecommunications 3 % for $382.17 million and consumer staples 3 % for $382.17 million.
Important Position Changes
Top 10 Q3 2015 New Positions: Spdr Gold Trust (Call) (GLD), Lilly Eli & Co (LLY), Powershares Qqq Trust (Put) (QQQ), Kraft Heinz Co, American Axle & Mfg Hldgs In (AXL), Zs Pharma Inc (ZSPH), Select Sector Spdr Tr (XLU), Westrock Co, Southern Copper Corp (SCCO) and Linear Technology Corp (LLTC).
Top 10 Q3 2015 Sold Out Completely: Time Warner Inc (TWX), Quanta Svcs Inc (PWR), Abbvie Inc (ABBV), Ebay Inc (EBAY), Qep Res Inc (QEP), Analog Devices Inc (ADI), Humana Inc (HUM), Bard C R Inc (BCR), Michael Kors Hldgs Ltd (KORS) and Lam Research Corp (LRCX).
13F Filing Link: 000114036115041751
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.