Steve Cohens POINT72 ASSET MANAGEMENT Just Filed 13F Positions for Q3 2015

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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.

Portfolio Q32015
Market Value:$12,738,942,000
Previous Mkt Value:$14,438,414,000
Chg Mkt Value %:-11.77 %
Sentiment:
Turnover %:44.29 %
Stocks Activity
New Purchases:271
Additional Purchases:237
Sold out:232
Reduced:233
Top 10 Holdings %:13.71%

New Positions

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.

Portfolio New Buys

Top 5 New Buys
Spdr Gold Trust (Call)1.05%
Lilly Eli & Co0.97%
Powershares Qqq Trust (Put)0.54%
Kraft Heinz Co0.43%
American Axle & Mfg Hldgs In0.42%
13F Sector Allocation
Consumer Discretionary21 %
Health Care16 %
Energy15 %
Information Technology9 %
Materials9 %

Increased Positions

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.

Sold Positions

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.

Portfolio Sold All

Reduced Positions

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.

Portfolio Top Holdings

The table above provides an overview of Point72 Asset Management Lp’s top 10 US-listed positions in Q3 2015.

Sector Positions

Materials Sector Point72 Asset Management Lp - Steve CohenPoint72 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).

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Download the full 13F form in CSV: Q3-2015-Point72-Asset-Management-Lp-Steve-Cohen-13F-Portfolio-Stock-Holdings.csv

Research more Connecticut hedge funds in our free database. Read ‘What is a Hedge Fund’ at our Hedge Funds resource page.

13F Filing Link: 000114036115041751

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