Insights from the Latest 13F Filing Reflect Strategic Shifts in Cohen’s Investment Approach

Steven Cohen (Trades, Portfolio), the renowned investor and hedge fund manager, has made significant changes to his investment portfolio in the fourth quarter of 2023, as revealed by the latest 13F filing. As the Chairman and CEO of Point72 Asset Management, Cohen has a storied career in the financial markets, founding S.A.C. Capital Advisors in 1992 and later transforming it into the Point72 family office in 2014. With a B.S. in Economics from The Wharton School, Cohen’s investment philosophy is deeply rooted in a fundamental, bottom-up research process, complemented by macro insights. His firm primarily focuses on Long/Short equity strategies, utilizing a multi-manager platform. Beyond finance, Cohen is also known for his venture capital and private equity endeavors, ownership of the New York Mets, and philanthropic efforts.

Steven Cohen (Trades, Portfolio)’s Point72 Asset Management has expanded its portfolio with the addition of 411 new stocks. Noteworthy new positions include:

In addition to new acquisitions, Cohen has significantly increased stakes in several existing holdings:

Cohen’s firm completely exited 794 holdings in the fourth quarter of 2023, including:

Point72 also reduced positions in 376 stocks. The most significant reductions include:

At the end of the fourth quarter of 2023, Steven Cohen (Trades, Portfolio)’s portfolio encompassed 2,033 stocks. The top holdings included 1.74% in Inc (NASDAQ:AMZN), 0.86% in Meta Platforms Inc (NASDAQ:META), 0.76% in Dell Technologies Inc (NYSE:DELL), 0.71% in Union Pacific Corp (NYSE:UNP), and 0.68% in NVIDIA Corp (NASDAQ:NVDA). The investments are predominantly concentrated across 11 industries, with a focus on Healthcare, Technology, Consumer Cyclical, and Industrials, among others.

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