What Steven Cohen Is Doing With His Personal Wealth

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Point72 Asset Management is a group of hedge funds created by Steven Cohen in 2014 to succeed his legendary SAC Capital Advisors. The firm manages his personal assets, as well as those of certain eligible employees.

It has a highly diversified equity portfolio, worth about $14.25 billion, with a slight focus on consumer discretionary (20.7 percent) and energy (17.2 percent) stocks.

The investor recently disclosed his holdings as of the end of the fourth quarter of 2014, over which he started 290 new positions, increased his exposure to another 176 preexisting ones, decreased his bets on another 166 and exited 277.

Below are some highlights.

Adds

  • EMC Corporation EMC - 4,972,500 shares
  • LinkedIn Corp LNKD - 612,600 shares
  • Vmware, Inc. VMW - 1,516,900 shares
  • Gilead Sciences, Inc. GILD - 1,061,100 shares
  • Aaron's, Inc. AAN - 2,532,400 shares
  • News Corp NWSA - 4,918,251 shares
  • T-Mobile US Inc TMUS - 2,802,700 shares
  • Zoetis Inc ZTS - 1,718,300 shares
  • Oil States International, Inc. OIS - 1,490,100 shares
  • Phillips 66 PSX - 843,500 shares

Increases

  • Facebook Inc FB - up 523 percent to 2,347,000 shares
  • General Motors Company GM – up 565 percent to 4,415,700 shares
  • Valero Energy Corporation VLO – up 769 percent to 2,575,800 shares
  • Royal Dutch Shell plc (ADR) (NYSE: RDS-A) - up from 15,000 sharesto 1,522,700 shares
  • KAR Auction Services, Inc KAR - up 2,156 percent to 2,779,800 shares
  • Sunedison Inc SUNE - up from 20,000 shares to 4,669,105 shares
  • Time Warner Inc TWX - up 2,418 percent to 1,080,500 shares
  • Halliburton Company HAL – up 1,349 percent to 1,812,101 shares
  • Teekay Corporation TK - up 1,090 percent to 1,285,600 shares
  • Home Depot Inc HD - up 130 percent to 766,100 shares
  • Amazon.com, Inc. AMZN - up 160 percent to 260,000 shares
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Decreases

  • Baker Hughes Incorporated BHI – down 77 percent to 745,000 shares
  • Micron Technology, Inc. MU – down 80 percent to 1,138,400 shares
  • Devon Energy Corp DVN – down 61 percent to 1,044,900 shares
  • Valeant Pharmaceuticals Intl Inc VRX – down 87 percent to 132,300 shares
  • Suncor Energy Inc. SU – down 83 percent to 589,341 shares
  • Twitter Inc TWTR – down 80 percent to 463,800 shares
  • Laredo Petroleum Holdings, Inc. LPI – down 98 percent to 80,600 shares
  • Sirius XM Radio Inc. SIRI – down 54 percent to 23,593,100 shares
  • Tyson Foods, Inc. TSN – down 30 percent to 5,176,100 shares
  • Weatherford International Plc WFT – down 70 percent to 1,448,400 shares

Exits

  • LyondellBasell Industries NV LYB - 1,130,700 shares
  • Talisman Energy Inc. TLM - 10,744,200 shares
  • Southwestern Energy Company SWN - 2,124,400 shares
  • C&J Energy Services Inc CJES - 2,370,593 shares
  • Qihoo 360 Technology Co Ltd QIHU - 930,400 shares
  • Hershey Co HSY - 603,737 shares
  • Antero Resources Corp AR - 935,700 shares
  • Google Inc GOOGL - 82,000 shares
  • PBF Energy Inc PBF - 1,861,800 shares
  • Occidental Petroleum Corporation OXY - 502,452 shares
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Posted In: Long IdeasHedge FundsLegalTrading IdeasGeneralPoint72 Asset ManagementSAC Capital AdvisorsSteve Cohen
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