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Great investors · Steve Cohen · Q1 2025

What Steve Cohen bought and sold in Q1 2025

Point72 13F portfolio as of Mar 31, 2025: 1,164 positions worth $34.4 bn. Largest: DHR, AMZN, MSFT, SE. Filed with the SEC on Jul 21, 2025.

The 13F is filed by Point72, not by Steve Cohen personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.

Buys in Q1 2025

Sells in Q1 2025

13 companies with material moves, out of 13 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.

The full 13F, line by line

Point72's Q1 2025 13F lists 1,164 lines of US-listed securities worth $34.4 bn; the largest is DHR at 1.89% of the portfolio. It was accepted by the SEC on Jul 21, 2025 at 4:30 PM ET.

Against the previous quarter, it opened 431 positions (AMD, HON, FE and PINS and 427 more), closed 454 (UNP, AAL, MRVL and UBER and 450 more), added to 192 (DDOG, CPNG, CNQ and EXR and 188 more) and trimmed 98 (AMZN, NVDA, KO and TSM and 94 more). 11 lines show the same number of shares.

#CompanySharesValueWeightChange in shares
1Danaher DHR3.2 M$649M1.89%+135%
2Amazon.com AMZN3.2 M$599M1.74%−25%
3Microsoft MSFT1.5 M$552M1.60%−13%
4Sea SE3.1 M$399M1.16%+41%
5Walt Disney DIS3.7 M$365M1.06%+19%
6Meta Platforms META628,604$362M1.05%+585%
7Intuit INTU552,600$339M0.99%no change
8Analog Devices ADI1.7 M$339M0.99%+461%
9Taiwan Semiconductor Manufacturing TSM1.9 M$312M0.91%−25%
10American Tower AMT1.4 M$303M0.88%+113%
11MACOM Technology Solutions Holdings MTSI2.8 M$279M0.81%+41%
12Spotify Technology SPOT505,476$278M0.81%+45%
13Boeing BA1.6 M$273M0.80%+1.3%
14ConocoPhillips COP2.5 M$264M0.77%−11%
15Pg&e PCG15.1 M$260M0.76%+27%
16UnitedHealth Group UNH495,821$260M0.76%+32%
17Tower Semiconductor TSEM7.3 M$259M0.75%+93%
18Entergy ETR3.0 M$254M0.74%−7.3%
19Credo Technology Group Holding CRDO6.2 M$249M0.72%+101%
20Diamondback Energy FANG1.5 M$247M0.72%+102%
21Mongodb MDB1.4 M$245M0.71%+484%
22Booking Holdings BKNG52,069$240M0.70%+37%
23Lumentum Holdings LITE3.8 M$239M0.69%+30%
24Keurig Dr Pepper KDP6.9 M$234M0.68%+95%
25Adobe ADBE608,089$233M0.68%−19%
26Corning GLW5.1 M$232M0.68%+183%
27GoDaddy GDDY1.3 M$232M0.67%+150%
28NVIDIA NVDA2.1 M$227M0.66%−50%
29Coherent COHR3.5 M$226M0.66%+123%
30Advanced Micro Devices AMD2.2 M$223M0.65%new
31Bank of America BAC5.2 M$217M0.63%+262%
32Evergy EVRG3.1 M$217M0.63%+35%
33Canadian Natural Resources CNQ7.0 M$216M0.63%×20
34Charles Schwab SCHW2.7 M$208M0.60%+199%
35Ishares Bitcoin Trust ETF IBIT4.3 M$199M0.58%+49%
36Boston Scientific BSX1.9 M$190M0.55%−16%
37Broadcom AVGO1.1 M$190M0.55%+78%
38Keysight Technologies KEYS1.2 M$187M0.54%+24%
39Honeywell International HON883,831$187M0.54%new
40Vistra Operations VST1.6 M$185M0.54%+85%
41Tapestry TPR2.6 M$185M0.54%+69%
42Carvana CVNA882,148$184M0.54%+56%
43Capital One Financial COF1.0 M$184M0.54%+169%
44Performance Food Group PFGC2.3 M$182M0.53%+9.9%
45Iron Mountain IRM2.1 M$179M0.52%+73%
46MercadoLibre MELI88,184$172M0.50%+11%
47Autodesk ADSK644,349$169M0.49%−36%
48Firstenergy FE4.1 M$167M0.49%new
49Verisign VRSN650,418$165M0.48%−6.1%
50FedEx FDX613,027$149M0.43%−25%
51Comcast CMCSA4.0 M$149M0.43%+98%
52Jabil JBL1.1 M$144M0.42%+9.9%
53Arista Networks ANET1.9 M$144M0.42%−38%
54Kroger KR2.1 M$144M0.42%−53%
55Pinterest PINS4.6 M$142M0.41%new
56Wells Fargo WFC2.0 M$142M0.41%+63%
57Repligen RGEN1.1 M$142M0.41%+22%
58AutoZone AZO36,599$140M0.41%new
59HubSpot HUBS239,387$137M0.40%+37%
60Pagseguro Digital PAGS17.9 M$137M0.40%−7.7%
61Cardinal Health CAH989,093$136M0.40%−27%
62Coca-Cola KO1.9 M$136M0.40%−67%
63Cisco Systems CSCO2.2 M$135M0.39%−44%
64State Street SPDR P Int C Corp ETF SPIB4.1 M$135M0.39%no change
65Carnival CCL6.9 M$135M0.39%−41%
66StoneCo STNE12.8 M$134M0.39%−8.2%
67Royal Caribbean Cruises RCL619,969$127M0.37%+17%
68iShares 1-5y INV Grade ETF IGSB2.4 M$127M0.37%+116%
69Procter & Gamble PG736,248$125M0.37%new
70Bath & Body Works BBWI4.1 M$123M0.36%+5.1%
71Cencora COR435,734$121M0.35%new
72Exelon EXC2.6 M$121M0.35%new
73Novartis NVS1.1 M$121M0.35%new
74Flutter Entertainment FLUT543,497$120M0.35%−2%
75Ciena CIEN2.0 M$120M0.35%+681%
76Dollar Tree DLTR1.6 M$120M0.35%−6.2%
77TransDigm Group TDG86,382$119M0.35%−35%
78Teledyne Technologies TDY239,467$119M0.35%−23%
79Charter Communications CHTR320,516$118M0.34%+24%
80Seagate Technology Holdings STX1.4 M$116M0.34%−25%
81Clorox CLX782,434$115M0.34%+7.6%
82Mosaic MOS4.2 M$113M0.33%+168%
83Range Resources RRC2.8 M$111M0.32%new
84Intuitive Surgical ISRG223,745$111M0.32%−34%
85Draftkings DKNG3.3 M$108M0.31%−39%
86Fair Isaac FICO58,395$108M0.31%new
87Edwards Lifesciences EW1.5 M$106M0.31%+150%
88TXNM Energy TXNM2.0 M$106M0.31%+16%
89Johnson Controls International JCI1.3 M$106M0.31%+157%
90Netflix NFLX112,509$105M0.31%−52%
91Northrop Grumman NOC204,080$104M0.30%new
92Dynatrace DT2.2 M$104M0.30%+55%
93Halliburton HAL4.1 M$104M0.30%new
94Steris STE458,022$104M0.30%new
95Freeport-McMoRan FCX2.7 M$102M0.30%new
96Snowflake SNOW691,031$101M0.29%−60%
97JD.com JD2.4 M$100M0.29%−35%
98Southwest Airlines LUV2.9 M$98.4M0.29%new
99D.R. Horton DHI765,992$97.4M0.28%new
100Canadian National Railway CNI976,943$95.2M0.28%+41%

The 100 largest lines are shown. The other 1,064 add up to 44.9% of the portfolio; full 13F of Point72 →

Positions it closed (454)

The 200 largest are listed.

One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.

Original documents: Point72's 13F filings on EDGAR (SEC) ↗

Full 13F of Point72: sectors and history →

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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.

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