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Steven Cohen and Point72 Asset Management’s 4Q14 Positions

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Point72 Asset Management’s 4Q14 portfolio

Steven Cohen’s Point72 Asset Management, formerly SAC Capital Advisors, disclosed new positions in its 13F filing last month. The fund makes significant quantitative and macro investments.

The fund’s portfolio increased by 7.25% to $14.25 billion in 4Q14. The fourth quarter ended in December.

In this series, we’ll highlight the top positions that the fund traded during 4Q14.

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Key positions traded by Point72 Asset Management in 4Q14

During 4Q14, Point72 Asset Management started new positions in EMC Corp. (EMC), LinkedIn (LNKD), and Gilead Sciences (GILD). It exited positions in LyondellBasell Industries NV (LYB), Talisman Energy (TLM), Southwestern Energy (SWN), and Qihoo 360 Technology (QIHU). It increased stakes in Facebook (FB), General Motors (GM), and Valero Energy (VLO). It reduced its positions in Baker Hughes (BHI), Micron Technology (MU), Devon Energy (DVN), Valeant Pharmaceuticals (VRX), and Suncor Energy (SU).

Point72 exited or significantly reduced its position in oil companies. This might be due to the sharp decline in oil prices.

The above chart shows Point72’s top ten positions held at the end of 4Q14. The fund’s top positions include the SPDR S&P 500 ETF (SPY), Tyson Foods (TSN), and Rackspace Hosting Inc. (RAX).

Read, Key takeaways from Point72 Asset Management’s 13G filings and Assessing Point72 Asset Management’s 3Q14 positions to learn more about the 3Q14 portfolio and 13G filings.

In the next part of this series, we’ll discuss Point72’s position change in EMC Corp. (EMC).

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