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9 Stocks Steven Cohen Keeps Buying

- By Tiziano Frateschi

Point72 Asset Management was founded by Steven Cohen (Trades, Portfolio) in 2014 as the successor to SAC Capital. In both the second and third quarters, the guru invested in the following stocks:


JELD-WEN Holding Inc. (JELD)

In the second quarter, Cohen increased his stake by 67.67% and added another 74.16% in the third quarter. The guru holds 0.08% of the company"s outstanding shares. The building materials manufacturer has a market cap of $4.14 billion and an enterprise value of $5.18 billion.

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Richard Pzena (Trades, Portfolio) is the company"s largest guru shareholder with 3.72% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.09% and Paul Tudor Jones (Trades, Portfolio) with 0.06%.

ProPetro Holding Corp. (PUMP)

In the second quarter, Cohen increased his stake by 175.40% and by 27.51% in the third quarter. The guru holds 0.42% of the company"s outstanding shares. The oilfield services company has a market cap of $1.48 billion and an enterprise value of $1.47 billion.

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The company"s largest guru shareholder is Louis Moore Bacon (Trades, Portfolio) with 1.08% of outstanding shares, followed by T Boone Pickens (Trades, Portfolio) with 0.43% and Jones with 0.03%.

ABB Ltd. (ABB)

The guru boosted his stake by 334.55% in the second quarter and added another 512.53% in the third quarter. Cohen holds 0.02% of the company"s outstanding shares. The power and automation systems provider has a market cap of $53.47 billion and an enterprise value of $56.74 million.

Ken Fisher (Trades, Portfolio) is the company"s largest shareholder among the gurus with 0.41% of outstanding shares, followed by Simons with 0.06%, Sarah Ketterer (Trades, Portfolio) with 0.05% and Manning & Napier Advisors Inc. with 0.01%.

Cardiovascular Systems Inc. (CSII)

The position was boosted by 264.68% in the second quarter and was increased by 132.67% in the third quarter. Cohen holds 1.38% of the company"s outstanding shares. The medical devices manufacturer has a market cap of $831.88 million and an enterprise value of $747.56 million.

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The company"s largest guru shareholder is Simons with 1.55% of outstanding shares, followed by John Hussman (Trades, Portfolio) with 0.59%, Mario Gabelli (Trades, Portfolio) with 0.24%, Mairs and Power (Trades, Portfolio) with 0.22% and Jones with 0.06%.

Adamas Pharmaceuticals Inc. (ADMS)

Cohen increased his stake by 119.89% in the second quarter and boosted it by 639.27% in the third quarter . The guru holds 5.03% of the company"s outstanding shares. The pharmaceutical company has a market cap of $647.15 million and an enterprise value of $558.83 million.

Ron Baron (Trades, Portfolio) is another notable guru shareholder with 0.45% of outstanding shares.

Dermira Inc. (DERM)

Cohen increased his position by 43.59% in the second quarter and raised it by 621.81% in the third quarter. The guru holds 1.71% of the company"s outstanding shares. The biopharmaceutical company has a market cap of $1.02 billion and an enterprise value of $634.57 million.

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Another notable guru shareholder is Jana Partners (Trades, Portfolio) with 0.8% of outstanding shares, followed by Simons with 0.23% and Jones with 0.08%.

Incyte Corp. (INCY)

Cohen increased his holding by 36.99% in the second quarter and boosted it by 723% in the third quarter. The guru holds 0.08% of the company"s outstanding shares. The biopharmaceutical company has a market cap of $22.26 billion and enterprise value of $21 billion.

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The Vanguard Health Care Fund (Trades, Portfolio) is the company"s largest shareholder among the gurus with 4.49% of outstanding shares, followed by Frank Sands (Trades, Portfolio) with 3.59%, Manning & Napier with 0.51% and the Eaton Vance Worldwide Health Sciences Fund (Trades, Portfolio) with 0.08%.

Teck Resources Ltd. (TECK)

Cohen increased the position by 1,796.83% in the second quarter and by 55.76% in the third quarter. The guru holds 0.17% of the company"s outstanding shares. The miner has a market cap of $12.27 billion and an enterprise value of $16.43 billion.

With 0.21% of outstanding shares, Simons is the company"s largest guru shareholder, followed by Joel Greenblatt (Trades, Portfolio) with 0.05%, Jones with 0.04% and Ray Dalio (Trades, Portfolio) with 0.03%.

KeyCorp (KEY)

The guru boosted his holding by 477.60% in the second quarter and by 321.81% in the third quarter. Cohen holds 0.1% of the company"s outstanding shares. The financial services company has a market cap of $19.69 billion and an enterprise value of $32.49 billion.

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The company"s largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 2.22% of outstanding shares, followed by the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.82%, Pzena with 0.64%, Pioneer Investments (Trades, Portfolio) with 0.37% and Arnold Schneider (Trades, Portfolio) with 0.12%.

Disclosure: I do not own any stocks mentioned in this article.

This article first appeared on GuruFocus.