Point72 Asset Management, L.P.

Point72 Asset Management, Steven Cohen's multi-strategy fund, held $78.1B across 3,704 positions with the high turnover of a pod platform — 25 new positions against 25 exits. The book is broadly diversified, led by SPDR S&P 500 (SPY, 2.1%), NVIDIA, Amazon and Invesco QQQ at low weights. The Q1 activity reduced index and megacap exposure: SPY (-$1.3B), Taiwan Semiconductor (-$881M), Microsoft (-$806M), QQQ (-$700M) and NVIDIA were the largest cuts, while Home Depot, Boston Scientific and AMD were added. New positions in Meta, Applied Materials, Block, SanDisk and Procter & Gamble; exits in Sea, Biogen, Coherent and MongoDB. Assets eased from $89.4B to $78.1B.