Point72 Asset Management 13F, Q3 2025
Steve Cohen · quarter ending 30 September 2025 · filed 14 November 2025 · SEC CIK 1603466
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 896 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q3 2025
The 25 largest of 1,367 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $1.35B | 2.9% | +13% shares |
| MICROSOFT CORP | MSFT | $1.34B | 2.9% | +6% shares |
| ARISTA NETWORKS INC | ANET | $803.07M | 1.8% | -21% shares |
| CREDO TECHNOLOGY GROUP HOLDI | $689.22M | 1.5% | +15% shares | |
| AMAZON COM INC | AMZN | $685.85M | 1.5% | -35% shares |
| META PLATFORMS INC | META | $601.70M | 1.3% | +294% shares |
| TERADYNE INC | TER | $562.35M | 1.2% | +1371% shares |
| BIOGEN INC | BIIB | $542.52M | 1.2% | unchanged |
| BROADCOM INC | AVGO | $523.63M | 1.1% | +188% shares |
| TAIWAN SEMICONDUCTOR MFG LTD | TSM | $506.70M | 1.1% | +28% shares |
| ASML HOLDING N V | $430.09M | 0.9% | new | |
| AIRBNB INC | ABNB | $425.10M | 0.9% | +380% shares |
| COHERENT CORP | COHR | $420.40M | 0.9% | -3% shares |
| MONGODB INC | MDB | $413.58M | 0.9% | -31% shares |
| SEAGATE HDD CAYMAN | STX 3.5 06/01/28 | $376.64M | 0.8% | +10% shares |
| UNION PAC CORP | UNP | $342.93M | 0.8% | +98% shares |
| T-MOBILE US INC | TMUS | $341.17M | 0.7% | new |
| CONFLUENT INC | 8QR | $340.69M | 0.7% | +11% shares |
| BLOCK INC | XYZ | $329.43M | 0.7% | -18% shares |
| SEA LTD | SE | $297.34M | 0.7% | -39% shares |
| FABRINET | $284.88M | 0.6% | +44% shares | |
| HEWLETT PACKARD ENTERPRISE C | HPE | $284.04M | 0.6% | +2357% shares |
| ADVANCED MICRO DEVICES INC | AMD | $282.16M | 0.6% | +30% shares |
| VERISIGN INC | VRSN | $281.75M | 0.6% | +96% shares |
| SNOWFLAKE INC | SNOW | $274.13M | 0.6% | -55% shares |
What changed since Q2 2025
Against the Q2 2025 filing, Point72 Asset Management opened 531 new positions, added to 411, trimmed 378, left 47 unchanged and exited 431. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- ASML HOLDING N V$430.09M
- TMUS$341.17M
- HD$262.73M
- SPOTIFY TECHNOLOGY S A$233.32M
- MCO$164.42M
- BP$163.09M
- TXRH$155.67M
- MDLZ$151.05M
and 523 more
Exited
- DISwas $378.76M
- CSCOwas $329.51M
- INTUwas $235.50M
- PINSwas $208.50M
- JAMES HARDIE INDS PLCwas $185.44M
- ADIwas $176.14M
- LULUwas $151.27M
- CMCSAwas $149.48M
and 423 more
Other quarters
Source: SEC Form 13F-HR, accession 0000902664-25-005042, filed by Point72 Asset Management, L.P.. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.