Steven Cohen revealed his stock manoeuvres on November 14, the deadline for filing Form 13F.
The Securities and Exchange Commission (SEC) requires companies and individuals managing over $100 million in stocks to report their holdings, known as 13F filings.
The investments that must be disclosed include shares of exchange-traded funds (ETFs) and closed-end investment companies. Convertible debt securities, equity options, and warrants are also reported in some cases.
“Steven Cohen revealed his stock manoeuvres on November 14, the deadline for filing Form 13F”
WEALTH TRAINING COMPANY
Some investors like to monitor 13F filings to get a heads-up on how Wall Street’s biggest players are investing. However, it is worth noting that this is only a retrospective snapshot of their portfolio rather than a future indication of their trading strategy.
Despite this, 13F filings can impact the valuation of individual stocks and the overall market, even though the disadvantage of analysing 13F filings is that trades are not analysed in real time. There is a time lag of about three months, so acting on these disclosures could also make you a loser at the table.
With the caveat that real-time information is not being disclosed, Steven Cohen revealed his stock manoeuvres
Steven Cohen’s (Point72) 13F disclosure highlighted the sale of the fund’s entire stake in Super Micro Computer (NASDAQ: SMCI), a customisable rack server and storage solutions specialist.
As of June 30, 45,066 shares had been sold. Steven Cohen’s Point72 fund exited before Supermicro completed its first-ever 10-for-1 stock split following the close of trading on September 30.
“Steven Cohen’s (Point72) 13F disclosure highlighted the sale of the fund’s entire stake in Super Micro Computer”
RAY DALIO
On paper, a lot has gone rather well for Supermicro
Companies seeking to take advantage of the AI revolution are aggressively spending on data centre infrastructure to gain or maintain first-mover advantages. To this end, businesses running AI-accelerated data centres have first chosen Supermicro’s customisable rack servers.
Analysts at PwC forecast a $15.7 trillion increase in global gross domestic product by 2030 due to the rise of AI. However, we also know that the winning companies operating in a game-changing trend can often be counted on one hand.
“Hedge Fund Billionaire Steve Cohen Invests $143 Million in Advanced (AMD) Amid AI Innovation Boom” – Wealth Training Company
Steve Cohen’s fund closed out at the end of the third quarter with more than $39 billion in assets under management (AUM), including various put and call options and common-stock positions.
Steven Cohen’s revealed stock manoeuvres also included sizable stock purchases in other AI stocks.
Hedge Fund Billionaire Steve Cohen Invests $143 Million in Advanced (AMD) Amid AI Innovation Boom.
AMD operates as a semiconductor manufacturer and is at the forefront of AI innovation.
Steven Cohen’s interest in AMD underscores the company’s ability to monetise AI and create value for its shareholders.
The fund’s stake in AMD amounts to more than 870,000 shares and represents his first significant investment in the company since the third quarter of 2022.
