Point72 Asset Management's Q4 2022 holdings reveal shifts towards GlaxoSmithKline and Uber Technologies.

Point72 Asset Management, L.P. is a well-known hedge fund, founded by billionaire investor Steve Cohen in 1992. The fund boasts a long and illustrious history of generating excellent returns for its investors. The fund has been particularly active in recent years, making significant investments in the technology sector. In this blog post, we will take a closer look at the changes in Point72's holdings as per the Q3 2022 and Q4 2022 13F filings.

The 13F filings report the hedge fund’s equity holdings as of the end of a quarter. These filings are required by the Securities and Exchange Commission (SEC) for funds managing over $100 million in assets. They provide investors with a view of the fund's investments and allow them to track the fund's performance over time.

In Q3 2022, Point72 Asset Management's top holding was in Fidelity National Information Services (FIS), with a holding of 3,331,045 shares worth $251,727,000. However, in Q4 2022, this holding was reduced by 46.99% to 6,048,000 shares valued at $410,356,000.

The hedge fund's second-largest holding in Q3 2022 was in GlaxoSmithKline PLC (GSKN.MX), with 4,621,851 shares valued at $136,021,000. In Q4 2022, Point72 Asset Management increased its holding in GlaxoSmithKline to 6,471,773 shares worth $227,418,000, representing a 67.2% increase.

Point72 Asset Management's third-largest holding in Q3 2022 was in Dominion Energy Co (DTE), with 2,146,000 shares valued at $24,690,000. In Q4 2022, the hedge fund increased its holding in Dominion Energy by 458.1% to 11,999,000 shares worth $141,024,000.

One of the hedge fund's most significant increases in holdings was in Uber Technologies Inc (UBER). In Q3 2022, Point72 Asset Management held 52,600 shares in Uber Technologies valued at $1,394,000. In Q4 2022, the hedge fund increased its holding in the ride-hailing giant by 18,530.5% to 9,808,165 shares worth $242,555,000.

The fund's holdings in META Platforms Inc (META) also saw a significant increase in Q4 2022, with an increase of 141.62% to 4,650,134 shares valued at $559,597,000.

The hedge fund also made significant investments in the technology sector. Point72 Asset Management's holdings in Broadcom Inc (AVGO) increased by 165.87% to 804,176 shares worth $449,638,000 in Q4 2022. Similarly, the fund's holdings in Salesforce Inc (CRM) jumped from 0 shares in Q3 2022 to 3,345,741 shares worth $443,611,000 in Q4 2022.

Interestingly, Point72 Asset Management sold out of its holdings in Netflix Inc (NFLX) in Q4 2022. The fund had 718,596 shares in the streaming giant in Q3 2022, but none in Q4 2022.

In conclusion, Point72 Asset Management made some significant changes in its holdings in Q4 2022. The fund increased its investments in Uber Technologies, GlaxoSmithKline, and Dominion Energy, while making significant reductions in holdings in Fidelity National Information Services. The hedge fund also made significant investments in the technology sector, with holdings in Broadcom and Salesforce Inc. It will be interesting to see how these changes in holdings play out in the coming years.