Cohen's Point72 Adds to Nike, Sells Amazon in Fourth Quarter

  • Firm reduces its investment in Amazon by 610,100 shares
  • Manager adds 2.3 million shares of Nike to U.S. holdings

Point72 Asset Management LP added shares of Nike Inc. last quarter, sold stock in Amazon.com Inc. and exited Comcast Corp.’s class A shares.

The fund added 2.3 million shares of Nike and the value of its stake increased by $146.2 million to $164.4 million as of Dec. 31, the biggest gain among previously disclosed holdings, according to a quarterly filing with the Securities and Exchange Commission on Tuesday.

Point72 cut its investment in Amazon by 610,100 shares, leaving 8,100 valued at $5.5 million. The firm liquidated its $123.7 million investment in Comcast A shares, selling 2.2 million shares.

Point72’s disclosed holdings totaled $11.1 billion and its equity value fell by $123.4 million during the quarter, a period when the Standard & Poor’s 500 Index rose 6.5 percent. The firm owned shares in 618 companies at the end of the quarter and 206 of them were newly reported, led by a $218.9 million stake in Advance Auto Parts Inc. and a $104.3 million holding in Corning Inc.

Money managers who oversee more than $100 million in the U.S. must file a Form 13F within 45 days of each quarter’s end to list those stocks as well as options and convertible bonds. The filings don’t show non-U.S. securities, holdings that aren’t publicly traded, or cash.

This story was produced by the Bloomberg Automated News Generator.

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