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
This article is for subscribers only.
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.