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Steven Cohen's Top Five Holdings

Monica Wolfe

Monica Wolfe

118 followers
Guru Steven Cohen consistently keeps one of the largest portfolios of all the gurus, and this quarter was no different. The guru, who has suffered a tumultuous year due to insider trading controversies throughout his hedge fund, maintained an even larger and higher-valued portfolio than the second quarter of 2013.

During the third quarter Cohen bought 465 new stocks, bringing his total portfolio to 1,749 stocks valued at $18.5 billion. This is up from his second quarter holdings of 1,621 stocks valued at $18 billion. The following five companies are Cohen’s five largest portfolio positions as of the close of the third quarter.

Yahoo! (YHOO)

Steven Cohen’s largest position is in Yahoo! where the guru currently holds on to 7,578,592 shares of the company’s stock. His holdings make up for 1.4% of the guru’s total portfolio and 0.74% of the company’s shares outstanding.

During the third quarter Cohen made a huge increase to his holdings by adding 764.75% or 6,702,198 shares. He bought these shares in the quarterly price range of $24.99 to $33.55, with an estimated average quarterly price of $28.28. Since then the price per share has increased approximately 25.4%.

Cohen’s holding history as of the third quarter:

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Yahoo! is a digital media company. Through its proprietary technology and insights, it delivers personalized digital content and experiences, across devices and around the globe, to various audiences.

Yahoo’s historical revenue and net income:

1384817334501.png

The analysis on Yahoo! reports that the company’s price is currently trading at around a 5-year high, its revenue has been in decline over the past five years and its operating margin has been expanding.

The top guru shareholders of Yahoo:

1. Daniel Loeb: 16,000,000 shares, representing 1.57% of the company’s shares outstanding.

2. Andreas Halvorsen: 9,048,894 shares, representing 0.89% of the company’s shares outstanding.

3. Chase Coleman: 8,000,000 shares, representing 0.78% of the company’s shares outstanding.

The Peter Lynch Chart suggests that the company is currently overvalued:

1384817355735.png

Yahoo! has a market cap of $35.49 billion. Its shares are currently trading at around $34.98 with a P/E ratio of 30.00, a P/S ratio of 8.10 and a P/B ratio of 2.90. The company had an annual average earnings growth of 51.30% over the past five years.

Micron Technology (MU)

The guru’s second largest position goes to Micron Technology where he holds on to 12,168,826 shares of the company’s stock. Cohen holds 1.2% of his total portfolio in Micron Technology as well as 1.17% of the company’s shares outstanding.

During the third quarter Cohen cut his holdings -25.05% by selling a total of 4,067,974 shares. He sold these shares in the quarterly price range of $12.47 to $17.62, with an estimated average quarterly price of $14.50. Since his reduction, the price per share has jumped up an additional 36.1%.

Cohen’s historical holding history:

1384793834591.png

Micron Technology is global manufacturer and marketer of semiconductor devices as well as other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products.

Micron Technology’s historical revenue and net income:

1384876361370.png

The analysis on Micron Technology reports that over the past three years the company has issued $715 million of debt, its revenue has slowed down over the past year, it’s price is at a 10-year high and its P/E, P/S and P/B ratios are all trading at near historical highs.

Top guru shareholders of Micron Technology:

1. Seth Klarman: 64,000,000 shares, representing 6.16% of the company’s shares outstanding

2. Andreas Halvorsen: 37,349,100 shares, representing 3.6% of the company’s shares outstanding.

3. PRIMECAP: 35,482,335 shares, representing 3.42% of the company’s shares outstanding.

The Peter Lynch Chart suggests that the company is currently overvalued:

1384876380769.png

Micron Technology has a market cap of $20.65 billion. Its shares are currently trading at around $19.63 with a P/E ratio of 20.80, a P/S ratio of 2.30 and a P/B ratio of 2.20. Micron had an annual average earnings growth of 0.50% over the past ten years.

GuruFocus rated Micron Technology the business predictability rank of 2.5-star.

Zoetis (ZTS)

Zoetis is the guru’s third largest position and where he holds on to 6,475,368 shares of the company’s stock. His position represents 1.1% of his total portfolio and 1.30% of the company’s shares outstanding.

During the third quarter Cohen reduced his holdings by -13.77%. He sold a total of 1,033,838 shares in the quarterly price range of $29.15 to $32.72, with an estimated average quarterly price of $30.63. Since then the price per share has gone up about 3.8%.

Cohen’s holding history as of the third quarter:

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Zoetis discovers, develops, manufactures & commercializes animal health medicines & vaccines for livestock & companion animals. Its products include anti-infectives, vaccines, parasiticides, medicated feed additives & other pharmaceutical products.

Zoetis’ historical revenue and net income:

1384879258545.png

The analysis on Zoetis reports that the company’s revenue has been in decline over the past three years, its dividend yield is at a one-year high and its inventory has building up, which means it could be having difficulties selling its goods.

Top guru shareholders:

1. Vanguard Health Care: 8,412,017 shares, representing 1.68% of the company’s shares out.

2. Steven Cohen: 6,475,368 shares, representing 1.3% of the company’s shares outstanding.

3. Jean-Marie Eveillard: 5,542,948 shares, representing 1.17% of the company’s shares out.

Zoetis has a market cap of $15.47 billion. Its shares are currently trading at around $31.48 with a P/E ratio of 39.40, a P/S ratio of 3.50 and a P/B ratio of 18.50.

Walt Disney (DIS)

Steven Cohen’s third largest position goes to the Walt Disney Company where he maintains 2,670,330 shares of the company’s stock. His holdings make up for 0.93% of his total portfolio and 0.15% of Disney’s total shares outstanding.

During the third quarter Cohen upped his stake 132.95% by purchasing a total of 1,524,014 shares of the company’s stock. He purchased these shares in the third quarter price range of $60.69 to $67.11, with an estimated average quarterly price of $64.10. Since then the price per share has increased approximately 9.2%.

Cohen’s historical holding history:

1384794667281.png

Walt Disney, together with its subsidiaries, is a worldwide entertainment company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive Media.

Disney’s historical revenue and net income:

1384880999791.png

The analysis on Disney reports that the company has issued $2.5 billion of debt over the past three years, it has shown predictable revenue and earnings growth and its operating margin is expanding. The analysis also notes that the price, P/B ratio and P/S ratio are all sitting at 10-year highs.

Top guru shareholders of Walt Disney:

1. PRIMECAP: 9,118,399 shares, representing 0.51% of the company’s shares outstanding.

2. Ken Fisher: 8,348,328 shares, representing 0.47% of the company’s shares outstanding.

3. Andreas Halvorsen: 6,642,265 shares, representing 0.37% of the company’s shares out.

The Peter Lynch Chart suggests that the company is currently overvalued:

1384881023913.png

Walt Disney has a market cap of $123.82 billion. Its shares are currently trading at around $69.31 with a P/E ratio of 20.50, a P/S ratio of 2.90 and a P/B ratio of 2.80. Disney’s dividend yield is currently at 1.10%. The company had an annual average earnings growth of 11.40% over the past 10 years.

GuruFocus rated Walt Disney the business predictability rank of 4-star.

Comcast Corp (CMCSA)

The guru’s fifth largest holding is in Comcast where he holds on to 3,531,182 shares of the company’s stock. His position in Comcast represents 0.86% of his entire portfolio and 0.13% of the company’s shares outstanding.

During the third quarter Cohen upped his stake in the company 51.27% by purchasing 1,196,862 shares. He purchased these shares in the quarterly price range of $40.75 to $45.84, with an estimated average quarterly price of $41.44 to $45.84, with an estimated average quarterly price of $43.54. Since then the price per share has increased approximately 9.6%

Cohen’s historical holding history:

1384795298882.png

Comcast Corporation is a global media and technology company with two main businesses, Comcast Cable and NBCUniversal.

Comcast’s historical revenue and net income:

1384884217140.png

The analysis on Comcast reports that the company’s revenue has slowed down over the past year, its dividend yield is near a three-year low and its price is near a 10-year high. The analysis also recognizes that the company’s operating margin is expanding.

Top guru shareholders of Comcast:

1. Dodge & Cox: 61,619,893 shares, representing 2.35% of the company’s shares outstanding.

2. Andreas Halvorsen: 14,652,171 shares, representing 0.56% of the company’s shares out.

3. Ken Fisher: 11,864,366 shares, representing 0.45% of the company’s shares outstanding.

The Peter Lynch Chart suggests that the company is currently overvalued:

1384884235490.png

Comcast has a market cap of $123.63 billion. Its shares are currently trading at around $47.27 with a P/E ratio of 18.70, a P/S ratio of 2.00 and a P/B ratio of 2.50. The company had an annual average earnings growth of 25.20% over the past 10 years.

GuruFocus rated Comcast the business predictability rank of 3.5-star.

Check out Steven Cohen’s third quarter portfolio.

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Rating: 4.0/5 (2 votes)

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