Point72 Asset Management adds Salesforce, Netflix, exits Palo Alto Networks
Dave Kotinsky


Steven Cohen's Point72 Asset Management fund added new positions in Salesforce (NYSE:CRM)(~3.35M shares), Netflix (NASDAQ:NFLX) (~212M), NetApp (NASDAQ:NTAP) (~173M), and SunCor Energy (NYSE:SU) (~167M), among others, to its portfolio in Q4 2022, according to its latest 13F filing.

The firm shed its stakes in Palo Alto Networks (NASDAQ:PANW), Workday (NASDAQ:WDAY), EOG Resources (NYSE:EOG), and Horizon Therapeutics (NASDAQ:HZNP).
It increased its stakes in Broadcom (NASDAQ:AVGO) to 804K shares from 302K; Meta Platforms (NASDAQ:META) to 4.65M shares from 1.93M; Uber (NYSE:UBER) to ~9.81M shares from 52.6K; and Amazon (NASDAQ:AMZN) to ~5.05M shares from ~1.84M .
And it pared its holdings in T-Mobile (NASDAQ:TMUS) to 357K shares from 2.28M; AstraZeneca (NASDAQ:AZN) to 1.54M shares from 4.81M; Ross Stores (NASDAQ:ROST) to 12.2K shares from 1.74M; and Juniper Networks (NYSE:JNPR) to 827K shares from ~6.26M, according to the filing.
In January, a Point72 filing showed a 5.3% stake in Pulmonx (LUNG).