PYPL - Steven Cohen's Point72 adds AT&T Intel; exits Airbnb Tesla

2023-05-15 20:59:31 ET

• Point72 Asset Management, led by Steven Cohen who also owns the New York Mets, added new positions in AT&T ( NYSE: T ), Intel ( NASDAQ: INTC ), Walmart ( WMT ), AbbVie ( ABBV ), and Nvidia ( NVDA ) during Q1.
• The hedge fund exited its stakes in Airbnb ( NASDAQ: ABNB ), Tesla ( NASDAQ: TSLA ), Uber Technologies ( UBER ), and Halliburton ( HAL ), its latest 13F filing showed.
• Point72 boosted its stakes in Alphabet ( GOOGL ) to 3.3M shares from 1.16M shares, Alphabet ( GOOG ) to 602.8K from 143.8K, and Shell ( SHEL ) to 3.3M from 527.4K.
• The firm reduced its holdings in Amazon ( AMZN ) to 4M from 5M, PayPal ( PYPL ) to 296.6K from 2.6M, and Visa ( V ) to 605.4K from 1.5M.
• Earlier, Point72 added Salesforce, Netflix in Q4, and exited Palo Alto Networks.

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