13F filer · CIK 1603466 ↗
Point72
You are looking at Q4 2025. See the latest, Q2 2026 →
Reported value
$89.42B
+50% on the quarter before
Positions
3,862
2,015 new · 416 sold out
Top 10
14.0%
of the value
Est. gain
+$1.55B
on stocks held all quarter
Est. return
+5.4%
on those stocks since Q3 2025
Positions as of Dec 31, 2025, from Point72's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 22% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2025. Striped tiles are options.
Largest buys
Since Q3 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- TSMC~$866.2MAdded · 0.8% → 1.6%+2,850,380 shares
- Nvidia~$511.9MAdded · 2.3% → 2.1%+2,745,011 shares
- Amazon~$491.8MAdded · 1.1% → 1.4%+2,130,602 shares
- Equinix~$486.6MAdded · 0.2% → 0.7%+635,154 shares
- Broadcom~$439.3MAdded · 0.9% → 1.1%+1,269,276 shares
- SPDR Series TrustPUT~$437.5MAdded · 0.1% → 0.6%+3,588,200 underlying
- Sea~$413.3MAdded · 0.5% → 0.7%+3,239,447 shares
- Spotify Technology S A~$369.7MAdded · 0.4% → 0.6%+636,687 shares
- Invesco Qqq TrPUT~$354.0MAdded · 1.6% → 1.5%+576,300 underlying
- Transdigm Group Inc~$335.5MAdded · 0.0% → 0.4%+252,281 shares
Largest sells
Since Q3 2025, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- SPDR S&P 500 ETF TrPUT~$1.86BCut · 5.9% → 1.9%−2,734,500 underlying
- Meta~$497.1MCut · 1.0% → 0.0%−753,135 shares
- SPDR S&P 500 ETF TrCALL~$465.1MCut · 2.7% → 1.3%−682,100 underlying
- Seagate Hdd Cayman~$432.6MCut · 0.6% → 0.0%−128,743,000 shares
- Airbnb~$405.4MCut · 0.7% → 0.1%−2,987,211 shares
- Confluent Inc~$340.7MSold out · 0.6% → 0.0%−17,206,434 shares
- Cidara Therapeutics Inc~$293.4MCut · 0.3% → 0.1%−1,328,069 shares
- Arista NetworksCALL~$287.3MCut · 0.8% → 0.1%−2,193,000 underlying
- Hewlett Packard Enterprise~$284.0MSold out · 0.5% → 0.0%−11,565,283 shares
- T-Mobile Us Inc~$273.6MCut · 0.6% → 0.0%−1,347,624 shares
Holdings
As of Dec 31, 2025. Changes are in shares against Sep 30, 2025, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| NvidiaCOM · shares +38% · price −0.0% | 2.1% | $1.86B | −$579,300 | ||||||||
| SPDR S&P 500 ETF TrPUTTR UNIT · shares −52% | 1.9% | $1.74B | — | ||||||||
| TSMCSPONSORED ADS · shares +157% · price +8.8% | 1.6% | $1.42B | +$44.6M | ||||||||
| Invesco Qqq TrPUTUNIT SER 1 · shares +36% | 1.5% | $1.35B | — | ||||||||
| AmazonCOM · shares +68% · price +5.1% | 1.4% | $1.21B | +$35.1M | ||||||||
| SPDR S&P 500 ETF TrCALLTR UNIT · shares −29% | 1.3% | $1.16B | — | ||||||||
| MicrosoftCOM · shares −20% · price −6.6% | 1.1% | $1.01B | −$71.5M | ||||||||
| Arista NetworksCOM SHS · shares +37% · price −10.1% | 1.1% | $990.6M | −$80.9M | ||||||||
| BroadcomCOM · shares +80% · price +4.9% | 1.1% | $988.6M | +$25.7M | ||||||||
| Credo Technology Group HoldiORDINARY SHARES · shares +18% · price −1.2% | 0.90% | $800.4M | −$8.1M | ||||||||
| Asml Holding N VN Y REGISTRY SHS · shares +33% · price +10.5% | 0.71% | $632.1M | +$45.2M | ||||||||
| SeaSPONSORD ADS · shares +195% · price −28.6% | 0.70% | $625.5M | −$85.1M | ||||||||
| Coherent CorpCOM · shares −14% · price +71.3% | 0.69% | $616.3M | +$256.6M | ||||||||
| EquinixCOM · shares +467% · price −2.2% | 0.66% | $590.9M | −$2.3M | ||||||||
| Spotify Technology S ASHS · shares +190% · price −16.8% | 0.63% | $563.8M | −$39.2M | ||||||||
| TeradyneCOM · shares −31% · price +40.6% | 0.61% | $545.2M | +$157.5M | ||||||||
| SPDR Series TrustPUTSTATE STREET SPD · shares +718% | 0.56% | $498.5M | — | ||||||||
| Biogen IncCOM · shares −27% · price +25.6% | 0.55% | $495.1M | +$101.0M | ||||||||
| Ishares TrPUTRUSSELL 2000 ETF · shares +121% | 0.48% | $431.5M | — | ||||||||
| Danaher CorporationCOM · shares +281% · price +15.5% | 0.43% | $387.5M | +$13.6M | ||||||||
| Pepsico IncCOM · shares +1,555% · price +2.2% | 0.38% | $338.2M | +$438,602 | ||||||||
| Transdigm Group IncCOM · shares +50,456% · price +0.9% | 0.38% | $336.2M | +$5,915 | ||||||||
| AkamaiCOM · shares New | 0.37% | $331.3M | — | ||||||||
| Intuitive SurgicalCOM NEW · shares −4.9% · price +26.6% | 0.37% | $330.1M | +$69.4M | ||||||||
| Abivax SaSPONSORED ADS · shares −18% · price +58.8% | 0.36% | $324.9M | +$120.3M | ||||||||
| Total · 3,862 positions | 100% | $89.42B | +$1.55B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q3 2025 to Q4 2025: 957 stocks held throughout, up $1.55B (+5.4%).
- Coherent Corp+$256.6M+71%
- Teradyne+$157.5M+41%
- Abivax Sa+$120.3M+59%
- Biogen Inc+$101.0M+26%
- MongoDB+$77.9M+35%
- Home Depot Inc−$39.6M−15%
- Dupont De Nemours Inc−$40.5M−48%
- Microsoft−$71.5M−7%
- Arista Networks−$80.9M−10%
- Sea−$85.1M−29%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 12 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | $90.68B+16% | SEC ↗ |
| Q1 2026 | May 15, 2026 | $78.05B−13% | SEC ↗ |
| Q4 2025 | Feb 17, 2026 | $89.42B+50% | SEC ↗ |
| Q3 2025 | Nov 14, 2025 | $59.76B+17% | SEC ↗ |
| Q2 2025 | Aug 14, 2025 | $50.94B+16% | SEC ↗ |
| Q1 2025 | Jul 21, 2025 (amended) | $43.81B−3% | SEC ↗ |
| Q4 2024 | Feb 14, 2025 | $45.39B+15% | SEC ↗ |
| Q3 2024 | Nov 14, 2024 | $39.34B+3% | SEC ↗ |
| Q2 2024 | Sep 16, 2024 (amended) | $38.21B−7% | SEC ↗ |
| Q1 2024 | May 15, 2024 | $41.26B−0% | SEC ↗ |
| Q4 2023 | Feb 14, 2024 | $41.35B+21% | SEC ↗ |
| Q3 2023 | Nov 14, 2023 | $34.27B+2% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $33.63B+4% | SEC ↗ |
| Q1 2023 | May 15, 2023 | $32.29B+10% | SEC ↗ |
| Q4 2022 | May 15, 2023 (amended) | $29.42B+18% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $25.04B+6% | SEC ↗ |
| Q2 2022 | Aug 15, 2022 | $23.70B−6% | SEC ↗ |
| Q1 2022 | May 16, 2022 | $25.19B+1% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $25.04B+10% | SEC ↗ |
| Q3 2021 | Nov 15, 2021 | $22.77B+2% | SEC ↗ |
| Q2 2021 | Aug 16, 2021 | $22.26B+4% | SEC ↗ |
| Q1 2021 | May 17, 2021 | $21.41B+4% | SEC ↗ |
| Q4 2020 | Feb 16, 2021 | $20.50B+5% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $19.53B+27% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $15.33B+25% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $12.31B−35% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $19.02B+17% | SEC ↗ |
| Q3 2019 | Nov 15, 2019 | $16.28B−15% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 | $19.11B−13% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $22.03B+8% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $20.48B−16% | SEC ↗ |
| Q3 2018 | Nov 14, 2018 | $24.25B−3% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $25.06B+5% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $23.92B+3% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $23.17B+3% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 | $22.41B+26% | SEC ↗ |
| Q2 2017 | Aug 14, 2017 | $17.82B−1% | SEC ↗ |
| Q1 2017 | May 15, 2017 | $17.94B+25% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $14.30B+1% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $14.22B−3% | SEC ↗ |
| Q2 2016 | Aug 15, 2016 | $14.70B+13% | SEC ↗ |
| Q1 2016 | May 16, 2016 | $13.04B | SEC ↗ |