Point72 Italy, S.r.l.
MILAN, L6
$120m in 18 US stocks at the end of 30 September 2025. The top 10 are 86.2% of the money. It changed about 69.3% of the portfolio this quarter.
Value
$120m
Stocks
18
Top 10 share
86.2%
Turnover
69.3%
What changed this quarter
New
Bought for the first time this quarter.
- BroadcomAVGO18.7% of the fund
- TeradyneTER9.0% of the fund
- Magna InternationalMGA8.9% of the fund
- Applied MaterialsAMAT5.8% of the fund
- Peloton InteractivePTON4.5% of the fund
- Ferguson EnterprisesFERG3.1% of the fund
- StellantisSTLA1.2% of the fund
- Microchip TechnologyMCHP0.9% of the fund
- RHRH0.7% of the fund
Added
Bought more of a stock they already held.
- Taiwan Semiconductor ManufacturingTSM20.9% of the fund+57%
- FerrariRACE2.6% of the fund+160%
Cut
Sold some of their stake.
- AutolivALV6.7% of the fund-49%
- Meta PlatformsMETA5.5% of the fund-63%
- Spotify TechnologySPOT3.1% of the fund-41%
- Amazon.comAMZN2.7% of the fund-72%
- Analog DevicesADI2.4% of the fund-82%
- General MotorsGM1.7% of the fund-80%
- MicrosoftMSFT1.5% of the fund-89%
Sold out
Sold their entire stake.
- NvidiaNVDA-100%
- Advanced Micro DevicesAMD-100%
- Lam ResearchLRCX-100%
- AppLovinAPP-100%
- VisteonVC-100%
- Mobileye GlobalMBLY-100%
- Logitech InternationalLOGI-100%
- Rivian AutomotiveRIVN-100%
- STMicroelectronicsSTM-100%
- ARM HoldingsARM-100%
- CarvanaCVNA-100%
- MaplebearCART-100%
- Walt DisneyDIS-100%
- Vertiv HoldingsVRT-100%
- Dollar TreeDLTR-100%
- CoherentCOHR-100%
- PinterestPINS-100%
- RokuROKU-100%
- RedditRDDT-100%
- Lucid GroupLCID-100%
Holdings
- Magna InternationalMGA
- Share
- 8.9%
- Value
- $11m
- Shares
- 225,633
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Taiwan Semiconductor ManufacturingTSM | 20.9% | $25m | 90,316 | +57% |
| BroadcomAVGO | 18.7% | $23m | 68,217 | New |
| TeradyneTER | 9.0% | $11m | 78,336 | New |
| Magna InternationalMGA | 8.9% | $11m | 225,633 | New |
| AutolivALV | 6.7% | $8m | 64,886 | -49% |
| Applied MaterialsAMAT | 5.8% | $7m | 34,226 | New |
| Meta PlatformsMETA | 5.5% | $7m | 9,044 | -63% |
| Peloton InteractivePTON | 4.5% | $5m | 607,179 | New |
| Spotify TechnologySPOT | 3.1% | $4m | 5,436 | -41% |
| Ferguson EnterprisesFERG | 3.1% | $4m | 16,719 | New |
| Amazon.comAMZN | 2.7% | $3m | 14,566 | -72% |
| FerrariRACE | 2.6% | $3m | 6,500 | +160% |
| Analog DevicesADI | 2.4% | $3m | 12,000 | -82% |
| General MotorsGM | 1.7% | $2m | 34,091 | -80% |
| MicrosoftMSFT | 1.5% | $2m | 3,586 | -89% |
| StellantisSTLA | 1.2% | $1m | 149,155 | New |
| Microchip TechnologyMCHP | 0.9% | $1m | 16,794 | New |
| RHRH | 0.7% | $873,588 | 4,300 | New |
Options (1)
- Micron TechnologyMU
- Type
- Put
- Value
- $14m
- Contracts
- 85,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Micron TechnologyMU | Put | $14m | 85,000 |
Over time and by industry
Value over time
Sep '25
Value is down 40.6% since 30 June 2025.
Where the money is
Technology59.3%
Retail & consumer28.9%
Media & telecom8.7%
Industrials3.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.