Art Market Monitor

Global Coverage ~ Unique Analysis

  • Contact Us
  • Podcast
  • Newsletter
  • AMMpro

Steven Cohen’s Point 72 Increased Sotheby’s Stake in First Quarter of 2016 to 5.5%

May 17, 2016 by Marion Maneker

Sotheby's Cont Sale 1115

Steven Cohen’s family office, Point 72 Asset Management, increased its stake in Sotheby’s to 3.22m shares or 5.5% of the company. Cohen has significantly increased his holdings since the last reporting. No doubt he added to the position as the stock fell to its lowest point in the first quarter.

That puts Cohen third in line among hedge fund equity holders behind Daniel Loeb’s Third Point which owns a little more than twice what Cohen has amassed and Marcato which reduced its stake in Sotheby’s by 315,000 shares during the same period.

Marcato still owns 10% of the auction house. The SEC filing shows Point 72 Asset Management with these holdings of BID:

SOTHEBYS    $86,071,000    3,220,000

SEC FORM 13-F 

More from Art Market Monitor

  • Steven Cohen Buys Significant Sotheby's StakeSteven Cohen Buys Significant Sotheby's Stake
  • SAC Sells Sotheby's Stake EarlySAC Sells Sotheby's Stake Early
  • What’s Up with Sotheby’s Stock? Not MuchWhat’s Up with Sotheby’s Stock? Not Much
  • Marcato Cuts Its Sotheby’s Stake in HalfMarcato Cuts Its Sotheby’s Stake in Half
  • Cohen’s Point72 Cut Sotheby’s Stake By Two ThirdsCohen’s Point72 Cut Sotheby’s Stake By Two Thirds
  • Notes on Sotheby's Conference CallNotes on Sotheby's Conference Call
  • Print
  • Tweet

Filed Under: General

Advertise on Art Market Monitor with Nectar Ads

Top Posts

  • Sotheby's Unveils Plans for New Galleries at York Ave.
  • Agnes Gund & Oprah Winfrey Lead Auction of Women Artists at Sotheby's to Benefit Miss Porter's School
  • Christie's Announces $70m Picasso Self Portrait
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Sotheby's Celebrates Bauhaus's Centenary with 25 Works in Imp-Mod Sales
  • Phillips London Contemporary Has Richter, Kippenberger and Lichtenstein
  • Frieze LA Sales Report
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Sotheby's Targets Fiduciaries with New Client Group
  • What Happens to Sotheby's After the Activists Get What They Want?


  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • Art Loans
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
Advertise on Art Market Monitor