Steven Cohen's Teradyne Boost Leads Portfolio Moves

Billionaire investor's 13F filing reveals key additions and trims across tech, consumer, and other sectors

Published on Feb. 12, 2026

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Billionaire investor Steven Cohen recently filed his 13F report for the third quarter of 2025, providing insights into his firm's strategic portfolio moves. The most significant addition was a 1.37 million share increase in semiconductor testing company Teradyne Inc., representing a 0.92% impact on the overall portfolio. Cohen also added notable positions in ASML Holding, T-Mobile US, and Home Depot, while trimming stakes in Amazon and Snowflake.

Why it matters

Cohen's 13F filings offer a window into the investment strategies of his Point72 Asset Management firm, which oversees over $24 billion in assets. The report highlights Cohen's focus on technology, consumer, and industrial sectors, as well as his willingness to make bold bets on emerging trends and themes.

The details

Cohen's largest new buy was a 444,264 share position in ASML Holding, a key supplier of semiconductor manufacturing equipment. He also added 1.4 million shares of T-Mobile US and over 648,000 shares of Home Depot. On the sell side, Cohen exited positions in Walt Disney and Cisco Systems, while significantly reducing stakes in Amazon and Snowflake. The most notable increase was a 1.37 million share boost in Teradyne, a leading provider of automated test equipment for the semiconductor industry.

  • The 13F filing covers the third quarter of 2025.

The players

Steven Cohen

Chairman and Chief Executive Officer of Point72, a registered investment advisor with over 1,650 employees. Cohen founded S.A.C. Capital Advisors in 1992 and converted his investment operations to the Point72 Asset Management family office in 2014.

Teradyne Inc.

An American company that supplies automation equipment and industrial robotics. It is a major provider of automated test equipment for the semiconductor industry.

ASML Holding NV

A Dutch company and a major supplier of photolithography systems for the semiconductor industry, manufacturing complex machines that are critical to the production of integrated circuits or microchips.

T-Mobile US Inc.

A major American wireless network operator, the third-largest wireless carrier in the United States.

The Home Depot Inc.

The largest home improvement retailer in the United States, supplying tools, construction products, and services.

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The takeaway

Steven Cohen's latest 13F filing highlights his firm's focus on technology, consumer, and industrial sectors, with significant bets on semiconductor testing, telecom, and home improvement. The report underscores Cohen's willingness to make strategic portfolio moves to capitalize on emerging trends and themes.