Billionaire investor Steve Cohen's firm, Point72, sold its entire stake in Canadian utility operator Emera Inc. during the second quarter of 2026. The firm liquidated 1.03 million shares, a position previously valued at approximately $53.12 million. Emera is a multinational energy holding company based in Nova Scotia, Canada, with operations across North America and the Caribbean.
This trade was disclosed in a quarterly 13F filing, a report required by the SEC that reveals holdings from the end of the previous quarter. The filing on August 14 reflects a position held as of June 30, meaning the sale occurred sometime between April and June. As is typical for these filings, Point72 has not publicly commented on its specific reasons for exiting the investment.