In a significant portfolio shift, Steve Cohen's Point72 Asset Management completely liquidated its position in Guidewire Software (GWRE) during the second quarter of 2026. The firm sold all 361,980 of its shares, which were previously valued at approximately $54.14 million. The sale reduced Point72's portfolio weight in the insurance software company from 0.07% to zero.
This trade information comes from a quarterly 13F filing with the SEC, which is a delayed disclosure and reflects the firm's holdings as of June 30, 2026, not a real-time transaction. During the period of the sale, Guidewire had reported strong Q2 earnings in early March, beating analyst expectations on revenue and earnings per share, and raising its fiscal year outlook.