In a recent 13F filing, Steve Cohen's Point72 revealed it had sold its entire stake in Lululemon Athletica Inc. (LULU), a position previously valued at $91.69 million and consisting of 598,870 shares. This disclosure, filed on August 14, 2026, reflects the firm's holdings as of June 30, 2026, so the trades occurred in the second quarter.
It's important to remember that 13F filings are delayed, providing a snapshot of a firm's portfolio from 45 days prior. During the period of this trade, Lululemon announced its first-quarter fiscal 2026 results and provided an outlook for the full year which forecasted a potential decline in net revenue. No specific reasons for the position change have been publicly disclosed by Cohen or Point72.