Steven Cohen's Point72 Asset Management significantly reduced its investment in database company MongoDB (MDB) during the second quarter of 2026. According to regulatory filings, the firm sold off over 418,000 shares, cutting its position by more than 88% from 474,360 shares down to just 55,760.
This trade information is from a delayed 13F filing, reflecting activity between March 31 and June 30, 2026, and does not represent the firm's current holdings. The firm's remaining stake was valued at approximately $18.7 million at the end of the quarter. The sale occurred during a period when MongoDB reported strong Q1 fiscal 2027 earnings and raised its full-year guidance, which caused its stock to rise significantly.