In a significant portfolio shift, Steve Cohen's Point72 Asset Management completely liquidated its position in Modine Manufacturing (MOD). The sale involved the entirety of its 340,660 shares, which were valued at approximately $73.83 million at the time of the reporting period.
This trade took place during the second quarter of 2026 and was disclosed in an August 14th 13F filing, which reflects a delay between the trade date and public reporting. The exit comes as Modine has been aggressively expanding its thermal management solutions for data centers, driven by surging demand from the AI sector. [1, 3] During this period, Modine raised its full-year revenue guidance, citing strong performance in its Climate Solutions division, though it also noted temporary margin pressures from the costs of its rapid expansion. [1, 2]