Steve Cohen’s Point72 Asset Management significantly reduced its investment in Morgan Stanley (MS) during the second quarter of 2026, cutting its holdings by over 83%. According to its latest quarterly disclosure with the SEC, the firm sold approximately 1.2 million shares, lowering its total position from 1.45 million to just under 245,500 shares. The reported value of the stake consequently fell from $238 million to $51.3 million.
This trade information, made public in a 13F filing on August 14, 2026, reflects portfolio changes made between April 1 and June 30, 2026, not current trading activity. The move decreased Morgan Stanley's weight in Point72's reported portfolio from 0.30% to 0.06%. No specific reason for the large divestment was publicly disclosed by the firm or Steve Cohen.