In a recent 13F filing from August 14, 2026, it was revealed that Steve Cohen's Point72 Asset Management significantly reduced its position in Western Digital Corp. (WDC) during the second quarter of 2026. The filing, which discloses positions held as of June 30, 2026, showed a reduction of over 88% in the firm's stake, from 623,940 shares down to 73,590. It is important to remember that these filings reflect a past position and may not represent the firm's current holdings.
This substantial sell-off occurred during a period where Western Digital reported strong financial results, beating analyst expectations with significant year-over-year revenue growth. The reported value of Point72's remaining holding in the data storage company stood at $47.01 million at the end of the quarter. No public comments from Cohen or the firm have been made regarding the reason for this significant reduction.