Steve Cohen's Point72 Asset Management executed a significant reduction of its stake in DoorDash (DASH), cutting its holding by 86.78%. According to the firm's quarterly disclosure with the SEC, its position was reduced from 1.18 million shares to just over 156,000 shares.
This trade occurred during the second quarter of 2026, which ended June 30, a detail made public in the firm's 13F filing on August 14. During that same quarter, DoorDash reported a 36% year-over-year revenue increase but also saw a decrease in GAAP net income. The reported value of Point72's remaining DoorDash investment stands at $28.90 million, a sharp decrease from the prior quarter's $177.90 million.