Steven Cohen's Point72 Asset Management sold its entire position in the edge cloud platform Fastly, a stake of 3.15 million shares previously valued at $91.55 million. The move was disclosed in the firm's quarterly 13F filing, which covers its holdings as of June 30, 2026.
This filing provides a snapshot of the hedge fund's portfolio from the end of the second quarter, meaning the trades occurred between April 1 and June 30. During that period, Fastly later reported strong second-quarter financial results on August 5, beating analyst estimates for revenue and earnings and raising its full-year outlook.