Steve Cohen's Point72 Asset Management exited its entire position in consumer goods company Kimberly-Clark (KMB), according to its latest quarterly disclosure. The filing revealed the sale of all 795,620 shares, which were valued at approximately $76.75 million at the end of the first quarter.
As with all 13F filings, this disclosure reflects trades made in the prior quarter, in this case, the period ending June 30, 2026. During that time, Kimberly-Clark was navigating a mixed environment, later reporting a slight increase in second-quarter net sales but also flat organic growth and headwinds from a disruption in China. [2, 3, 5] The move to exit the position stands out, as there was a broader rotation by investors into defensive consumer staples stocks earlier in the year. [8, 16]