Steve Cohen's Point72 Asset Management completely sold off its position in Parker-Hannifin (PH), a major player in motion and control technologies. According to quarterly disclosures, the firm liquidated 272,900 shares, a stake previously valued at approximately $244.31 million. This exit occurred during the second quarter of 2026, which ended on June 30, though the filing disclosing the trade was made public on August 14.
This divestment is notable as Parker-Hannifin reported record fiscal results for the fourth quarter and full year on August 6, 2026. The company's stock has also outperformed the broader market in the past year. As is typical with 13F filings, the disclosure comes with a delay, so the trades were executed sometime between March 31 and June 30, 2026.