Suvretta Revamps Holdings in Bid to Erase First Loss

Five of the hedge fund firm’s nine largest long bets are new positions.

Illustration by II

Illustration by II

Fresh off its first year of losses, Aaron Cowen’s Suvretta Capital Management has heavily shaken up its entire portfolio.

On the long side, around two-thirds of its positions in common stock were newly established during the first quarter, according to its recently filed 13F document.

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