Regulatory filings show that Steve Cohen's Point72 Asset Management liquidated its entire position in Freshpet, Inc. (FRPT) during the second quarter of 2026. The firm sold all 858,080 shares, a stake valued at approximately $50.59 million at the end of the prior quarter. This transaction marks a complete exit from the refrigerated pet food company by the prominent hedge fund.
The trade was disclosed in a portfolio update filed with the SEC on August 14, 2026, but reflects trading activity that occurred between April 1 and June 30, 2026. During that period, Freshpet announced a $150 million share repurchase program in May and a planned leadership transition in June. The company later reported a 15.5% increase in net sales for the second quarter.