Squarepoint Ops 13F: Cuts Amer Sports (AS) Stake by $51M

Squarepoint Ops made a notable reduction in its holdings of Amer Sports, Inc. (NYSE:AS), cutting its position by 70% according to its latest 13F filing. The fund sold 1,400,551 shares, leaving it with 585,551 shares valued at approximately $21.57 million as of the reporting period.

What Changed in Squarepoint Ops' Amer Sports Position

Squarepoint Ops reduced its investment in Amer Sports significantly, paring down from 1,986,102 shares to 585,551 shares. This represents a decrease of 1,400,551 shares, or about 70%. The value of its remaining stake is approximately $21.57 million.

Other Institutional Activity in Amer Sports

Several other institutional investors also adjusted their positions in Amer Sports. FMR LLC increased its holdings by 2,729,218 shares, bringing its total to 25,055,716 shares worth about $824.83 million. Point72 Asset Management made a significant addition of 8,083,674 shares, ending with 9,913,351 shares valued at $326.35 million. Aspex Management (HK) Ltd added 674,978 shares, totaling 8,268,605 shares worth $272.20 million. Meanwhile, D. E. Shaw & Co., Inc. reduced its stake by 2,688,079 shares, leaving it with 5,934,611 shares valued at $195.37 million.

Amer Sports, Inc. Stock Up 25.3%

Shares of Amer Sports (NYSE:AS) recently traded around $36.83. The company holds a market capitalization of approximately $21.43 billion, with a P/E ratio of 46.04 and a forward P/E of 23.47. Amer Sports exhibits a beta of 2.04, indicating higher volatility compared to the market. The stock's 52-week range has seen a low of $28.92 and a high of $42.76. It has a 50-day moving average of $35.24 and a 200-day moving average of $35.40.

Recent Earnings

Amer Sports reported revenue of about $7.04 billion, with a revenue growth rate of 32.1%. The company's net margin stands at 6.5%, and it achieved a return on equity of 7.88%. The next earnings report is expected on August 18, 2026.

Insider Buying and Selling at Amer Sports, Inc.

Recent insider activity at Amer Sports includes CEO Zheng Jie purchasing 500,000 shares at an average price of $7.68 on June 3, 2026. On the same day, he also sold 500,000 shares at an average price of $34.42. Additionally, Chief Strategy Officer Chen Wen-Chang sold 13,075 shares at $35.62 on June 1, 2026.

Analysts Set New Price Targets

On May 20, 2026, Truist Securities maintained a 'buy' rating on Amer Sports with a price target of $50. UBS also maintained its 'buy' rating, setting a higher target of $62. The consensus among 23 analysts suggests a mean price target of $49.72.

About Amer Sports

Amer Sports, Inc., headquartered in Helsinki, Finland, is a leading company in the consumer cyclical sector, specifically in the leisure industry. The company designs, manufactures, and sells a wide range of sports equipment, apparel, footwear, and accessories. It operates through segments such as Technical Apparel, Outdoor Performance, and Ball & Racquet Sports, with well-known brands like Arc'teryx, Salomon, and Wilson. Amer Sports distributes its products worldwide through various retail channels and online platforms.

Bottom Line

Squarepoint Ops' substantial reduction in Amer Sports highlights shifting strategies among institutional investors. While 13F filings provide insight into past holdings as of the reporting period, they don't necessarily reflect current positions. Investors often track these filings to gauge fund managers' sentiment and strategic moves.