Ryan Cohen

Overview

Ryan Cohen is a Canadian entrepreneur and investor recognized for his significant contributions to the e-commerce and retail sectors. He founded Chewy, an online pet supplies retailer, in 2011, and served as its CEO until 2018. Under his leadership, Chewy grew rapidly, becoming a leading player in the online pet supply market. In 2017, Chewy was acquired by PetSmart for $3.4 billion, marking one of the largest e-commerce acquisitions at the time. Following his success with Chewy, Cohen transitioned into an activist investor role. In 2020, he disclosed a near 10% stake in GameStop, a struggling video game retailer, and joined its board in January 2021. His involvement was pivotal in revitalizing GameStop, leading to a significant increase in its market capitalization. In 2023, Cohen assumed the role of CEO at GameStop, continuing his efforts to transform the company. Additionally, he has made substantial investments in Alibaba, holding around seven million shares, and has been actively involved in encouraging the company to increase its share-repurchase program. Cohen's investment strategy focuses on identifying undervalued companies with strong potential for turnaround and growth. He employs a value-oriented, fundamental analysis approach, seeking to invest in high-quality assets at inflection points. His firm, Cohen Capital Value LLC, primarily focuses on small and mid-cap stocks in North America and Europe. This strategy aims to generate strong absolute and relative returns for clients while protecting capital during downturns. Cohen's track record demonstrates his ability to drive significant value creation in the companies he invests in, leveraging his operational expertise and strategic vision to achieve substantial growth and profitability.

Investment Focus

• High-quality assets at inflection points
• Strong free cash flow generation potential
• Low valuation
• Catalysts to unlock value
• Margin of safety in investment sizing

Portfolio Companies