Billionaire Steve Cohen’s Top 5 Stock Picks

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In this article we are going to discuss billionaire Steve Cohen’s top 5 stock picks, based on Insider Monkey’s latest article. If you are eager to know the entire article right now, skip our short summarize and click and jump to billionaire Steve Cohen’s top stock picks. Steve Cohen is a 62-year-old American hedge fund manager who launched Point72 Asset Management and SAC Capital. As of the end of 2020, Point72 Asset Management managed more than $20 billion in securities. Cohen purchased the New York Mets for $2 billion in 2020, and has a net worth of $16 billion respectively.

So without a further ado, let’s track Steve Cohen’s top picks. Microsoft Corporation ranks fifth with a value of $222,221,000 and 258 hedge fund holders. The company represents 1.11% of his 13F portfolio. Cohen’s fund $229.2 million worth of stake in Microsoft. In the third quarter there were 234 hedge funds in Microsoft, while at the end of December the number of hedge funds were 258. Microsoft is followed by Visa Inc. on the fourth spot with a value of $281,093,000 and 166 hedge fund holders. The company means 1.37% of his 13F portfolio. As of the last quarter of 2020, Cohen boosted his stake in Visa by 241%, and at the end of December he had $281 million worth of shares in the payments company. In the past year, the company’s shares have increased 40%. During the third quarter of 2020 there were 160 hedge funds, while at the end of the Q4 the number went up to 166. The largest stakeholder in the company is Fisher Asset Management with owning 22.2 million shares. Advanced Micro Devices, Inc. stands on the second spot with a value of $345,316,000 and 74 hedge fund holders. The company represents 2.72% of his 13F portfolio. Advanced Micro Devices is a semiconductor firm, and Point72 Asset Management boosted its stake in the company by 185%. Consequently, at the end of period it had 3.76 million shares at a value of $345 million. In the end of the third quarter, there were 71 hedge funds, while by the end of the year it grew up to 74 funds. Arrowstreet Capital is among the most significant stakeholders in the company with owning 10.3 million shares.

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