Point72 Asset Management’s CEO and founder is Steve Cohen. SAC Capital, one of the most successful hedge fund businesses in history, was where he previously worked. Cohen’s personal net worth as of December 13 was $15.9 billion, according to Forbes. The healthcare, technology, financials, and services sectors are heavily represented in Point72 Asset Management’s portfolio. Mogo Inc. and Hut 8 Mining Corp. are among the crypto equities in which Steve Cohen’s firm has invested.
Insider Monkey takes a look at the 10 cheap growth stocks to buy according to billionaire Steve Cohen. ImmunoGen, Inc. is a clinical-stage biotechnology company that develops cancer medicines based on antibody-drug conjugates. The cancer treatment will be submitted to the FDA for approval in Q1 2022 by the Massachusetts-based biotech company. In July, EVgo, Inc. held its first public offering, raising $2.6 billion. Point72 Asset Management’s portfolio includes 0.01 percent of the firm. In the United States, the California-based corporation provides electric vehicle charging stations in 35 states. The company’s sales in the third quarter was $62 million, up 30% year over year and $1.12 million higher than expected. Proterra Inc. deployed 52 electric buses in Q3 2021, up from 33 the previous year. Steve Cohen’s portfolio includes Chimerix, Inc., a low-cost growth investment. Cohen had 4.15 million shares worth $25.6 million in the biotech company. In the third quarter, the fund grew its holdings in the company by 31%. As of the third quarter of 2021, the hedge fund manager owned 1.7 million shares of the company valued at $7.45 million. Internationally, Mogo Inc. had 1.8 million members, up from 1.1 million a year ago. For more details, click 10 Cheap Growth Stocks To Buy According To Billionaire Steve Cohen.