The CEO of Point72 Asset Management, based in Connecticut, has become a cryptocurrency supporter. Steven Cohen informed guests at the conference that his “cryptomaniac” son was instrumental in changing his mind. Cohen owns the New York Mets, a prominent sports franchise, and has a personal net worth of $11 billion. Between March and June of this year, the portfolio value of Point72 Asset Management climbed by nearly $800 million. Amazon.com, Uber Technologies, and Salesforce.com were among the portfolio’s top stocks at the conclusion of the second quarter of 2021.
Here is Insider Monkey’s list of the 10 stocks that crypto bull Steve Cohen is buying. Micron Technology is ranked tenth. At the end of June 2021, Point72 Asset Management had more than 2.2 million shares in the company worth $187 million, accounting for 0.84 percent of the portfolio. Booking Holdings Inc. is rated ninth. The company offers travel and restaurant reservations, as well as other associated services. At the conclusion of the second quarter of 2021, Point72 Asset Management owned 86,633 shares in the firm. Analog Devices, Inc. is ranked eighth. At the end of June 2021, Point72 Asset Management had about 1.1 million shares in the company, valued at $194 million. Jabil Inc. is rated seventh. At the end of the second quarter of 2021, Point72 Asset Management owned more than 3.4 million shares in the company, valued at $199 million. Facebook, Inc. is ranked sixth. At the conclusion of the second quarter of 2021, Point72 Asset Management held 761,765 shares in the firm, valued at $264 million. For more details, click 10 Stocks That Crypto Bull Steve Cohen Is Buying.