Top Stocks Billionaire Mets Owner Steve Cohen Just Added To His Portfolio


Steve Cohen, the billionaire money manager and owner of the New York Mets, has a 13F portfolio. Micron Technology, The Coca-Cola Company, and Applied Materials, Inc. are some of Cohen’s most recent large acquisitions. Point72 Asset Management is led by Steve Cohen, who is the company’s founder, president, chairman, and CEO. Forbes estimates the hedge fund tycoon’s personal fortune at $17.4 billion. Since 1992, Cohen’s funds have had a total profit of $27.7 billion. At the end of 2017, Cohen’s 13F portfolio was worth $25.04 billion. The fund was primarily invested in technology and healthcare stocks. During the fourth quarter, Cohen sold 359 of his previous holdings while adding 403 new ones. 

Insider Monkey took a look at the top 10 stocks billionaire Mets owner Steve Cohen just added to his portfolio. During the fourth quarter, hedge fund Steve Cohen purchased a $70 million investment in Mirati Therapeutics, Inc. The FDA just approved Mirati’s lung cancer drug adagrasib. However, it has been put on hold until 2022. During the fourth quarter, Phillips 66 exceeded adjusted earnings per share forecasts by more than $1.00. During the quarter, Cohen purchased nearly 1.16 million PSX shares. Over the last two quarters, the refiner has experienced a 62 percent increase in hedge fund ownership. Cisco Systems, Inc. increased revenue by 6% to $12.7 billion in the second quarter of fiscal year 2022. The Internet for the Future division grew at the greatest rate, with sales increasing by 42 percent to $1.32 billion in the second quarter. Walgreens Boots Alliance Inc isn’t likely to blow anyone away with its growth forecasts, but the pharmacy retailer is considering a few new projects. Walgreens does pay a hefty dividend, which as of March 31 yielded 4.25 percent. Cigna Corporation rounds out the first half of the list as another pharmacy and healthcare stock Cohen purchased in Q4. The company intends to fuel future growth by leveraging three significant healthcare trends, according to the company. For more details, click Top 10 Stocks Billionaire Mets Owner Steve Cohen Just Added To His Portfolio.