Billionaire Steve Cohen’s Top 15 Stock Picks

Page 12 of 15

4. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 72

Point72 Asset Management’s Stake: $315 million       

Comcast Corporation (NASDAQ:CMCSA) operates as a media and technology company worldwide. The firm plans to expand by adding 1.2 million homes to its existing 63 million by 2025, focusing on its 1-gigabit product. This expansion may attract investment as it is expected to increase the customer base and revenue streams, strengthening Comcast’s position in the broadband market. Moreover, the company has also announced the creation of a new publicly traded company comprised of a strong portfolio of NBCUniversal’s cable television networks, including USA Network, CNBC, MSNBC, Oxygen, and Golf Channel, along with complementary digital assets including Fandango and Rotten Tomatoes, GolfNow and Sports Engine, through a tax-free spin-off. This may hold a significant opportunity as it streamlines operations, allowing the company to focus on core connectivity services.

Page 12 of 15