Billionaire Steve Cohen’s Top 5 Technology Stocks

2. Alibaba Group Holding Limited (NYSE:BABA)

Point72 Asset Management’s Stake Value as of 9/30: $282,450,000

Percentage of Point72 Asset Management’s 13F Portfolio as of 9/30: 1.12%

Point72 Asset Management increased its share count in Chinese e-commerce giant Alibaba Group Holding Limited (NYSE:BABA) by 490% in Q3 to end the period with a stake value of over $282 million. Given geopolitical tensions between the United States and China and potential delisting concerns, Alibaba Group Holding Limited (NYSE:BABA) shares have declined substantially in 2022. Nevertheless, Alibaba Group Holding Limited (NYSE:BABA) accounts for 1.12% of Cohen’s 13F portfolio as of September 30.