Top 5 Stocks New Mets Owner Steve Cohen Was Buying in Q3

Steve Cohen was one of many hedge fund managers to buy shares of Palantir Technologies (NYSE:PLTR) after the company’s IPO in Q3, building a 29.90 million share position that is Point72’s 4^th most valuable as of September 30. Palantir was also one of the Top 5 Stocks Billionaire George Soros Just Bought during Q3. PLTR shares have gained over 65% since their debut.

Given his own usage and understanding of data, it’s not surprising to see Cohen take a keen interest in the data analytics company, which was co-founded by Peter Thiel. Palantir primarily gathers and analyzes data for government agencies, including the Space Force, Navy, and Army, and could play a prominent role in the forthcoming Covid-19 vaccine rollout. In addition to its more than $1.5 billion in government contracts, an unnamed aerospace company also recently renewed its contract with Palantir for $300 million.