10 Best AI Stock Picks of Billionaire Steve Cohen
Billionaire Steve Cohen is one of the few hedge fund managers who almost always dazzles with his outperformance and prescient bets.
Point72 Asset Management, an American hedge fund, was established in 2014 by Steve Cohen following the legal issues of his previous company, S.A.C. Capital Advisors, which had faced insider trading charges.
Steven A. Cohen serves as the Chairman and Chief Executive Officer of Point72, a prominent global multi-strategy asset management firm. He founded S.A.C. Capital Advisors in 1992, transitioning his investment operations to the Point72 Asset Management family office in 2014. The firm evolved into a registered investment advisor, commencing external capital management in 2018. Leveraging his extensive experience in public markets, Mr. Cohen established Point72 Private Investments, focusing on global venture capital and growth equity strategies. In 2020, Mr. Cohen acquired the iconic New York Mets major league baseball team, where he also holds the roles of Chairman and CEO. Beyond his business ventures, he is actively involved in philanthropy and entrepreneurship, founding and leading several nonprofit organizations. Mr. Cohen earned a BS in Economics from The Wharton School at the University of Pennsylvania and initiated his investing career at Gruntal & Co., managing proprietary capital for 14 years before launching his own investment enterprise.
Point72 Asset Management is a hedge fund managing discretionary assets totaling $172,101,281,944, as per their Form ADV dated March 2024. Serving 15 clients, their latest 13F filing for Q1 2024 reported $41,259,345,417 in managed 13F securities, with a top 10 holdings concentration of 13.8%. The firm's largest holding is the SPDR S&P 500 ETF Trust, with 2,014,000 shares.
