Steve Cohen from Point72 adds new technology, telco and health stocks of $ 2 billion in the 4th quarter.
Steven A. Cohen, the owner and billionaire investor of New York Mets, is known for its speed, agility and high -risk/high award investment approach, which wins £ 16.4 billion ($ 21 billion) a personal authority.
Cohen is the founder of Sac Capital Advisors, which is currently among the most successful financial risk protection funds. The Fund was accused of commercial charges of internal learners, and Cohen sentenced investors to £ 1.4 billion ($ 1.8 billion) because he faced a two -year prohibition on managing investor’s money.
In 2013, he transformed investment operations into a family office and officially accepted the name Point72 Asset Management the following year. Years later, in 2018, the company became a registered investment consultant and began to accept foreign capital. As of the 4th quarter, Point72 Asset Management was under the administration of £ 28.5 billion ($ 36.4 billion).
On December 31, 2024, Cohen added new technology, telecom and health stocks worth £ 1.5 billion ($ 1.9 billion) to his portfolio.
New share in Amazon, Salesforce and Netflix
Cohen’s Hedge Fund opened a new position in Amazon (Nasdaq: amzn), 4.18 million shares of the e-commerce giant value of £ 720.7 million ($ 917.6 million).
For a quarter, Salesforce (NYSE: CRM) purchased 888,770 shares worth £ 233.3 million ($ 297.1 million). In the midst of demand for increasing digital flow services, Cohen purchased 236,720 shares in Netflix (Nasdaq: nflx) 165.7 million £ ($ 211 million).
US stocks continue to face a major sales pressure between the tariff turmoil, which threatens to increase inflation and consumer prices, disrupt supply chains and influence GDP growth. However, companies like Amazon continue to renew technologies in an aggressive way by making progress in AI with recent explanations. Amazon Nova The basic models designed to reduce costs and delay for Genei tasks.
In the meantime, Netflix, net paid additions to reach 302 million membership by 16% increase annually with a 4 -quarter of £ 8 billion ($ 10.2 billion) record revenue. Earning per diluted share doubled Yoy ($ 4.2).
In early March, Salesforce introduced an AI offer, AI, a market for AI agents that allow businesses to perform complex and unnecessary tasks without requiring comprehensive technical expertise. The company’s flagship AI model has been released with more than 200 partners, including Google Cloud, Docusign, Box and Workday. Later in that month, Salesforce announced that it plans to invest in Singapore £ 785.5 million ($ 1 billion) to Singapore to help the country expand its workforce in key service and public sector roles.
Cohen buys 15 million shares of AT & T
Point72 Asset Management has invested £ 279.1 million ($ 355.4 million) to purchase At & T (NYSE: T) 15.61 million stakes.
The company successfully tested a new technology that provides data transfer at 1.6 Terabit speeds per second at a network of 296 kilometers and showed its ability to support the increasing demand for AI workloads and bandwidth requirements. AT&T also works with Firstnet Authority and AST Spacemobile to provide multi -layered coverage, network information and space -based cellular connection to millions of US respondents for hundreds of thousands of miles.
The stock price is over 17% on April 7 as £ 21 ($ 26.8).
190 million dollars of shares in Unitedhealth Group
Cohen also opened a new position in the 4th quarter of the Unitedhealth Group (NYSE: UNH). 376,820 companies worth £ 149.7 million ($ 190.6 million) purchased stocks.
The stock price increased by 4%, and after explaining that Trump administration would increase payment rates for Medicare insurers next year, it could look further. This will generate an additional revenue of £ 19.6 billion ($ 25 billion) for the sector. The decision is part of the plans to support the Medicare Advantage program, which allows private insurance companies to manage the benefits of the federal program for old and disabled Americans. The increase in rates is planned to reflect increasing medical costs.
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