Steve Cohen's Point72 Boosts Stake by 1,500% in These Two Stocks in Q4; Adds Cisco, Micron, Visa to Portfolio

New York Mets owner and billionaire investor Steven A. Cohen moves with speed and agility when it comes to investing. Cohen's high-risk, high-reward investing approach has helped him amass a personal wealth of $23 billion, according to Forbes.

He is the founder of the now-defunct and one of the most successful hedge funds, SAC Capital Advisors, which was charged with insider trading and had to repay investors $1.8 billion in penalties. Cohen faced a two-year ban on managing investors' money.

In 2013, Cohen converted his investment operations into a family office and formally adopted the Point72 Asset Management name the following year. Years later, in 2018, the firm became a registered investment advisor and started accepting outside capital. Cohen's ban was over by then.

Cohen earned $3.4 billion in 2025, making him the world's highest-paid hedge fund manager, according to Bloomberg. The figure translates to an income of over $9 million daily. The massive payday comes during a challenging period for Cohen's baseball team, which struggled through the 2025 Major League Baseball season despite operating with a $340 million payroll.

David Tepper of Appaloosa Management came in second with 2025 earnings of $3.2 billion, while Millennium Management founder Izzy Englander secured the third position with earnings of $3.1 billion. Elsewhere, Citadel founder Ken Griffin earned $2.4 billion.

Cohen's Notable Stock Trades in Q4

Cohen continues to run Point72 Asset Management and made considerable changes to its portfolio in Q4. For the quarter ended 31st December, Point72 increased its stake in Pepsico by 1,555% or 2.21 million shares. It also boosted its stake in Transdigm Group by a whopping 50,456% or 252,280 shares.

Other notable buys in Q4 include 2.75 million shares of Nvidia, 2.13 million shares of Amazon, 1,27 million shares of Broadcom, 5.51 million shares of AT&T, and 962,440 shares of DoorDash. The hedge fund also reduced its stake in multiple companies, including a 31.7% reduction in Block Inc. holdings, a 46% reduction in MongoDB holdings, a 19.5% reduction in Microsoft stake, and a 31% reduction in Teradyne.

4 New Stocks Added to Portfolio

In Q4, Point72 added multiple stocks to its portfolio, including 3.95 million shares of Cisco Systems, 3.80 million shares of Akamai Technologies, 712,250 shares of Visa, and 785,940 shares of Micron Technology.

The Visa stock price has faced downward pressure in 2026 amid concerns of faltering consumer spending and US President Donald Trump's proposed 10% cap on credit card rates. However, the company posted solid operating income growth in the latest quarter due to steady increases in payment volume and frequency.

Meanwhile, memory hardware designer Micron is poised to benefit from its efforts to address the growing demand for memory to run AI workloads. The company exited the consumer PC memory market in late 2025 and broke ground on a $100 billion semiconductor factory in New York last month, which is expected to become the biggest semiconductor factory in the US. The company is also planning to invest $200 billion to ramp up its AI infrastructure buildout.

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