Steve Cohen has a net worth of around $12 billion. As the founder and CEO of SAC Capital, which generated annual returns of 25% on average from 1993 to 2013, he amassed the majority of his money. Cohen previously worked as a trader for specialized investment bank Gruntal & Co. before joining SAC. The majority owner of the New York Mets baseball franchise is Steve Cohen. He has a collection of art that is among the largest in the world, with a market worth of about $1 billion. Bobby Axelrod of the popular television show Billions was inspired by his wealth and investing prowess. In order to prevent the insolvency of a hedge fund, Steve Cohen is returning the $750 million he invested in it. During the GameStop short-squeeze frenzy, Melvin Capital suffered losses of about $7 billion.
Insider Monkey picked the top best stocks to buy according to billionaire Steve Cohen. American biotechnology business Seagen Inc. focuses on antibody-based medicinal treatments for cancer treatment. At the end of March, 49 hedge funds that Insider Monkey tracks disclosed holdings in SGEN with a total value of $8.36 billion. Located in New York, S&P Global Inc. is a credit rating company. It just announced a quarterly dividend of $0.85 per share, with a yield of 0.97 percent. A downturn in global issuance and the wider market volatility caused the company to pause its FY22 guidance. On July 1, Mizuho analyst Dan Dolev maintained his “Neutral” rating on Visa Inc. With a massive $4.41 billion position, Chris Hohn’s TCI Fund Management was Visa Inc.’s largest shareholder in the first quarter. Cloud networking solutions are offered globally by California-based Arista Networks, Inc. 1.65 million ANET shares, valued at almost $230 million and 0.91 percent of Steve Cohen’s total holdings, were in his portfolio for the first quarter. A Massachusetts-based semiconductor company called Analog Devices, Inc. works with clients in the computer, consumer electronics, communications, defense, aerospace, and automotive sectors. Given the company’s “conservative nature,” Citi analyst Christopher Danely chose Analog Devices as his top semiconductor pick. For more details, click 10 Best Stocks To Buy Now According To Billionaire Steve Cohen.
