Cohen started his first hedge fund known as S.A.C. This paves the way for the birth of his current hedge fund. It has 17 clients, and its core strategy is long/short equity with investments in various asset classes across the globe. It focuses on systematic, long/short, macro, and discretionary long/short strategies. The fund has 10.5% of its portfolio invested in the communications industry, 21.8% in healthcare was, 18.9% in information technology, 14.48% in consumer discretionary, and 14.74% in finance. In comparison, the hedge fund gave a return of 14.9% net fees in 2019. The hedge fund also reported that 376 stocks were sold out.
Insider Monkey looks at Steve Cohen’s Top 10 Small-Cap Stock Picks by analyzing his Q4’2020 portfolio. At Home Group owns home décor stores that sell wall décor, home furniture, furnishings, houseware, rugs, and decorative accents. At Home Group sells its products across the U.S. This is a biopharma that develops immunosuppressive treatments. Same-store sales were up 4.6%, largely aided by the impressive 16.3% improvement in e-commerce sales, which overshadowed the meagre 1.9% increase in same-store sales. Boot Barn’s operating income was $41.6 million, representing a 19% gain while margin improved from 12.5% to 13.8% during the quarterly period. The company’s net income for the same period was $29.6 million, an improvement from the $24.8 million reported in the previous quarter. Boot Barn C.E.O. Jim Conroy acknowledged the 150-basis-point improvement in the company’s operating margin, which he believes aligns with the growth observed in same-store sales. Amarin Corporation plc (NASDAQ: AMRN) is an Ireland-based company that develops and sells medicines to treat cardiovascular disease. The firm is in partnership with Mochida Pharmaceutical Co., Ltd. to develop and sell drug products based on Vascepa. Knowles Corporation leverages its advantageous position in advanced audio processing and MEMS (micro-electro-mechanical systems) microphones to enhance user experience in IoT, ear, and mobile applications. The company is also one of the leading authorities in mmWave R.F., high-end capacitors, and acoustic components. Knowles reported a $0.41 non-GAAP EPS in Q4 2020, outperforming the consensus EPS estimate by $0.04. For full details, click Billionaire Steve Cohen’s Top 10 Small-Cap Stock Picks.
