Point72 Asset Management was founded by Steve Cohen. Technology, services, healthcare, and consumer goods are some of the high-growth sectors in which the hedge fund makes its investments. Point72 Ventures, the firm he co-founded, is a global venture capital firm. Point72’s portfolio will be worth an estimated $23 billion at the end of September 2021. Point72 Asset Management, a hedge fund, added 398 new stocks to its holdings while also increasing its stake in 295 others. In Q3 2021, the hedge fund’s portfolio had Uber Technologies, Meta Platforms, Facebook, and Microsoft as some of its largest holdings.
Insider Monkey takes a look at the 10 small-cap stocks to buy according to billionaire Steve Cohen. According to Steve Cohen, Arcutis Biotherapeutics, Inc. is one of the best small-cap stocks to buy. In addition to developing and selling dermatological medications, the California-based company is also developing new treatments for skin conditions such as psoriasis. CTMX is a biopharmaceutical company in the clinical stages of developing therapeutic antibodies for the treatment of cancer. AbbVie and Amgen, two of the most well-known pharmaceutical companies in the world, are working with the company to develop a potential cancer treatment. An innovative biopharmaceutical company, Bicycle Therapeutics Plc is focused on the discovery and development of novel medicines based on bicyclic peptides. It is developing new cancer and diabetic macular edema treatments for the company. A third-quarter 2021 filing shows that Cohen owned 1.62 million shares worth $67.2 million. VNET Group, Inc. is a Chinese data center service provider. A wide range of internet-based services, such as web hosting and cloud computing are provided by this business. During the third quarter of 2021, Steve Cohen increased his stake in the company by 25 percent. Dr. Scholl’s Shoes and Naturalizer are two of the company-owned shoe brands sold by the Missouri-based footwear designer. A total of 539,313 shares of the company were owned by Point72 Asset Management at the end of the third quarter, or 0.05 percent of the fund’s total holdings. For more details, click the 10 Small-Cap Stocks To Buy According To Billionaire Steve Cohen.
