The global asset manager owned by billionaire Steve Cohen is in the midst of a capital turnover, fully exiting multiple names while opening new positions.
Point72 Asset Management’s latest 13F filings He appears The company has divested its stake in retail giant Walmart (WMT), selling all 1,941,836 WMT shares worth $200.125 million in the fourth quarter of 2025.
Cohen’s asset management firm also unloaded 100% of its position in payments company PayPal (PYPL). Point72 sold 876,306 shares of PYPL stock valued at $58.765 million. The company disposed of all of its holdings in data streaming platform Confluent (CFLT), divesting 17,206,434 CFLT shares worth $340.687 million.
Meanwhile, Point72 opened a new position at asset management giant BlackRock (BLK) in the fourth quarter of last year. The company purchased 168,495 shares of BLK stock, valued at $180.346 million. Point72 also bought new stakes in payments giant Visa (V) and technology company Cisco (CSCO). The company raised 712,247 V shares worth $249.792 million and 3,946,782 CSCO shares worth $304.020 million.
In addition to BLK, V and CSCO, the company opened a new position in the four largest banks, Citigroup (C), acquiring 1,356,284 C shares worth $158.264 million.
Point72 wallet He appears The chip maker Nvidia comes at the top of the list, as the company owns $1.862 billion worth of NVDA shares, representing 2.1% of its investment portfolio. Taiwan Semiconductor Corporation, another chip maker, comes in second. The asset manager owns $1.417 billion in TSM shares, representing 1.6% of its portfolio.
Point72 also owns more than $1 billion worth of shares in hyperscalers Amazon (AMZN) and Microsoft (MSFT).
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