Billionaire global asset manager Steve Cohen is in the midst of a capital shake-up, releasing several names while opening new locations.
Point72 Asset Management’s latest 13F filing demonstrations that the company lost its stake in Walmart (WMT), selling a total of 1,941,836 shares of WMT worth $200.125 million in Q4 of 2025.
Cohen’s wealth management firm also unloaded 100% of its position in payments company PayPal (PYPL). Point72 sold 876,306 shares of PYPL worth $58.765 million. And the company abandoned all its holdings in the Confluent platform (CFLT), losing 17,206,434 shares of CFLT worth $340.687 million.
Meanwhile, Point72 opened a new position in wealth management titan BlackRock (BLK) in Q4 of last year. The firm bought 168,495 shares of BLK worth $180.346 million. Point72 also bought new shares in payments giant Visa ( V ) and technology company Cisco ( CSCO ). The company acquired 712,247 V shares worth $249.792 million and 3,946,782 CSCO shares worth $304.020 million.
Above BLK, V and CSCO, the company opened a new position in the top-four bank Citigroup (C), which acquired 1,356,284 C shares worth $ 158.264 million.
Photo by Point72 demonstrations that chipmaker Nvidia is at the top of the list, since the company has 1.862 billion dollars worth of NVDA, which represents 2.1% of its portfolio. Taiwan Semiconductor, another chipmaker, comes in at number two. The asset manager has $1.417 billion in TSM shares, which accounts for 1.6% of its portfolio.
Point72 also has more than $1 billion in shares of hyperscalers Amazon (AMZN) and Microsoft (MSFT).
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