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International Business Times UK

Niloy Chakrabarti

Steve Cohen's Point72 Goes Heavy on Tech and Pharma Stocks, Investing Over $330M in Two Trades

Steve Cohen Point72 Steven A Cohen Confluent Amylyx Point72 Asset Management FDA New York Mets Social Security

Steve Cohen is the owner of New York Mets. (Photo: Point72)

Billionaire investor and hedge fund manager Steven A. Cohen moves with speed and agility when it comes to investing. The New York Mets owner recently bet over £240.72 million ($330 million) across two stock trades, according to the latest regulatory filings.

Cohen bumped his stake in data streaming tech company Confluent (NASDAQ:CFLT) by 1,163% or 13.32 million shares at an average price of £16.97 ($23.26), valuing the trade at £226 million ($309.82 million). Cohen now owns a total of 14.46 million shares of the company.

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