Steve Cohen, the billionaire chief of Point72 Asset Management, has had a long and storied career on Wall Street. At the end of the fourth quarter of 2025, the value of the 13F portfolio of his fund was in excess of $89 billion. Cohen spoke with hedge fund expert Tony Pasquariello at a Goldman Sachs event last year, discussing his success as a trader and hedge fund manager. During the conversation, Cohen discussed the evolution of the hedge fund industry, noting that when he started, it was a “cottage industry.” He emphasized that the current multi-manager model in the hedge fund world was about providing consistent returns and managing risk through a diverse set of specialized investment professionals. Regarding these professionals, Cohen noted that finding and training talent was the hardest part of the business. Per the billionaire, Point72 invested heavily in its Academy to train the next generation of analysts and portfolio managers from the ground up.
READ MORE: 33 Stocks That Should Double in 3 Years.
Discussing the present market situation, Cohen underlined that the markets had become more “efficient” but also more volatile. He noted that the speed of information flow required investors to be more disciplined and reactive than in previous decades. He also expressed significant optimism about Artificial Intelligence, describing it as a “transformational” technology that would change how firms analyzed data and executed trades, potentially creating a new era of productivity. Cohen also owns the New York Mets, and in his discussion, he drew parallels between running a hedge fund and a baseball team, noting that both required top-tier talent, data-driven decision-making, and a long-term strategic vision rather than just quick fixes. Cohen emphasized that whether in the $100 trillion global markets or on the baseball diamond, the ultimate key to winning was adaptability and a commitment to “all in” excellence.
READ MORE: 15 Stocks That Will Make You Rich in 10 Years.
Steven Cohen of Point72 Asset Management
Our Methodology
To compile our list of the best stocks to invest in according to Billionaire Steve Cohen, we reviewed the latest 13F filings of Point72 Asset Management. Next, we focused on the top 10 stocks in his portfolio. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q4 2025 database of 1041 elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Best Stocks to Invest In According to Billionaire Steve Cohen
10. Coherent Corp. (NYSE:COHR)
Point72 Asset Management’s Stake: $616 Million
Coherent Corp. (NYSE:COHR) has consistently featured in the 13F portfolio of Point72 Asset Management since the second quarter of 2023. Back then, this position comprised more than 300,000 shares. The fund then increased this position steadily, upping it to 4.2 million shares by the second quarter of 2024. It then trimmed the holding for a couple of quarters before buying the stock again. Latest filings, submitted at the end of the fourth quarter of 2025, show that the fund owned more than 3.3 million shares in the company, down close to 14% compared to filings for the third quarter of 2025.
Coherent Corp. (NYSE:COHR) has surged to the top of buy lists for hedge funds following the announcement of a multi-year strategic agreement with NVIDIA. Under the deal, the latter is investing $2 billion into Coherent to expand its R&D and US-based manufacturing capacity. Hedge funds are also betting on Coherent’s leadership in silicon photonics and co-packaged optics, which NVIDIA views as essential for the next generation of AI factories. This partnership effectively locks in Coherent as the primary supplier for NVIDIA’s 2027–2028 hardware roadmap. In its Q2 fiscal 2026 results, Coherent proved it could monetize the AI cycle more effectively than peers. Revenue hit $1.7 billion, beating analyst estimates. This was driven by unprecedented demand for optical networking products in the Datacenter Communications segment.
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