Crypto Bull Steve Cohen is Buying These 5 Stocks

4. Western Digital Corporation (NASDAQ:WDC)

Number of Hedge Fund Holders: 57  

Western Digital Corporation (NASDAQ:WDC) is a California-based company that makes and sells data storage devices and solutions. It is placed fourth on our list of 10 stocks that crypto bull Steve Cohen is buying. 13F filings reveal that Point72 Asset Management owned more than 5.8 million shares in the company at the end of the second quarter of 2021 worth over $413 million, representing 1.85% of the portfolio. 

On August 5, investment advisory Craig-Hallum maintained a Buy rating on Western Digital Corporation (NASDAQ:WDC) stock and raised the price target to $101 from $95, noting that the firm had delivered better than expected results and guidance. 

At the end of the second quarter of 2021, 57 hedge funds in the database of Insider Monkey held stakes worth $2.1 billion in Western Digital Corporation (NASDAQ:WDC), down from 58 in the preceding quarter worth $1.9 billion. 

ClearBridge Investments, in its Q1 2021 investor letter, mentioned Western Digital Corporation (NASDAQ:WDC). Here is what the fund has to say in its letter: 

“Our high active share approach made the most difference in IT, where the portfolio’s holdings gained 4.5% compared to a loss for the benchmark. Results were led by our more cyclical positions in digital storage provider Western Digital.”