In this article, we will take a look at the Steve Cohen Stock Portfolio: Top 10 Stock Picks.
Billionaire investor Steve Cohen is renowned for his sharp trading instincts and for actively managing billions in institutional capital. With his prominent hedge fund, Point72 Asset Management, founded in 2014, Steve oversees a massive regulatory portfolio. The company’s recent filing showed that the hedge fund held approximately $78.05 billion in 13F securities as of the quarter ended March 31, 2026. For investors who want to make informed decisions, the investment maneuvers of institutional managers such as Steve Cohen can be a treasure trove, providing key insights into where the world’s sophisticated capital is flowing.
The escalating macroeconomic tensions, including the growing fear of inflation, further deepen the need for expert guidance. On May 22, 2026, CNBC reported that the University of Michigan’s consumer sentiment index declined to a fresh record low of 44.8 as the war between Iran and the U.S., alongside the escalating oil prices, fueled intense inflation fears. Supply disruptions in the Strait of Hormuz have pushed long-term inflation expectations to 3.9%. Consequently, the Federal Reserve Governor Christopher Waller expressed concern over rising pressures.
With this macro volatility adding pressure on investors’ portfolio decisions, Steve Cohen’s highly disciplined, multi-strategy institutional model offers resilient, defensive assets worth exploring.
Against this backdrop, let’s explore the Steve Cohen Stock Portfolio: Top 10 Stock Picks.
Steven Cohen of Point72 Asset Management
Our Methodology
To compile our list of 10 Best Stocks in Steve Cohen’s portfolio, we reviewed the firm’s 13F filing for Q1 2026. We filtered the list using the percentage of portfolio value each stock represents and ranked them accordingly. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. All the pricing data are current as of market close on May 26, 2026.
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).
10. Block, Inc. (NYSE:XYZ)
Market value of shares owned: $379,033,800
% of portfolio: 0.49%
Block, Inc. (NYSE:XYZ) is one of the 10 Best Stocks in Steve Cohen’s Portfolio.
On May 26, 2026, Square, the commerce platform owned by Block, Inc. (NYSE:XYZ), was selected by clean beauty franchise Magnolia Soap & Bath Co. to power its operations across more than 50 locations in 17 states. Magnolia will utilize “Square for Retail” and “Square for Franchises” to centralize real-time KPI tracking, inventory management, and omni-channel sales, including local delivery and event bookings. The platform’s unified architecture standardizes franchise infrastructure, thereby assisting in maintaining brand consistency and supporting the company’s rapid national expansion and independent local operations.
Earlier this month, Canaccord raised the firm’s price target on Block, Inc. (NYSE:XYZ) to $85 from $80 on May 19, 2026. The firm’s analyst Joseph Vafi kept a Buy rating on the stock. The firm noted that Block, Inc. (NYSE:XYZ) has delivered solid first-quarter results, with no adverse effects following an announced 40% workforce reduction. As the company aggressively leans into AI, its performance amid a challenging macro environment and a maturing e-commerce payments landscape indicates that the company’s strategic focus and disciplined execution enable it to achieve operational efficiency.
Founded in 2009, Block, Inc. (NYSE:XYZ) is a global technology company focused on financial services. Based in Oakland, California, the company creates ecosystem tools through Square, Cash App, Spiral, TIDAL, and TBD to expand economic access for businesses and individuals across the globe.
9. Akamai Technologies, Inc. (NASDAQ:AKAM)
Market value of shares owned: $379,098,603
% of portfolio: 0.49%
Akamai Technologies, Inc. (NASDAQ:AKAM) is one of the 10 Best Stocks in Steve Cohen’s Portfolio.
On May 22, 2026, Akamai Technologies, Inc. (NASDAQ:AKAM) completed a private placement issuing $3.5 billion in 0.00% Convertible Senior Notes to qualified institutional buyers. The transaction is split evenly into $1.75 billion tranches maturing in 2030 and 2032. The company intends to use $236.6 million of the proceeds to fund convertible note hedge transactions to mitigate future dilution, partially offset by warrant sales. Additionally, Akamai Technologies, Inc. (NASDAQ:AKAM) aimed to spend $350 million to repurchase roughly 2.48 million shares at $141.34 per share, which would optimize the company’s capital structure.
Prior to this, on May 15, 2026, Citi raised the firm’s price target on Akamai Technologies, Inc. (NASDAQ:AKAM) from $110 to $160. The firm’s analyst Fatima Boolani maintained a Neutral rating on the shares. Citi attributed the company’s recent stock rally to a landmark seven-year, $1.8 billion AI infrastructure deal with Anthropic and cited its scarcity value as a reasonably priced AI asset. The adjustment to the price target follows a meeting with Akamai Technologies, Inc. (NASDAQ:AKAM), but the firm believes the market is overlooking the weakness in the company’s margins.
Founded in 1998, Akamai Technologies, Inc. (NASDAQ:AKAM) is a global leader in cybersecurity, cloud computing, and content delivery network (CDN) services. Headquartered in Massachusetts, the company operates Akamai Connected Cloud, a massively distributed edge platform designed to optimize enterprise digital experiences.
8. RTX Corporation (NYSE:RTX)
Market value of shares owned: $394,939,409
% of portfolio: 0.51%
RTX Corporation (NYSE:RTX) is one of the 10 Best Stocks in Steve Cohen’s Portfolio.
On May 26, 2026, The Javelin Joint Venture, a partnership between Raytheon, a subsidiary of RTX Corporation (NYSE:RTX), and Lockheed Martin (LMT), delivered its first Lightweight Command Launch Units (LWCLU) to the U.S. Army. The next-generation system reduces size by 30%, weight by 25%, and doubles the target detection range, effectively replacing the legacy command launch units. To date, Raytheon has invested $22 million to modernize its Tucson factory to ramp up production capacity.
In another development, on the same day, Raytheon has been awarded a DARPA Phase 2 contract for its Burn n’ Go program to engineer composable solid rocket motors (SRMs). Unlike traditional, single-use hardware, this flexible design allows thrust to be adjusted on demand to serve multiple missile platforms. The project aims to resolve critical manufacturing bottlenecks and to speed up production timelines. Raytheon’s Advanced Technology team will lead the effort alongside Northrop Grumman’s Allegany Ballistic Laboratory and Luna Innovations.
Founded in 1922, RTX Corporation (NYSE:RTX) is a giant in the global aerospace and defense industry, providing systems and services to commercial, military, and government clients. The Virginia-based company operates through three main businesses: Collins Aerospace, Pratt & Whitney, and Raytheon.
7. Spotify Technology S.A. (NYSE:SPOT)
Market value of shares owned: $444,234,294
% of portfolio: 0.57%
Spotify Technology S.A. (NYSE:SPOT) is one of the 10 Best Stocks in Steve Cohen’s Portfolio.
On May 22, 2026, Spotify Technology S.A. (NYSE:SPOT), in partnership with Live Nation (LYV), announced the launch of “Reserved by Spotify,” a first-of-its-kind loyalty program that rewards superfans with early concert ticket access. The program uses daily music engagement data like organic streams, video views, and playlist saves to identify an artist’s most dedicated superfans among active Premium subscribers. Users who are eligible will receive in-app notifications and email alerts, opening an exclusive, dedicated pre-sale window to purchase up to two tickets. The companies will launch the program in the U.S. this summer with a plan to span global stadium, arena, and amphitheater venues.
In a separate event, Spotify Technology S.A. (NYSE:SPOT) saw its price target from Cantor Fitzgerald raised from $430 to $520. Cantor kept a Neutral rating on the company’s stock. As of May 26, 2026, 43 analysts following the stock’s movements have assigned it a consensus Buy rating and anticipate a 13.27% average upside over the next year, according to CNN.
Founded in 2006, Spotify Technology S.A. (NYSE:SPOT) is a leading digital music streaming platform. The company is based in Luxembourg and operates through the Premium and Ad-Supported segments.
6. Meta Platforms, Inc. (NASDAQ:META)
Market value of shares owned: $519,639,361
% of portfolio: 0.67%
Meta Platforms, Inc. (NASDAQ:META) is one of the 10 Best Stocks in Steve Cohen’s Portfolio.
On May 23, 2026, Morningstar reported that Meta Platforms, Inc. (NASDAQ:META) had quietly launched a new free app called Forum on Apple’s App Store without a public announcement. This new standalone iOS application, dedicated entirely to Facebook Groups, streamlines group activity into a focused workspace. Closely resembling Reddit, the Forum prioritizes discussion-first feeds and nickname posting. The app also offers an AI-powered “Ask” search tab over traditional social timelines. The rollout marks a broader app offensive for Meta Platforms, Inc. (NASDAQ:META), as the company also recently launched “Instants,” a Snapchat-like platform that offers disappearing photo sharing. A Meta spokesperson gave the following comment.
We test lots of new products publicly to see what people find interesting and useful to their experiences across our apps.
In another development, on May 26, 2026, Registered Investment Advisor, JLens, urged Meta Platforms, Inc. (NASDAQ:META) shareholders to vote FOR Shareholder Proposal 8 at the annual meeting on May 27, 2026. The proposal is backed by the proxy advisory firm Glass Lewis and calls for a transparent report assessing the company’s effectiveness in combating antisemitism and online hate. JLens notes that unmitigated extremist content actively compromises advertiser safety, risking Meta Platforms, Inc. (NASDAQ:META)’s core revenue channels.
Founded in 2004, Meta Platforms, Inc. (NASDAQ:META) is a global technology conglomerate with headquarters in California. The company builds technologies that help people connect, find communities, and grow businesses through its “Family of Apps.”
While we acknowledge the potential of META to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about the cheapest AI stock.
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