Top 5 Stocks New Mets Owner Steve Cohen Was Buying in Q3

4. Microsoft Corporation (NASDAQ:MSFT)

Steve Cohen took a much bigger stake in Microsoft Corporation (NASDAQ:MSFT) in the third quarter, buying nearly 639,000 shares to grow the size of its MSFT holding by 186%. 27% of the select group of high performing hedge funds tracked by Insider Monkey were long Microsoft on June 30, which was topped only by Amazon.com, Inc. (NASDAQ:AMZN).

Hedge funds like that Microsoft has been able to successfully diversify and better monetize its portfolio of products and services in recent years while pushing them onto the cloud. Microsoft’s top and bottom-line results were close to equally represented by its cloud, business, and consumer segments in 2019. Microsoft is also building an impressive security portfolio that is proving increasingly attractive to corporate CIOs and which could represent a $30 billion sales opportunity according to Barclay’s.