Billionaire Steve Cohen Pours $892,422,000 Into Four Stocks After Dumping Walmart, PayPal and Confluent

Billionaire Steve Cohen Pours $892,422,000 Into Four Stocks After Dumping Walmart, PayPal and Confluent

The global asset manager owned by billionaire Steve Cohen is in the midst of a capital rotation, fully exiting multiple names while opening new positions. Point72 Asset Management’s latest 13F filing shows that the firm dumped its stake in the retail giant Walmart (WMT), selling all 1,941,836 WMT shares worth $200.125 million in Q4 of 2025. Cohen’s asset management firm also unloaded 100% of its position in the payments firm PayPal (PYPL). Point72 sold 876,306 PYPL shares valued at $58.765 million. And the firm dropped all of its holdings in the data streaming platform Confluent (CFLT), dumping 17,206,434 CFLT shares worth $340.687 million. Meanwhile, Point72 opened a new position in the asset management titan BlackRock (BLK) in Q4 of last year. The firm bought 168,495 BLK shares to the tune of $180.346 million. Point72 also bought new stakes in the payments giant Visa (V) and the tech c

Source: https://dailyhodl.com/2026/04/09/billionaire-steve-cohen-pours-892422000-into-four-stocks-after-dumping-walmart-paypal-and-confluent/