Point72 Makes Bottom-Fishing Bets

Steven Cohen’s multistrategy firm disclosed five recent large purchases, one of which is now a top-ten position.

( Emile Wamsteker/Bloomberg)

( Emile Wamsteker/Bloomberg)

Steven Cohen’s Point72 Asset Management has disclosed at least five sizable investments in the past five weeks amid the market meltdown and overall volatility, according to regulatory filings.

One of the stocks became a top-nine holding in its U.S. common stock portfolio. However, several of them are still tiny positions.

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