Billionaire investor Steve Cohen has significantly redeployed capital into major U.S. banks, channeling approximately $205.5 million into shares of Wells Fargo, US Bancorp and several other regional financial institutions in the latest quarter, according to recent 13F SEC filings.
The filings reveal Cohen’s firm, Point72 Asset Management, added stakes across a basket of banks, even as the portfolio’s exposure to one of Warren Buffett’s top holdings shrank.
Among the largest new or increased positions reported for Q4 2025 were U.S. Bancorp at roughly $61.4 million, Huntington Bancshares at $68.1 million, Bank of New York Mellon at $44.2 million, Cullen/Frost Bankers at $16.2 million, and Wells Fargo at $15.6 million.
The size and variety of positions suggest a diversified banking exposure rather than a concentrated push into a single lender.
At the same time, Cohen’s portfolio trimmed exposure to Bank of America, a holding historically tied to value investor Warren Buffett.
Cohen, owner of MLB’s New York Mets, is worth about $23 billion.
In 2013, S.A.C. Capital Advisors, Cohen’s firm at the time, pleaded guilty to insider trading and agreed to pay $1.8 billion in fines – one of the biggest criminal cases against a hedge fund.
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