Billionaire Steve Cohen Pours $205,519,000 Into Wells Fargo, US Bank and Other Lenders, Trims Position in Warren Buffett Favorite

Group 1 - Billionaire investor Steve Cohen has invested approximately $205.5 million into major U.S. banks, including Wells Fargo and US Bancorp, in the latest quarter [1] - Cohen's firm, Point72 Asset Management, has diversified its banking exposure by adding stakes across multiple banks rather than concentrating on a single lender [2] - Significant new or increased positions include U.S. Bancorp at roughly $61.4 million, Huntington Bancshares at $68.1 million, and Bank of New York Mellon at $44.2 million [2] Group 2 - Cohen's portfolio has reduced its exposure to Bank of America, a historically significant holding associated with Warren Buffett [3] - Steve Cohen's net worth is approximately $23 billion, and he is the owner of MLB's New York Mets [3]