50 Top Stock Picks In Q2 That Billionaires Love

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American International Group

Investor Place

Market Value: $ 25.6 billion
Billionaire Investor: Steve Cohen (Point72 Asset Management)
Percent of Portfolio: 5.2%

The American International Group (AIG) almost closed down after the Great Recession, but due to a $182 billion bailout, the insurance corporation managed to get back on its feet. AIG has continued to be one of the world’s top insurance companies, offering coverage for life, home, auto, business and travel, aside from offering other products and financial services. The Point27 Asset Management team led by billionaire Steve Cohen bought another 145,999 shares, giving the company a portfolio equity of 5.2% in the second quarter.