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Mets Owner Steve Cohen’s Firm Discloses Large Stake in Fox Corp.

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Cohen’s hedge fund Point72 revealed the approximately 5 percent stake in Fox this week.

A high-profile investor has disclosed a significant stake in Fox Corp.

Steve Cohen, the hedge fund billionaire and owner of the New York Mets on Tuesday revealed that his firm, Point72, now owns about 5 percent of Fox’s shares, with a market value of about $350 million as of writing.

Point72 owns just shy of 10 million shares, with another 2.37 million exercisable in options. The company disclosed the holdings on a form 13G with the Securities and Exchange Commission, suggesting that it is a passive investment (active investments are usually filed on form 13D).

While Cohen is one of the most high-profile investors in the country (the character of Bobby “Axe” Axelrod in the Showtime series Billions is loosely based on Cohen), he is not known for running activist campaigns. Instead, Point72 is known for identifying opportunistic investments that other firms may have missed, and making large, concentrated bets on them.

In the case of Fox, it could be because of the potential for a larger deal or sale, or a bet that its strategic position is a strong one. Fox, for example, will bring its live sports to streaming for the first time later this year in a bundled offering with Disney and Warner Bros. Discovery.

Filings suggest that Point72 accumulated most of its Fox holdings in recent weeks. In its last quarterly report, filed in February, Point72 reported owning about 740,000 shares of Fox.

Fox Corp. owns the Fox broadcast network, Fox News and Tubi, among other businesses.

Fox, of course, was founded by Rupert Murdoch, and the Murdoch family effectively controls the company, with 42.9 percent of voting shares. Point72’s 5 percent stake would make it the fourth largest shareholder in the company, after only the Murdochs and the index fund managers Vanguard and Dodge & Cox.

A spokesperson for Point72 declined to comment on the investment, and a spokesperson for Fox declined to comment.

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HENRY CAVILL is going to be a DAD – Hollywood TV

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HENRY CAVILL is going to be a DAD – Hollywood TV

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American Idol: Katy Perry REACTS to Nearly LOSING HER TOP on Live TV (Exclusive)

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American Idol: Katy Perry REACTS to Nearly LOSING HER TOP on Live TV (Exclusive)

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Under $200 Spring Wedding Guest Dresses

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The products featured in this article are from brands that are available in the NBCUniversal Checkout Marketplace. If you purchase something through our links, we get a commission.

If you’re headed to a spring wedding, you’re going to need a great wedding guest dress. Sure, all eyes will be on the bride as they walk down the aisle, but what about dinner or the dance floor? Hey, miss best-dressed. That’s your time to shine!

We know your wedding guest attire can depend on the kind of wedding you’re invited to. Our shopping experts have rounded up the best wedding guest dresses for a casual wedding, a spring cocktail wedding, a black-tie wedding, a destination wedding, and beyond.

Before you head down the rabbit hole of florals and pastels from your regular rotation of retailers, know that our spring wedding guest dress selections go beyond run-of-the-mill floral print.

Shop bright spring hues, modern patterns, and unexpected silhouettes from a variety of must-see designers. We’ve found wedding guest dresses from Amanda Uprichard, Few Moda, Saltwater Luxe, Avec Les Filles, and so much more.

Worried about the weather? Spring is actually the perfect season to be a wedding guest. Depending on the wedding location, spring can be cool enough for a long-sleeve dress and satin dresses, or warm enough for a skin-baring mini-dress, a sleeveless maxi dress, or even a spaghetti-strap midi dress if you really wanted to.

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