Steve Cohen's Point72 scoops up $336M in blue-chip dividend stock

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Aditya RaghunathFri, February 27, 2026 at 5:07 AM GMT+1 5 min readSteve Cohen knows how to play the long game.The founder and CEO of Point72 Asset Management spent decades navigating the markets, first at S.A.C. Capital Advisors, which he founded in 1992, before converting operations to the Point72 family office in 2014.The firm later opened to outside investors in 2018 and today manages tens of billions in assets across global multi-strategy investments.Cohen is also widely known outside of finance. He bought the New York Mets in 2020 and serves as the team's chairman and CEO.According to 13F filings, Point72 took a new position in TransDigm Group, buying 252,781 shares valued at roughly $336.2 million.That stake represents 0.55% of the firm's total portfolio and 0.45% of TransDigm's shares outstanding. The change in shares held was 252,281, essentially a new position built from scratch.It's a bold bet on a company that's come under pressure lately. Valued at $73 billion by market cap, TDG stock is down 20% from all-time highs. The ongoing pullback has raised the company’s trailing dividend yield to almost 7%.Steve Cohen is bullish on this dividend stock.Newsday LLC/Getty Images · Newsday LLC/Getty ImagesTransDigm takes an unconventional approach to dividends. Rather than paying a quarterly dividend, it periodically issues large special dividends when cash builds up on the balance sheet.In 2025, it paid shareholders an annual dividend of $90 per share, according to Yahoo! Finance, yielding almost 7%. Its dividend payout was much lower in 2024, at $75 per share, and in 2023, at $35 per share.Annual dividend per share: $90 (most recent special dividend)Dividend yield (TTM): Approximately 6.94%, based on the $90 special dividendDividend frequency: Special/irregular payments — not quarterlyDividend growth 3-year CAGR: 71%Market capitalization: Approximately $71.7 billion52-week range: $1,183.60 - $1,623.83It's worth noting that TDG doesn't pay a predictable dividend like a utility stock. Investors looking for consistent quarterly income should understand that its "dividend" strategy is tied to cash flow and capital allocation decisions in any given period.That said, the near-term dividend growth rate is impressive. And for Cohen and Point72, the dividend may be secondary to the bigger picture — a dominant aerospace compounder with pricing power, a war chest for acquisitions, and a stock trading well off its highs.TransDigm isn't a household name, but in the aerospace world, it's a powerhouse.The Cleveland-based company designs and manufactures highly specialized components used on nearly every commercial and military aircraft flying today.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,878.88 -29.98 (-0.43%)Dow 3048,977.92 -521.28 (-1.05%)Nasdaq22,668.21 -210.17 (-0.92%)Russell 20002,632.36 -44.93 (-1.68%)VIX19.86 +1.23 (+6.60%)Gold5,247.90 +53.70 (+1.03%)Trending tickersBTC-USD Bitcoin USD 63,562.63 -4,312.66 (-6.35%)ETH-USD Ethereum USD 1,858.59 -176.68 (-8.68%)CL=F Crude Oil Apr 26 67.02 +1.81 (+2.78%)XRP-USD XRP USD 1.29 -0.13 (-9.02%)ANTH.PVT Anthropic 259.14 0.00 (0.00%)PortfolioSign in to access your portfolioSign inTop gainersAAOI Applied Optoelectronics, Inc. 84.23 +30.54 (+56.88%)BWIN The Baldwin Insurance Group, Inc. 23.23 +4.74 (+25.64%)FIGS FIGS, Inc. 15.45 +2.98 (+23.90%)DELL Dell Technologies Inc. 148.08 +26.63 (+21.93%)PSKY Paramount Skydance Corporation 13.51 +2.33 (+20.84%)Top losersRUN Sunrun Inc. 13.25 -7.17 (-35.11%)FIGR Figure Technology Solutions, Inc. 25.28 -8.76 (-25.73%)CRWV CoreWeave, Inc. 79.56 -18.07 (-18.51%)ACA Arcosa, Inc. 107.48 -20.02 (-15.70%)TPC Tutor Perini Corporation 75.37 -14.01 (-15.67%)Most activeNVDA NVIDIA Corporation 177.19 -7.70 (-4.16%)NFLX Netflix, Inc. 96.24 +11.63 (+13.75%)SOFI SoFi Technologies, Inc. 17.76 -1.34 (-7.02%)PLUG Plug Power Inc. 1.7900 -0.1200 (-6.28%)NU Nu Holdings Ltd. 14.98 -0.08 (-0.53%)Top economic eventsEarnings eventsMy earnings eventsEarnings events