Overview

• Cohen's Point72 Capital now holds over 1.5 million shares in Sphere Entertainment Co., valued at over $50 million.
• This investment follows Cohen's previous stakes in Fox Corp. and Range Media Partners, emphasizing his interest in media and sports.
• The Sphere, known for its advanced technology, has hosted major concerts and will feature its first sporting event, the NHL Draft, this week.
• James Dolan, who controls Sphere Entertainment, also owns the New York Knicks and Rangers through Madison Square Garden Sports.
• Cohen's investment strategy focuses on identifying undervalued opportunities and making large, concentrated bets.