May hedge fund returns: Steve Cohen's Point72 leads the way among the industry's biggest names

Steve Cohen's Point72 gained 2% in May 2026, achieving a 10.5% year-to-date return. Other major hedge funds like Millennium and Citadel also posted gains, though they underperformed the S&P 500's 11% surge driven by tech and AI stocks. Walleye and North Rock reported small losses for the month.