Dan Loeb launched Third Point in 1995 as an investor and hedge fund manager. Third Point is an activist hedge fund established in New York that invests in value-oriented firms. The hedge fund is known for moving poor management and corporate practices around. Dan Loeb’s $14.3 billion portfolio was heavily weighted towards utilities and telecoms, information technology, healthcare, finance, consumer discretionary, and communications. The hedge fund has 92 positions, with the top ten accounting for 52.41 percent of the 13F portfolio.
Insider Monkey took a look at the favorite stocks of Dan Loeb’s Third Point. Dan Loeb’s $14.3 billion portfolio was heavily weighted toward utilities and telecoms, information technology, healthcare, finance, consumer discretionary, and communications. The hedge fund owns 92 stocks, with the top ten accounting for 52.41 percent of the 13F portfolio. On March 17, Accenture Plc posted results for the first quarter of 2022, which were $0.18 higher than analysts’ expectations. The sales of $15.05 billion was up 24.47 percent year over year, surpassing market expectations by $380 million. Microsoft Corporation issued a $0.62 per share quarterly dividend on March 15, the same as in prior years. The dividend will be paid on June 9 to company shareholders at the close of business on May 19. Dan Loeb holds $538.1 million worth of Microsoft Corporation stock, totaling 1.60 million shares. As of Q4 2021, Dan Loeb’s Third Point owned 4 million shares of Upstart Holdings, Inc., valued at $605.2 million. Revenue increased by 251.57 percent to $304.85 million year over year. Dan Loeb, a billionaire, owns a holding in Alphabet Inc. worth roughly $614 million, accounting for 4.28 percent of Third Point’s total 13F securities. Alphabet just revealed “very good” Q4 results as well as its continued investment in AI. For more details, click 10 Favorite Stocks Of Dan Loeb’s Third Point.