third point

In February, Third Point Investors Limited's share price returned 1.2%, reflecting a narrowing of the discount to NAV from 22.3% to 19.6%. Meanwhile, Third Point Investors Limited returned -2.3% on a NAV basis, underperforming the MSCI World Index (-0.7%) and the S&P 500 Index (-1.3%) for the...

Hawaiian Electric Industries, Inc. (NYSE:HE) is set to report its fourth-quarter results on Friday during market hours. Here's a look at what to expect in the report.  What To Watch: Investors and analysts will be watching closely for updates on the company’s financial health following...

Technology giant, Amazon.com, Inc. (NASDAQ:AMZN), which reported earnings last week, remains one of the top holdings in Dan Loeb's Third Point LLC portfolio. However, Loeb has had a complex relationship with the stock, adjusting his stake multiple times over the past two years. Stake History: The...

Nvidia Corp. (NASDAQ:NVDA) shares were higher in premarket trading on Tuesday following Monday’s 7% rally. The positive sentiment reflects optimism over the uptake of its high-performance chips for AI software and applications. On Monday, Morgan Stanley analyst Joseph Moore issued an upbeat...

ETF fund manager Cathie Wood is known for investing in growth stocks and what she has labeled as “innovation.” A take by the fund manager drew criticism from a hedge fund manager. What Happened: Ark Invest CEO Cathie Wood is known for putting high forward-looking price targets on...

A Walt Disney Company (NYSE: DIS) analyst is calling for a spinoff many have suggested for the media giant over the years. While previous CEO Bob Chapek was against spinning off ESPN and ABC, the analyst sees newly appointed CEO Bob Iger as being in favor of the change. What Happened: Disney...

Dan Loeb and Bill Ackman are billionaire activist investors who own hedge funds Third Point Management and Pershing Square Capital Management, respectively. Both have been outspoken in the media this year, as Loeb wanted Disney to sell its unprofitable ESPN segment. After that, Loeb directed his...

Sam Bankman-Fried has taken a quick fall from savior in the cryptocurrency sector to the one needing saving. It appears that for now, billionaire David Loeb of Third Point will not be the one stepping in to help. 'Fake News'? Coindesk reported Thursday that SBF had discussions...

Activist investor Dan Loeb issued a letter to The Walt Disney Company (NYSE: DIS) CEO Bob Chapek and the company’s Board of Directors Monday. Loeb took a stake in Disney via Third Point and is seeking to have constructive engagement with the company. In the letter, Loeb congratulates ...

The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From 13F Season: Investors who follow particular fund managers can easily look up what each was...

A new funding round for MetaMask owner ConsenSys could help the company with plans for a DAO and a token. Here’s the latest. What Happened: ConsenSys raised $450 million in a Series D round Tuesday that values the company at $7 billion. ParaFi led the raise with returning investors in the...

Activist investor Dan Loeb noted that the combined strength of Walt Disney Co.’s (NYSE: DIS) various sports, general entertainment, and blockbuster franchises remains “unparalleled” in the global media industry. What Happened: In a letter to investors of his hedge fund Third Point...

A leading digital currency company that created the USD Coin announced a SPAC merger Thursday morning. The SPAC Deal: Circle announced a SPAC merger with Concord Acquisition Corp (NYSE: CND) valuing the company at $4.5 billion. A PIPE of $415 million is included as part of the SPAC merger and...

Bill Ackman's plan to acquire 10% of Universal Music Group could face a setback with Vivendi shareholders speaking out against the transaction.  What Happened: Bill Ackman’s Pershing Square Tontine Holdings Ltd (NYSE: PSTH) announced a plan to acquire 10% of Universal Music Group, a...