Third Point LLC

Hedge fund manager Dan Loeb had five major financial stocks in the Third Point LLC portfolio, each on the downtrend. What Happened: Last week, shares of companies within the broader financials sector traded lower as markets reacted to President Trump‘s sweeping tariff announcement. Here...

Wall Street's most elite hedge funds had a clear pecking order in the fourth quarter of 2024, and it wasn't the usual suspects leading the pack. Tiger Global Management LLC, Appaloosa LP, and Soros Fund Management LLC pulled ahead, outpacing investing legends like Warren Buffett's Berkshire...

During the dot-com boom in the late 1990s to early 2000s, it seemed like any company that wanted its share values to increase would simply issue a PR with the word ".com" in it, and the stock would move higher. In 2023, the sentiment is largely similar, with investors pushing up the share prices of...

It’s hedge fund season. Hedge funds with more than $100 million in assets are required to file a Form 13F with the U.S. Securities and Exchange Commission (SEC) within 45 days of the end of each calendar quarter. The last deadline was Feb. 14 for the fiscal quarter ending Dec. 31. Investors...

Dan Loeb’s multi-billion dollar Third Point LLC hedge fund added shares of American International Group Inc. (NYSE: AIG) last quarter, saying that the company is repositioning itself as a “pure-play P&C insurer.” What Happened: Loeb announced the stake in a fourth-quarter...

Coinbase Global Inc (NASDAQ: COIN) said in a shareholder letter on Monday that 10% of the top 100 largest hedge funds by assets under management are among its clients. What Happened: Coinbase said many clients have selected it as their “exclusive partner.”  The cryptocurrency...

Coinbase Global reported earnings after market close Tuesday. Here are the key takeaways from the shareholder letter. What Happened: Coinbase Global (NASDAQ: COIN) reported second-quarter revenue of $2.03 billion. The total beat the Street consensus estimate of $1.77 billion. The company reported...

After months of back-and-forth between Campbell Soup Co. (NYSE: CPB) and activist investor Third Point LLC regarding the addition of board members and company involvement, the two have reached a deal.  What Happened Following its annual shareholder meeting Nov. 29, Campbell will...

Dan Loeb’s Third Point released its quarterly letter to its investors on Wednesday. The fund earned 4.6 percent in the second quarter, bringing total returns for the year to 10.7 percent as of June 30. For comparison, the S&P 500 was up about 8.2 percent for the year as of June 30. During...

Tracking hedge funds moves can provide investors with great research-backed investment ideas. Over the past couple of days, two major hedge funds, Third Point LLC and Gamco Investors, et al. disclosed bullish moves in two companies. Shares of Baxter International Inc (NYSE: BAX) and Layne...

Dan Loeb's hedge fund Third Point LLC dumped its $1 billion stake in Alibaba Group Holdings Ltd (NYSE: BABA) in the first quarter and picked up shares of Yum! Brands, Inc. (NYSE: YUM). Third Point's total portfolio value sank to $10.95 billion as of March 31, from $11.09 billion...

In his first quarter investment letter, Third Point's Dan Loeb notes that the hedge fund has taken large stakes in two companies: Devon Energy Corp (NYSE: DVN) and Yum! Brands, Inc. (NYSE: YUM). Yum! Brands moved sharply higher Friday following the announcement, gaining nearly 7 percent to...

Activist investor Daniel S. Loeb used bad judgement in exiting positions and poor trading strategies in volatile markets, according to his quarterly letter to investors. Loeb's hedge fund Third Point LLC offered a return last year of 5.7 percent -- compared with the S&P 500 Index's...

Shares of CF Industries (NYSE: CF) charged through the $192 level during Monday's late-afternoon trading session following the disclosure of an equity position by none other than Dan Loeb's Third Point. CF shares rallied as much as 6.5 percent. While the letter did not specifically mention the...