danloeb
Dan Loeb’s letter to Third Point investors for the second quarter ended June 2023, providing an update on his AI-driven positions. Dear Investor: During the Second Quarter, Third Point returned 1.1% in the flagship Offshore Fund. Q2 2023 hedge fund letters, conferences and more The top five winners for the quarter were PG&E Corporation (NYSE:PCG), Microsoft Corp (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOGL), and Ferguson PLC (NYSE:FERG). The top five losers for the quarter were Alibaba Group Holding Ltd (NYSE:BABA), Danaher Corporation (NYSE: DHR), Catalent Inc (NY...
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The fund trimmed and exited several positions, pivoting segment exposure toward technology in the wake of economic uncertainty Daniel Loeb’s New York-based hedge fundThird Point LLC this week reported its latest trades and movements for the March quarter. Known for the firm’s aggressive investment strategies and relentless pursuit of profits, Loeb is often seen as an unapologetic activist investor. He has built a reputation for shaking up established companies and pushing for change in their management and operations. With an uncanny ability to identify undervalued assets and overlooked opport...
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Dan Loeb’s letter to Third Point investors for the first quarter ended March 31, 2023, discussing his new positions in UBS Group AG (NYSE:UBS) and Alphabet Inc (NASDAQ:GOOGL). Dear Investor: During the First Quarter, Third Point returned -4.1% in the flagship Offshore Fund and -4.6% in the Ultra Fund. Assets under management on March 31, 2023, were approximately$12.1 billion. The top five winners for the quarter were Salesforce Inc (NYSE:CRM), Advanced Micro Devices, Inc. (NASDAQ:AMD), LVMH (OTCMKTS:LVMUY), Walt Disney Co (NYSE:DIS), and Microsoft Corp (NASDAQ:MSFT). The top five losers for th...
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In Wednesday filing, SPNT stock’s 9.3% owner reveals intention to buy remaining shares Shares of SiriusPoint (NYSE:SPNT) look set to extended Wednesday’s more-than-10% gain as investors mull the potential of Third Point LLC acquiring the company. The activist fund, run by Daniel Loeb, currently owns 9.34% of the stock. Loeb’s Third Point believes that SiriusPoint’s management team, led by its CEO, is taking the necessary steps to position the company for long-term success and is supportive of the current strategy and plan being pursued. Q1 2023 hedge fund letters, conferences and more Find A Q...
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Dan Loeb’s letter to Third Point investors for the fourth quarter ended December 2022, discussing his new long position in AIG. Dear Investor: During the Fourth Quarter, Third Point returned 1.2% net in the flagship Offshore Fund and 1.2% net in the Ultra Fund. Assets under management on December 31, 2022 were approximately $12.6 billion. Q4 2022 hedge fund letters, conferences and more The top five winners for the quarter were Pacific Gas and Electric Co. (NYSE:PCG), Bath & Body Works, Inc. (NYSE:BBWI), Twitter, Inc. (NYSE:TWTR), DuPont de Nemours, Inc. (NYSE:DD), and TJX Companies, Inc (NYSE...
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Dan Loeb’s letter to Third Point investors for the third quarter ended September 2022, discussing the top five winners for the quarter. Dear Investor: During the Third Quarter, Third Point returned -3.2% in the flagship Offshore Fund. The top five winners for the quarter were Pacific Gas and Electric Co. (NYSE:PCG), Ventyx Biosciences, Inc. (NASDAQ:VTYX), Cano Health, Inc. (NYSE:CANO), SentinelOne Inc (NYSE:S), and Short A.1 The top five losers for the quarter were Colgate-Palmolive Co. (NYSE:CL), The Walt Disney Co. (NYSE:DIS), Short B, Private A, and Ferguson PLC (LON:FERG). Q3 2022 hedge fu...
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Following are excerpts from the unofficial transcript of a CNBC exclusive interview with Walt Disney Co (NYSE:DIS) CEO Bob Chapek on CNBC’s “Squawk on the Street” (M-F, 9AM-11AM ET) today, Thursday, September 15. Disney CEO Bob Chapek On Rising Operating Costs, Activist Investor Dan LoebDisney CEO Bob Chapek: ESPN Will Not Be Your Father’s Old Sports ExperiencePart IDAVID FABER: Yeah, it was an interesting conversation with Bob Chapek. Obviously, it came after his appearance at the Communacopia event not far from here where any number of both tech and media CEOs were speaking or at least quest...
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What’s New In Activism – Third Point Backtracks On ESPNThird Point Partners’ Dan Loeb backtracked on his push for a spinoff of sports broadcaster ESPN after parent Walt Disney rejected the idea. Over the weekend, Walt Disney CEO Bob Chapek told several media outlets that he had confidence in ESPN’s value within the media group. Q2 2022 hedge fund letters, conferences and more A month ago, Loeb said in a letter to Chapek that he planned to push for a string of changes at Disney. The activist argued spinning off ESPN would allow Disney to reduce its $46-billion debt load. Loeb also called on Dis...
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Dan Loeb’s letter to Third Point investors for the first quarter ended March 2022, discussing the top five winners for the quarter; Shell PLC (NYSE:SHEL), EQT Corporation (NYSE:EQT), Macro A, Macro B, and Zendesk Inc (NYSE:ZEN). Dear Investor: During the First Quarter, Third Point returned -11.5% in the flagship Offshore Fund and-15.3% in the Ultra Fund. Assets under management at March 31, 2022 were approximately $16.0 billion. Q1 2022 hedge fund letters, conferences and more The top five winners for the quarter were Shell plc, EQT Corp., Macro A, Macro B, and Zendesk Inc. The top five losers...
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Dan Loeb’s letter to Third Point investors for the third quarter ended July 2021, discussing the top winners in Q3; Upstart Holdings Inc (NASDAQ:UPST) and SentinelOne Inc (NYSE:S). Q3 2021 hedge fund letters, conferences and more Dear Investor: During the Third Quarter, Third Point returned +12.5% in the flagship Offshore Fund and +16.2% in the Ultra Fund, bringing year to date returns to +29.5% and +36.5%, respectively. Assets under management at September 30, 2021 were approximately $19.3 billion, including $863 million in the Third Point Structured Credit Opportunities Fund.1 The top five w...
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