- Third Point, the hedge fund founded by Daniel Loeb nearly 30 years ago, took new positions in Alphabet (NASDAQ:GOOGL) (4.75M shares), Alibaba group Holdings (NYSE:BABA) (1.33M shares), Advanced Micro Devices (NASDAQ:AMD) (1M shares), Micron Technology, Inc. (NASDAQ:MU) (1.20M shares), and Salesforce, Inc. (NYSE:CRM) (800K shares) during the first quarter of 2023, according to an SEC filing dated Monday.
- Meanwhile, the firm exited its positions in SentinelOne, Inc. (NYSE:S), Fidelity National Information Services, Inc. (NYSE:FIS) and Walt Disney Co. (NYSE:DIS).
- Stakes were boosted in Dupont De Nemours, Inc. (NYSE:DD) to 4M shares from 3M, and Hertz Global Holdings, Inc. (NASDAQ:HTZ) to 6.35M shares from 5.35M.
- Earlier, Bill Ackman's Pershing Square also disclosed a fresh stake in Alphabet.