: Loeb’s Third Point buys up new stakes in Alibaba, AMD and Alphabet while dumping Disney’s stock

by | May 15, 2023 | Stock Market

Daniel Loeb’s Third Point LLC took out new positions in Alphabet Inc., Alibaba Group Holding Ltd. and Advanced Micro Devices Inc. during the latest quarter, according to a recent filing. Third Point amassed a new stake in Alphabet

amounting to 4.75 million Class A shares during the first quarter, according to a 13-F filing with the Securities and Exchange Commission released after Monday’s closing bell. Bill Ackman’s Pershing Square Capital Management LP also revealed a new Alphabet stake bought during the first quarter in a Monday 13-F.

See more: Bill Ackman’s Pershing Square reveals new Alphabet stake of 10.3 million shares Loeb’s entity bought up 1.33 million U.S.-listed shares of Alibaba
during the period, while also scooping up 1 million shares of AMD
Other new positions included 1.2 million shares of Micron Technology Inc.
800,000 shares of Salesforce Inc.
and 1.15 million shares of Teck Resources Ltd.
Third Point dumped its position in SentinelOne Inc.
that had amounted to 14.7 million shares as of the fourth quarter. He also unloaded his stak …

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