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Dan Loeb took big stake in Apple last quarter; Amazon biggest holding

Pelican Press

By Pelican Press,
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Dan Loeb took big stake in Apple last quarter;
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biggest holding

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remained Third Point’s biggest holding at the end of June with a stake worth $986 million.
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and Meta stayed the hedge fund’s third and fourth biggest holdings even after Loeb trimmed these stakes by about 10% each last quarter. Loeb also hiked his stake in Taiwan Semiconductor Manufacturing , another AI name, by 72% last quarter. The chip maker is now Third Point’s 10th largest holding. “In the years to come we see a combination of cyclical recovery plus structural growth in AI demand fueling substantial earnings growth for the company,” Loeb said of TSM in April.



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#Dan #Loeb #big #stake #Apple #quarter #

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