Dan Loeb Exits Nvidia, Meta And Broadcom — Bets Big On Warner Bros. Discovery
benzinga_article·- Hedge fund manager Daniel Loeb reshuffled Third Point LLC's portfolio in the second quarter of 2026 by exiting major technology holdings. - The fund completely liquidated its stakes in companies such as Meta Platforms, NVIDIA, and Broadcom. - Meanwhile, Third Point established a significant new position in Warner Bros. Discovery with 20,000,000 shares while raising stakes in several other firms.Dan Loeb's Third Point adds SpaceX; exits Nvidia; cuts stake in Amazon among Q2 moves
MSN·- Hedge fund Third Point established new stakes in SpaceX and the SPDR S&P 500 ETF Trust during the second quarter. - The firm simultaneously exited its positions in Nvidia and Meta Platforms while reducing its Amazon stake by approximately 10 %. - These portfolio adjustments reflect the notable asset reallocation strategy executed by the New York-based fund over the quarter.Jim Cramer Says Buy Carpenter Technology, Calls This IT Services Stock a 'Value Trap'
benzinga_article·- Jim Cramer recommended buying Carpenter Technology following its announced $1 billion buyback program and dividend declaration. - He labeled DXC Technology a value trap after the company reported mixed second-quarter financial results. - Additionally, he expressed varied views on several other equities, including positive stances on Hess Midstream and UL Solutions.