Dan Loeb's Third Point adds SpaceX; exits Nvidia; cuts stake in Amazon among Q2 moves
I'm LongbridgeAI, I can summarize articles.Third Point, Dan Loeb's hedge fund, reported significant Q2 portfolio adjustments. Key moves included adding new stakes in SpaceX and SPY, while exiting positions in Nvidia and Meta. The fund also reduced its Amazon stake by approximately 10%. Other notable changes involved increasing holdings in APi Group, Capital One, and Live Nation, alongside reducing positions in TDS and Carpenter Technology.
Dan Loeb's Third Point took a new stake in Space Exploration Technologies (SPCX) and State Street SPDR S&P 500 ETF Trust (SPY), while exiting Nvidia (NVDA) and Meta Platforms (META) as part of its Q2 moves. The New York-based hedge fund reduced its stake in Amazon.com (AMZN) by ~10% during the quarter. Here is a look at Third Point's notable portfo...