Billionaire Dan Loeb Has 27% of His Third Point Portfolio in 3 Brilliant “Magnificent Seven” Stocks, but Completely Sold Out of Another

From Nasdaq:

Daniel Loeb, CEO of Third Point hedge fund, is known for turning $3 million into a $6 billion empire. He believes AI will bring economic upheaval akin to the Industrial Revolution. Loeb’s top holdings include Microsoft, Amazon, and Meta Platforms tied to AI. He sold off his entire position in Alphabet but sees potential in utility stocks.



Read more at Nasdaq: Billionaire Dan Loeb Has 27% of His Third Point Portfolio in 3 Brilliant “Magnificent Seven” Stocks, but Completely Sold Out of Another