Billionaire Dan Loeb sold Tesla stake, invested in high-yield dividend stock
From Nasdaq: 2025-06-27 03:51:00
In the world of Wall Street, staying on top of the latest data releases is crucial. On May 15, the filing deadline for Form 13Fs with the SEC was overlooked due to a busy earnings season and other economic data releases. Form 13Fs provide insight into the stock purchases and sales of institutional investors with at least $100 million in assets.
Billionaire investor Dan Loeb, known for his savvy stock picks, made significant moves during the March quarter. He sold off shares of Tesla, a stock that had doubled in value, and invested in a high-yield dividend stock that has also seen substantial growth. Loeb’s active fund strategy involves timely buying and selling based on market conditions.
One of the issues with Tesla that led to Loeb’s sell-off was declining vehicle margins and questionable demand for the Cybertruck. Musk’s unmet promises, including delays in achieving Level 5 autonomy and limited progress in the robotaxi launch, have raised concerns. Loeb’s exit from Tesla may be a result of these operational challenges facing the company.
On the flip side, Loeb’s fund added a significant position in AT&T, a high-yield dividend stock that has shown resilience and potential for growth. Despite past concerns about legacy cable liabilities, AT&T has rebounded and doubled its share value. The company’s strategic focus on expanding its 5G network and broadband services has contributed to its financial strength and improved outlook.
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Read more at Nasdaq: Billionaire Dan Loeb Sold Third Point’s Entire Stake in Tesla in Favor of a High-Yield Dividend Stock That’s Doubled in Under 2 Years