VST - Tracking Dan Loeb's Third Point Portfolio - Q1 2024 Update

2024-06-05 22:43:17 ET

Summary

• Dan Loeb's 13F portfolio value increased from $6.64B to $7.85B in Q1 2024.
• The top three holdings account for approximately 34% of the entire portfolio.
• New stakes include Alphabet Inc., Advanced Auto Parts, Cinemark Holdings, Goldman Sachs, Marvell Technology, and S&P Global.

This article is part of a series that provides an ongoing analysis of the changes made to Dan Loeb’s 13F stock portfolio on a quarterly basis. It is based on Third Point’s regulatory 13F Form filed on 5/15/2024. Please visit our Tracking Dan Loeb’s Third Point Portfolio series to get an idea of their investment philosophy and our last update for the fund’s moves during Q4 2023.

This quarter, Loeb’s 13F portfolio value increased from $6.64B to $7.85B. The 13F portfolio is very concentrated with the top three holdings accounting for ~34% of the entire portfolio. The number of holdings increased from 37 to 40. 27 of the holdings are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. The largest five individual stock positions are PG&E, Amazon.com, Microsoft Corporation, Bath & Body Works, and Meta Platforms....

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