Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Loeb’s Third Point Sold Off Holding in Apple Last Quarter

Feb. 14 (Bloomberg) -- Third Point LLC, the New York-based hedge fund run by Daniel Loeb, exited its stake in Apple Inc. in the fourth quarter, according to a regulatory filing.

The fund sold off 710,000 shares of the Cupertino, California-based company valued at about $474 million as of the end of September, according to a filing today with the U.S. Securities and Exchange Commission. Elissa Doyle, a spokeswoman for Third Point, declined to comment on the sale in an e-mail.

To contact the reporter on this story: Margaret Collins in New York at mcollins45@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.