Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Loeb’s Third Point Reports Stakes in FedEx, Google and EQT Corp.

Third Point LLC, the hedge-fund firm run by Daniel Loeb, acquired new stakes in FedEx Corp., Google Inc. and EQT Corp. in the third quarter, according to a regulatory filing.

Loeb bought 2 million shares of Memphis, Tennessee-based FedEx valued at $228.2 million at the end of September, according to a filing today with the U.S. Securities and Exchange Commission. Third Point, based in New York, also reported that it held 110,000 of Google’s A shares valued at $96.4 million and 1 million shares of energy company EQT Corp. valued at $88.7 million

Loeb, whose hedge-fund firm seeks changes at companies including Sony Corp. and Sotheby’s, said Nov. 12 that he won’t push for the ouster of FedEx’s Chief Executive Officer Fred Smith and that he likes the global courier’s business. Third Point has efforts under way to replace the CEO of Sotheby’s and spurred the resignation of Yahoo! Inc. CEO Scott Thompson.

Third Point sold 46 million shares of Sunnyvale, California-based Yahoo in the quarter. Yahoo remained its largest holding by market value with 16 million shares valued at $530.7 million. Third Point added 3.65 million shares of New York-based Sotheby’s. Third Point holds 6.35 million shares of the auctioneer, according to an Oct. 2 regulatory filing.

Elissa Doyle, a spokeswoman for Third Point, declined to comment on the holdings.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.