Third Point Takes New Stakes in Apple, Alibaba, Humana, VisaBy
Sometimes-activist hedge fund founded by Dan Loeb files 13F
Third Point added nine new stakes, exited 10 in third-quarter
Third Point, the sometimes-activist hedge fund firm run by Dan Loeb, took new stakes in nine companies including Apple Inc., Alibaba Group Holding Ltd., Humana Inc. and Visa Inc. in the third quarter.
The New York-based fund exited holdings in 10 companies including Lowe’s Cos., Sealed Air Corp. and Activision Blizzard Inc., according to a 13F regulatory filing Thursday.
Third Point has focused much of its recent activism in Japan, where the firm’s investments have included Seven & i Holdings Co. and Sony Corp. Loeb is also active in ongoing U.S. investments, including auction house Sotheby’s and medical-device maker Baxter International Inc.
Most of Third Point’s stakes aren’t tied to activism, where a hedge fund seeks to convince executives and directors to make changes it argues will reward shareholders.