Third Point Reveals Stakes in Netflix, Intercontinental Exchange
Photographer: Daniel Acker/Bloomberg
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Dan Loeb’s Third Point acquired new stakes in Netflix Inc. and Intercontinental Exchange Inc. during the fourth quarter while exiting its positions in Bank of America Corp., T-Mobile US Inc. and Shire Plc.
The New York-based hedge fund also added new positions in defense company General Dynamics Corp., MGM Resorts International, Pinnacle Foods Inc., Lennar Corp., health insurance firm Aetna Inc., and Dentsply Sirona Inc. during the quarter, according to a regulatory filing Wednesday. It sold stakes in Marathon Petroleum Corp., Alexion Pharmaceuticals Inc. and Banco Macro SA.