Third Point adds new Apple stake, sheds Marvell Technology among Q2 buys/sells
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Contributor since / Followers
Contributor since / Followers
1 month ago
gorodenkoff
- Dan Loeb’s Third Point LLC took a new stake in Apple (NASDAQ:AAPL) with ~549K shares and exited its stake in Marvell Technology (NASDAQ:MRVL) during Q2, the firm disclosed in its 13F filing on Wednesday.
- Other new positions included: KB Home (NYSE:KBH) with 2.1M shares, Live Nation Entertainment (NYSE:LYV) with ~1.37M shares, and CRH Plc (NYSE:CRH) with 650K shares.
- It also shed its holdings in Wesco (NYSE:WCC), S&P Global (NYSE:SPGI), and Goldman Sachs (NYSE:GS).
- The hedge fund increased stakes in Uber Technologies (NYSE:UBER) to 2.10M shares from 500K, Cinemark Holdings (NYSE:CNK) to 7.00M shares from 5.00M, and Taiwan Semiconductor Manufacturing (NYSE:TSM) to ~2.03M shares from ~1.18M.
- The firm reduced holdings in PG&E (NYSE:PCG) to ~53.8M shares from ~57.9M, Alphabet (NASDAQ:GOOGL) to 1.98M shares from 3.00M, Bath & Body Works (NYSE:BBWI) to ~12.0M shares from 12.9M, and Microsoft (NASDAQ:MSFT) to 1.58M shares from ~1.77M, according to the filing.