Key Points
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Dan Loeb’s Third Point increased its stake in Nvidia by purchasing 100,000 shares in Q4 2022, following prior increases.
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Loeb sold all 220,000 shares of Meta Platforms in Q4, after holding them for two consecutive quarters, amid concerns over rising costs and a potential U.S. recession.
In a recent Form 13F filing, billionaire Dan Loeb’s Third Point revealed significant trading activity for the fourth quarter of 2022. Loeb purchased 100,000 shares of Nvidia (NASDAQ: NVDA), bringing his total investment to over 1.9 million shares acquired throughout the year, attracted by the company’s dominance in AI hardware. Conversely, he sold all 220,000 shares of Meta Platforms (NASDAQ: META) after a rally of more than 50% in the stock price, possibly due to profit-taking and concerns over the company’s increasing capital expenditures in AI.
The deadline for institutional investors with at least $100 million in assets to file Form 13F with the SEC was February 17, 2023. These filings provide insights into the investment strategies and stock preferences of prominent investors on Wall Street.
