On May 15, the filing deadline for Form 13Fs with the Securities and Exchange Commission became a crucial date for investors, providing insights into institutional investors’ transactions for the March-ended quarter. This required filing is submitted by investment firms managing at least $100 million in assets and offers a snapshot of stock purchases and sales by major money managers like billionaire Dan Loeb of Third Point.
During this quarter, Loeb exited his position in Tesla (NASDAQ: TSLA), selling 500,000 shares after the stock more than doubled since acquisition. This decision was influenced by Tesla’s declining vehicle margins and concerns over its latest Cybertruck model, which has been underperforming. Conversely, Loeb invested significantly in AT&T (NYSE: T), purchasing 3,775,000 shares as the company’s stock doubled in value, benefiting from growth in 5G services and improved financial stability after the spinoff of WarnerMedia.
As of March 31, 2025, Third Point had over $6.5 billion in assets under management, with Loeb’s average hold time on investments being approximately 13.5 months, indicating a proactive approach to capitalizing on market trends.
