Key Points
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Billionaire Dan Loeb cut his fund’s stake in Amazon by 57% since mid-2024 and sold 645,000 shares in the fourth quarter, marking a 23% reduction.
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Loeb’s investment firm, Third Point, added a new position in Chipotle Mexican Grill with 4.7 million shares in the December quarter, despite the stock being down 50% from its all-time high.
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Amazon shares peaked at over $250 during the fourth quarter, prompting profit-taking as market valuations remain historically high.
