thirdpoint
Dan Loeb’s letter to Third Point investors for the first quarter ended March 31, 2023, discussing his new positions in UBS Group AG (NYSE:UBS) and Alphabet Inc (NASDAQ:GOOGL). Dear Investor: During the First Quarter, Third Point returned -4.1% in the flagship Offshore Fund and -4.6% in the Ultra Fund. Assets under management on March 31, 2023, were approximately$12.1 billion. The top five winners for the quarter were Salesforce Inc (NYSE:CRM), Advanced Micro Devices, Inc. (NASDAQ:AMD), LVMH (OTCMKTS:LVMUY), Walt Disney Co (NYSE:DIS), and Microsoft Corp (NASDAQ:MSFT). The top five losers for th...
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In Wednesday filing, SPNT stock’s 9.3% owner reveals intention to buy remaining shares Shares of SiriusPoint (NYSE:SPNT) look set to extended Wednesday’s more-than-10% gain as investors mull the potential of Third Point LLC acquiring the company. The activist fund, run by Daniel Loeb, currently owns 9.34% of the stock. Loeb’s Third Point believes that SiriusPoint’s management team, led by its CEO, is taking the necessary steps to position the company for long-term success and is supportive of the current strategy and plan being pursued. Q1 2023 hedge fund letters, conferences and more Find A Q...
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Dan Loeb says management pay is “untethered to important performance metrics” On Thursday, the Fintel platform reported that Dan Leob’sThird Point LLC filed a 13D form with the SEC disclosing ownership of 13.8 million Bath & Body Works, Inc. (NYSE:BBWI) shares, or 6.02% of the company. The fund pushed the company to refresh its board and reduce management compensation in favor of shareholder returns. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If ...
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What’s New In Activism – Third Point ExpandsThird Point Partners opened an office in Tel Aviv to expand its investments in the country, particularly in the technology sector. Tel Aviv is the second outpost for the New York-based hedge fund, after Menlo Park in Silicon Valley, where its venture capital arm Third Point Ventures is located. Loeb said that Third Point will scout for investments in the country in data infrastructure, cybersecurity, and enterprise software. The firm has made investments in Israel since 2015, including SentinelOne, Verbit, Next Silicon, Trullion, and Forter. Q3 2022 ...
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Dan Loeb’s Third Point has taken an almost $1 billion stake in Intel and is now calling for significant changes at the chipmaker. The hedge fund wrote a letter to Intel Chairman Omar Ishrak calling for strategic changes to boost the company’s position as a seller of processors for data centers and PCs. Q3 2020 hedge fund letters, conferences and more Intel shares popped on Tuesday after the news about Third Point was first reported, but the stock dipped back into the red this morning. Intel stock had fallen about 20% before Tuesday's jump, which was the largest in over eight months. Meanwhile,...
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Third Point Founder And CEO Dan Loeb writes a letter to The Walt Disney Company’s CEO, showing his appreciationg for the company’s DTC business.Q2 2020 hedge fund letters, conferences and moreMr. Robert A. ChapekChief Executive OfficerThe Walt Disney CompanyBurbank, CADear Mr. Chapek:As major shareholders of The Walt Disney Company, we write to express our appreciation for your increased focus on the company’s direct-to-consumer (“DTC”) business. We strongly support your decision to direct marquee content like Hamilton and Mulan into the DTC channel, and look forward to hearing more about your...
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