Lates News

Daniel Loeb's hedge fund, Third Point, liquidated all of its holdings in electric car maker Tesla and social media giant Meta Platforms Inc. in the first quarter, while also reducing its stake in Amazon by over 1 million shares to a total of 2.35 million shares. However, the hedge fund increased its holdings in AI chip manufacturer Nvidia and added to its positions in Apollo, Pacific Gas & Electric, US Steel, and AT&T. The top five holdings in its portfolio are Pacific Gas & Electric, Amazon, Taiwan Semiconductor ADR, Live Nation, and Telephone & Data.