Third Point boosts its stake in these 'Magnificent Seven' stocks - but offloads this one

Dow Jones

15 Feb

MW Third Point boosts its stake in these 'Magnificent Seven' stocks - but offloads this one

By Bill Peters

Dan Loeb's hedge fund also took new stakes in Capital One and Discover

Daniel Loeb's Third Point hedge fund sold off its position in Apple Inc. in the fourth quarter, while boosting its holdings in electric-vehicle maker Tesla Inc. and social-media giant Meta Platforms Inc.

The investment firm sold off all of its 930,000 shares in Apple $(AAPL)$. But it acquired 120,000 shares of Meta $(META)$, boosting its stake in the company to 665,000 shares. Loeb's firm also bought an extra 100,000 shares of Tesla $(TSLA)$, raising its total holdings to 500,000 shares.

Tesla shares were down 0.2% after hours. Shares of Apple and Meta were down fractionally.

Elsewhere, the fund took new stakes in credit-card giants $Capital One Financial Corp(COF-N)$. $(COF)$ and Discover Financial Services $(DFS)$. It picked up 925,000 shares of Capital One and 640,000 shares of Discover.

Third Point also sold off all its positions in retailer Bath & Body Works Inc. $(BBWI)$ and pharmacy chain CVS Health Corp. $(CVS)$

-Bill Peters

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 14, 2025 17:26 ET (22:26 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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But it acquired 120,000 shares of Meta <a href=\"https://laohu8.com/S/META\">$(META)$</a>, boosting its stake in the company to 665,000 shares. Loeb's firm also bought an extra 100,000 shares of Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, raising its total holdings to 500,000 shares. \n</p>\n<p>\n     Tesla shares were down 0.2% after hours. Shares of Apple and Meta were down fractionally. \n</p>\n<p>\n     Elsewhere, the fund took new stakes in credit-card giants $Capital One Financial Corp(COF-N)$. <a href=\"https://laohu8.com/S/COF\">$(COF)$</a> and Discover Financial Services <a href=\"https://laohu8.com/S/DFS\">$(DFS)$</a>. It picked up 925,000 shares of Capital One and 640,000 shares of Discover. \n</p>\n<p>\n     Third Point also sold off all its positions in retailer Bath & Body Works Inc. <a href=\"https://laohu8.com/S/BBWI\">$(BBWI)$</a> and pharmacy chain CVS Health Corp. <a href=\"https://laohu8.com/S/CVS\">$(CVS)$</a>\n</p>\n<p>\n     -Bill Peters \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 14, 2025 17:26 ET (22:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Third Point boosts its stake in these 'Magnificent Seven' stocks - but offloads this one</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThird Point boosts its stake in these 'Magnificent Seven' stocks - but offloads this one\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-15 06:26</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Third Point boosts its stake in these 'Magnificent Seven' stocks - but offloads this one\n</p>\n<p>\n  By Bill Peters \n</p>\n<p>\n     Dan Loeb's hedge fund also took new stakes in Capital One and Discover \n</p>\n<p>\n     Daniel Loeb's Third Point hedge fund sold off its position in Apple Inc. in the fourth quarter, while boosting its holdings in electric-vehicle maker Tesla Inc. and social-media giant Meta Platforms Inc. \n</p>\n<p>\n     The investment firm sold off all of its 930,000 shares in Apple <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>. But it acquired 120,000 shares of Meta <a href=\"https://laohu8.com/S/META\">$(META)$</a>, boosting its stake in the company to 665,000 shares. Loeb's firm also bought an extra 100,000 shares of Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, raising its total holdings to 500,000 shares. \n</p>\n<p>\n     Tesla shares were down 0.2% after hours. Shares of Apple and Meta were down fractionally. \n</p>\n<p>\n     Elsewhere, the fund took new stakes in credit-card giants $Capital One Financial Corp(COF-N)$. <a href=\"https://laohu8.com/S/COF\">$(COF)$</a> and Discover Financial Services <a href=\"https://laohu8.com/S/DFS\">$(DFS)$</a>. It picked up 925,000 shares of Capital One and 640,000 shares of Discover. \n</p>\n<p>\n     Third Point also sold off all its positions in retailer Bath & Body Works Inc. <a href=\"https://laohu8.com/S/BBWI\">$(BBWI)$</a> and pharmacy chain CVS Health Corp. <a href=\"https://laohu8.com/S/CVS\">$(CVS)$</a>\n</p>\n<p>\n     -Bill Peters \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 14, 2025 17:26 ET (22:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2023250504.SGD","symbol_name":"Allianz Thematica Cl AMg DIS H2-SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2511643983","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511643983","pubTimestamp":1739571960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Dan Loeb's hedge fund also took new stakes in Capital One and Discover. Daniel Loeb's Third Point hedge fund sold off its position in Apple Inc. in the fourth quarter, while boosting its holdings in electric-vehicle maker Tesla Inc. and social-media giant Meta Platforms Inc.The investment firm sold off all of its 930,000 shares in Apple . But it acquired 120,000 shares of Meta , boosting its stake in the company to 665,000 shares. Loeb's firm also bought an extra 100,000 shares of Tesla , raising its total holdings to 500,000 shares.Tesla shares were down 0.2% after hours. Shares of Apple and Meta were down fractionally.Elsewhere, the fund took new stakes in credit-card giants Capital One Financial Corp.  and Discover Financial Services . It picked up 925,000 shares of Capital One and 640,000 shares of Discover.Third Point also sold off all its positions in retailer Bath & Body Works Inc.  and pharmacy chain CVS Health Corp. . This content was created by MarketWatch, which is operated ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","AAPL":"苹果","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","DFS":"发现金融","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","TSLA":"特斯拉","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","BK4604":"机器人概念","LU1582987597.SGD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (SGDHDG) INC","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","META":"Meta Platforms, Inc.","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","SG9999001424.SGD":"United E-Commerce Fund SGD","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","BBWI":"Bath & Body Works Inc.","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","TSYW.SI":"TESLA 3xLongSG261006","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","COF":"第一资本","MACW.SI":"APPLE 3xLongSG261006","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","BK4588":"碎股","LU0072462426.USD":"贝莱德全球配置 A2","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","00201":"华大酒店","CVS":"西维斯健康","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC"},"translate_title":"Third Point增持了这些“七巨头”股票的股份，但抛售了这只股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00201":1,"AAPL":0.9,"BBWI":0.9,"TSLA":0.9,"COF":0.9,"CVS":0.9,"DFS":0.9,"META":0.9,"TSYW.SI":0.6,"MACW.SI":0.6},"content_text":"MW Third Point boosts its stake in these 'Magnificent Seven' stocks - but offloads this one\n\n\n  By Bill Peters \n\n\n     Dan Loeb's hedge fund also took new stakes in Capital One and Discover \n\n\n     Daniel Loeb's Third Point hedge fund sold off its position in Apple Inc. in the fourth quarter, while boosting its holdings in electric-vehicle maker Tesla Inc. and social-media giant Meta Platforms Inc. \n\n\n     The investment firm sold off all of its 930,000 shares in Apple $(AAPL)$. But it acquired 120,000 shares of Meta $(META)$, boosting its stake in the company to 665,000 shares. Loeb's firm also bought an extra 100,000 shares of Tesla $(TSLA)$, raising its total holdings to 500,000 shares. \n\n\n     Tesla shares were down 0.2% after hours. Shares of Apple and Meta were down fractionally. \n\n\n     Elsewhere, the fund took new stakes in credit-card giants $Capital One Financial Corp(COF-N)$. $(COF)$ and Discover Financial Services $(DFS)$. It picked up 925,000 shares of Capital One and 640,000 shares of Discover. \n\n\n     Third Point also sold off all its positions in retailer Bath & Body Works Inc. $(BBWI)$ and pharmacy chain CVS Health Corp. $(CVS)$\n\n\n     -Bill Peters \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 14, 2025 17:26 ET (22:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}