Hedge fund billionaire Daniel Loeb significantly reshuffled positions at Third Point LLC in the second quarter of 2026. The investor removed several mega-cap and technology names, according to the fund’s latest Form 13F filed with the U.S. Securities and Exchange Commission for the period ended June 30, 2026.
The company exited its entire stake in several leading companies including – Meta Platforms, Inc. (NASDAQ:META), NVIDIA Corporation (NASDAQ:NVDA), Broadcom Inc. (NASDAQ:AVGO), KLA Corporation (NASDAQ:KLAC) and Lam Research Corporation (NASDAQ:LRCX).
New Additions:
- Warner Bros. Discovery, Inc. (NASDAQ:WBD): 20,000,000 shares
- Riot Platforms, Inc. (NASDAQ:RIOT): 3,500,000 shares
- Block, Inc. (NYSE:XYZ): 2,558,943 shares
- Flex Ltd. (NASDAQ:FLEX): 1,030,000 shares
- Performance Food Group (NYSE:PFGC): 675,000 shares
- Keysight Technologies (NYSE:KEYS): 585,000 shares
- Sysco Corporation (NYSE:SYY): 580,000
Notable Raised Stakes: Q2 vs Q1
- Alphabet Inc. (NASDAQ:GOOG): Raised from 175,000 shares in the first quarter (Q1) 2026 to 1,025,000 shares by the end of second quarter (Q2) 2026.
- Norfolk Southern (NYSE:NSC): Increased from 100,000 in Q1 to 600,000 shares in Q2.
- Capital One Financial (NYSE:COF): Boosted from 140,000 in Q1 to 825,000 shares in Q2.
- ASML Holding (NASDAQ:ASML): Raised from 12,000 in Q1 to 30,000 shares in Q2.
- Taiwan Semiconductor Manufacturing Company (NYSE:TSM): Increased from 275,000 in Q1 to 460,000 shares in Q2.
- Hut 8 Corp. (NASDAQ:HUT): Boosted from 869,563 in Q1 to 1,315,000 shares in Q2.
Meanwhile, the company trimmed stake in Amazon.com, Inc. (NASDAQ:AMZN) from 1,940,000 in Q1 to 1,750,000 shares in Q2 and Carpenter Technology (NYSE:CRS) from 310,000 in Q1 to 215,000 shares in Q2.
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