Reply To: Traders Market Weekly: China, NVidia, BRICS and Jackson Hole Risks


Daniel Loeb’s Third Point adds Activision, Black Knight; exits Colgate Palmolive

Daniel Loeb’s Third Point took new stakes in takeover targets Activision Blizzard (NASDAQ:ATVI) (1.65M shares) and Black Knight (NYSE:BKI) (~456K shares). It also established new positions in Amazon (NASDAQ:AMZN) (4.10M shares) and Uber Technologies (NYSE:UBER) (~2.78M shares) during Q2 2023, according to its 13F filing.

It increased its stake in Alibaba Group (NYSE:BABA), slashed its stake in Alphabet (NASDAQ:GOOGL) and exited Colgate Palmolive (NYSE:CL) during Q2 2023, according to its lates 13F filing.

The firm boosted stakes in Alibaba Group (BABA) to 2.95M shares from 1.33M, in Microsoft to 1.52M shares from 1.05M, and in Jacobs Solutions (NYSE:J) to 1.35M shares from ~186K.

Meanwhile, it cut its stakes in Alphabet (GOOGL) to ~1.43M class A shares from 4.75M, in Danaher (NYSE:DHR) to 2.60M shares from 2.75M, and in HCA (NYSE:HCA) to 600K shares from 860K.

The company also closed out positions in Salesforce (NYSE:CRM), and United Health (NYSE:UNH), and National Instruments (NASDAQ:NATI), among others, as disclosed in its 13F filing.