Hedge fund billionaire Dan Loeb is aggressively repositioning Third Point LLC capital into hyperscalers and semiconductor infrastructure. Latest SEC filings reveal the New York-based investor deployed over $190 million across six strategic equity positions during the first quarter.
Loeb established a new $51.5 million stake in Meta Platforms, acquiring 90,000 shares. He simultaneously initiated a $50.3 million position in Alphabet, purchasing 175,000 shares. These moves signal renewed confidence in big tech advertising and cloud computing fundamentals.
The portfolio also targets high-growth energy and chip manufacturing sectors. Third Point acquired 869,563 shares of data center infrastructure firm Hut 8 for approximately $40.8 million. The stock has surged 160% year-to-date.
Semiconductor equipment makers received significant allocation. Loeb opened positions in KLA Corp, Lam Research, and ASML Holding. Combined investments in these three wafer fabrication leaders total nearly $48 million. All three companies have posted substantial double-digit gains this year, reflecting robust demand for advanced chip production technology.