The billionaire founder and CEO of New York-based hedge fund Third Point LLC is spreading tens of millions of dollars into two ultra-expanding names.
The latest 13F filing from the US Securities and Exchange Commission (SEC) shows that Dan Loeb open New stake in Meta (META) in the first quarter of this year, resulting in an accumulation of 90,000 META shares worth $51,491 million.
On top of Meta, Loeb started a new position in Alphabet (GOOGL), acquiring 175,000 GOOGL shares worth $50.323 million. The billionaire also opened a new stake in energy infrastructure platform Hut 8 (HUT), purchasing 869,563 shares worth $40,791 million. HUT is trading at $124, up nearly 160% year to date.
Another new position for Loeb is chip manufacturing equipment manufacturer KLA Corp (KLAC). As of the quarter ended March 31, Loeb owned 11,000 shares of KLAC stock valued at $16.196 million. KLAC is trading at $259, up more than 105% this year.
Next up is global supplier of chip manufacturing equipment, Lam Research (LRCX). In the first quarter, Loeb opened a new stake in the company, amassing 75,000 LRCX shares worth $16,024 million. LRCX is trading at $389, up over 120% year to date.
Loeb opened a new stake in lithography systems manufacturer ASML Holding (ASML) in the first quarter as well, acquiring 12,000 ASML shares worth $15.849 million. ASML is trading at $1,929, up more than 70% this year.
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