3rd Point, a hedge fund, submitted its Type 13F on Thursday, exposing the fund’s trades from the previous quarter. Here’s a take a look at Third Point’s most considerable current trades.
New Positions: 3rd Point opened an overall of 9 positions throughout the quarter. The most significant are listed below.
- 3rd Point included a stake in Brookfield Corp. BN with 4.725 million shares valued at $251.1 million, according to information from Whalewisdom.
- The fund opened a position in Tesla, Inc. TSLA with 400,000 shares.
- 3rd Point opened a position in CVS Health Corp. CVS with 1,575,000 shares.
Trump Media Experts Offer More Than $16 Million In DJT Stock
Closed Positions: The hedge fund liquidated 11 positions with the most significant being American International Group, Inc. AIG, Verizon Communications Inc. VZ and its whole stake in Micron Innovation, Inc. MU
Noteworthy Trades: 3rd Point included 1,085,000 shares to its stake in Intercontinental Exchange Inc. ICE, bringing its existing position to 2,085,000 shares valued at $334.9 million, according to Whalewisdom. The fund minimized its stake in Amazon.com, Inc. AMZN by 1,400,000 show 3,700,000 shares still held.
3rd Point likewise offered 555,000 Meta Platforms, Inc. META shares, over half its stake in the business, however still holds 545,000 Meta shares valued at roughly $311.9 million, according to Whalewisdom.
Read Next:
Picture: Shutterstock
Market News and Data gave you by Benzinga APIs