The billionaire founder and CEO of the New York-based hedge fund Third Point LLC is deploying tens of millions of dollars into two hyperscaler names.
The latest 13F filing from the U.S. Securities and Exchange Commission (SEC) shows that Dan Loeb opened a new stake in Meta (META) in Q1 of this year, accumulating 90,000 META shares worth $51.491 million.
On top of Meta, Loeb initiated a new position in Alphabet (GOOGL), gobbling up 175,000 GOOGL shares valued at $50.323 million. The billionaire also opened a fresh stake in the energy infrastructure platform Hut 8 (HUT), snapping up 869,563 shares worth $40.791 million. HUT is trading at $124, up about 160% year-to-date.
Another new position for Loeb is the wafer fab equipment manufacturer KLA Corp (KLAC). As of the quarter ended March 31st, Loeb holds 11,000 KLAC shares worth $16.196 million. KLAC is trading at $259, up over 105% this year.
Next up is the global supplier of wafer fabrication equipment, Lam Research (LRCX). In Q1, Loeb opened a new stake in the company, accumulating 75,000 LRCX shares valued at $16.024 million. LRCX is trading at $389, up over 120% year-to-date.
And Loeb opened a new stake in the photolithography systems manufacturer ASML Holding (ASML) in Q1 as well, gobbling up 12,000 ASML shares worth $15.849 million. ASML is trading at $1,929, up over 70% this year.
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The post Hedge Fund Billionaire Pours $190,674,000 Into Google, Facebook and Three Stocks That Have Each Exploded Over 2x Year-to-Date appeared first on The Daily Hodl.
 The billionaire founder and CEO of the New York-based hedge fund Third Point LLC is deploying tens of millions of dollars into two hyperscaler names. The latest 13F filing from the U.S. Securities and Exchange Commission (SEC) shows that Dan Loeb opened a new stake in Meta (META) in Q1 of this year, accumulating 90,000
The post Hedge Fund Billionaire Pours $190,674,000 Into Google, Facebook and Three Stocks That Have Each Exploded Over 2x Year-to-Date appeared first on The Daily Hodl. Trading, billion, Dan Loeb, facebook, google, money, News, Third PointÂ