The billionaire founder and CEO of New York-based hedge fund Third Point LLC is pouring 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 the first quarter of this year, accumulating 90,000 META shares worth $51.491 million.
In addition to Meta, Loeb started a new position in Alphabet (GOOGL), snapping up 175,000 GOOGL shares worth $50.323 million. The billionaire also opened a new stake in energy infrastructure platform Hut 8 (HUT), acquiring 869,563 shares worth $40.791 million. HUT is trading at $124, up about 160% since the beginning of the year.
Another new position for Loeb is wafer fabrication equipment manufacturer KLA Corp (KLAC). As of the quarter ended March 31, Loeb owns 11,000 KLAC shares worth $16.196 million. KLAC is trading at $259, up more than 105% this year.
Next up is global wafer manufacturing equipment supplier Lam Research (LRCX). In the first quarter, Loeb opened a new stake in the company, accumulating 75,000 LRCX shares worth $16.024 million. LRCX is trading at $389, up more than 120% since the beginning of the year.
And Loeb also opened a new stake in photolithography systems manufacturer ASML Holding (ASML) in the first quarter, snapping up 12,000 ASML shares worth $15.849 million. ASML is trading at $1,929, up more than 70% this year.
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